Rupee trades at 49.0150/49.0250
Mumbai: The rupee firmed up in early deals and traded at 49.01/49.02 on 24 May on nice dollar supplies over the previous close of 49.0550/49.0650. But traders say demand from importers later in the day might put some pressure on the domestic currency. At 10.30 am, the rupee was quoted at 49.0150/48.0250 against the dollar on moderate dollar selling by banks.
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US visa fee to go up from 1 June
Mumbai: The US State Department has decided to increase the visa and passport fees effective from 1 June 2002 and 19 August 2002, respectively. The increased cost is the result of the various new technological initiatives adopted to beef up the security systems in the US, post-11 September incidents.
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Mid-price hotels get a facelift to do brisk business
New Delhi: Like in the West, mid-price hotel chains are expected to drive future growth in the hospitality business, and make it increasingly difficult for standalone properties to survive because the larger groups, often with their deeper pockets and marketing infrastructure, reach out to guests in more locations.
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War fears weigh on rupee, stocks
Mumbai: The rupee fell to an all-time low against the dollar even as the equity markets continued to remain in the grip of war fears for the eighth consecutive day on 23 May. Sellers outnumbered buyers driving the BSE Sensex further down by 61 points.
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Leakages to cost telecom players dear
Mumbai: Telecom operators in the country, both basic and cellular, could be losing up to five per cent of their revenues annually due to frauds leading to network leakages and billing inaccuracies.
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