Rupee hits new all-time low against US dollarThe Indian rupee slumped 16 paise against the US dollar to trade at a life-time low of 71.37 in early trade on Tuesday. The fall in Indian currency is due to the strong demand for the US currency. At the Interbank Foreign Exchange, the local currency opened at a record low of 71.24 against a dollar, down from its previous close of 71.21, and weakened further to trade at a fresh low of 71.37, down 16 paise.  Airlines' losses could r...

Maruti Suzuki India and Hyundai Saturday reported fall in domestic passenger vehicle sales in August, with floods in Kerala affecting demand for automobiles, although Tata Motors and Mahindra & Mahindra saw healthy growth.

Kerala's thriving tourism industry, that revolves around ayurvedic and medical tourism, its hill stations and backwater cruises, earns the state nearly Rs 35,000 crore a year.

The whole episode started when Sitharaman was interacting with a group of flood-affected people and Karnataka Minister Sa Ra Mahesh told the Defence Minister that the officials were waiting for her for a review meeting after which they had to go for rehabilitation work.

\"The size of the loss caused by the calamity is equal to the size of the annual plan the state has chalked out for 2018-2019. I need not have to tell you that Kerala on its own will not be in a position to mobilise the required resources to bridge the gap, reclaim, and rebuild,\" says Vijayan.

The Rs 700-crore generous aid by the UAE for floods in Kerala is neither final nor has it been officially announced yet

CM Pinarayi Vijayan said Kerala received 788.6 mm rain compared to the average 287.5 mm between August 1 and August 19. Since August 1, the Apollo Tyres stock price has fallen 11%. From 291.60 level, the stock has fallen to 259 level.

Kerala Chief Minister Pinarayi Vijayan today announced that the UAE has offered assistance of Rs 700 crore ($100 million) to aid relief efforts in the state ravaged worst monsoon in close to a century.

Air India Group's Alliance Air yesterday started operations from the naval base. The base is being used for commercial flights as Cochin International Airport is shut till August 26 due to flooding of the runway.

Kerala is battling its worst flood in nearly a century. Over 350 people have lost their lives in the fresh onslaught of rain and floods. So far, the NDRF has evacuated thousands of people from the worst-affected areas. Watch BusinessToday.In video on the devastating floods.

Several parts of the country get flooded during monsoon season every year. In fact, India lost 2,231 lives due to cyclonic storms/heavy rains/floods/landslides during 2017/18.

As the rain fury abates and the flooding starts to recede in Kerala - ravaged by the worst monsoon in close to a century - the insurance industry braces up for a deluge of claims.

In the first quarter (April-June) of 2018/19, the bank has reported a loss of Rs 4,875 crore.

Indian-origin billionaire businessmen based in the UAE have announced Rs 12.5 crore donation for flood relief operations in the deluge-hit Kerala, according to a media report.

Prime Minister Narendra Modi on Friday visited flood-ravaged Kerala and announced an immediate financial assistance of Rs 500 crore. He also announced an ex-gratia of Rs 2 lakh per person to the next of kin of the deceased and Rs 50,000 to those seriously injured.

Appealing for donations from people across the country, Kerala CM Pinarayi Vijayan today said the road to recovery for the southern state is going to be a long one.

At 1:00 pm, the Sensex was trading 128 points higher at 38,015 level. Meanwhile, the Nifty was trading 18 points higher at 11,468 level. It hit all-time high of 11,495 level in early trade. While the Sensex has gained 11.67% since the beginning of this year, Nifty rose 9% during the same period this year.

While the Sensex closed 221 points higher at 37,887, the Nifty gained 60 points to close at the 11,450 level. Market heavyweight Reliance Industries added 35 points to close at 1217.

Three of the four weeks of June witnessed rains that were between 14 and 38 per cent less than the long period average (LPA).

Swiggy that fulfills around 14 million orders every month is planning to grow their business vertical to almost 15-20% of their revenues in the next two years.