FIPB clears Wipro, Nicholas Piramal ADR issues
The government has cleared the proposals of software major Wipro and Pharma company Nicholas Piramal to raise Rs 2,795 crore and Rs 430 crore respectively through American Depository Receipts (ADRs).
Rupee wipes out losses
After Wednesday's stunning crash, the Indian rupee staged a surprise recovery on Thursday, wiping out a substantial portion of the previous day's losses on State Bank of India's (SBI) steady dollar sales.