However, the indices later recovered on management of these companies allaying concerns over their financial position.

Rana Kapoor, who co-founded the bank with Ashok Kapoor in 2004, established the private bank's credentials and led it to rise above expectations. Its shares have seen a 25-fold rise in the past 13 years and have generated compound annual growth return of around 28 per cent.

The drop in value of rupee and spike in international crude oil prices may force the government to curb imports of non-essential commodities including gold.

Despite steps such as withdrawing withholding tax on Masala bonds, allow some breathing space to foreign portfolio investors, and check non-essential imports and promote exports in order to arrest the decline in rupee, the local currency fell over 50 paise below the 72 level per dollar mark in trade today.

Indian IT services companies could see improvement in margins by as much as 100 basis points in their second quarter results due to the depreciating rupee.

Axis Bank has been in news for all the wrong reasons in the last one year from deteriorating asset quality, leak of financial results, non-compliance with its asset classification norms, to falling stock price.

At 10:09 am, the Sensex was trading 206.85 points, or 0.54 per cent lower to 38,127.97. The laggards include Yes Bank, PowerGrid, Kotak Bank, ONGC, Hero MotoCorp, HUL, HDFC Bank, ICICI Bank, HDFC, Tata Motors, Sun Pharma and Asian Paint Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki, falling up to 2.12 per cent.

Couple of months after its launch that disrupted the telecom industry with its cheap data plans and wide availability, Jio rushed to the 11th spot.

The rupee's near-continuous slide against the dollar - it has depreciated 3.3% in this month alone - is sending importers scurrying to cover their overseas payment liabilities and hedge currency exchange risk.

Digital payments in India is now poised for a great leap forward as global tech giants slug it out for a bigger slice of the pie.

If the bank issues about $17 billion of new stock to back an acquisition, that would effectively dilute the Uday Kotak's holding below the RBI's 20 per cent target.

For online merchants, Google Pay will be supported at over 2000 online apps and sites including Goibibo, FreshMenu, Nykaa, Redbus, BookMyshow and Uber.

The company has announced that users will now be able to avail instant loans using Google Pay app. It has tied up with private lenders like HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank to offer customised loans, which will involve minimum paperwork.

The compensation that independent directors receive from companies has been cited by many as a big reason, which undermines the independence of independent directors.

While the Sensex closed 442 points or 1.16% higher at 38,694 level, the Nifty ended the day at 11,691 level, rising 1.17% or 134 points. Meanwhile, the Sensex hit an all-time high of 38,736, Nifty rose to a record 11,700 level intra day. Of 30 Sensex stocks, 29 closed in the green.

While the Sensex hit an all-time high of 38,610 rising 358 points from its previous close of 38,251, Nifty gained 101 pts to record 11,659 level intra day. Meanwhile, the rupee gained in the opening trade. The currency opened higher by 15 paise at 69.76 per dollar versus close of 69.91 on Friday.

Look at the corporate governance theme to pick winning stocks.

Digitisation has reached a level where you can manage your entire financial world with clicks and taps. Here is what all you can do and how you can manage personal finance digitally.

With recent frauds shaking investors' trust in corporate governance standards, we look at role, limitations and accountability of independent directors who are custodians of these standards.

Top Sensex gainers were YES Bank (3.76%), Vedanta Ltd (3.09%), and SBI (3.02%). Of 30 Sensex stocks, 20 ended in the green.  Top Sensex losers were Hero MotoCorp (1.14%), ONGC (0.61%), and Maruti (0.58%).