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Chinese shares open lower Friday

Beijing, May 20 (IANS) Chinese stocks opened lower on Friday, with the benchmark Shanghai Composite Index down 0.5 percent to open at 2,792.89 points. The smaller Shenzhen index opened 0.78 percent lower at 9,657.75 points….


Chinese yuan strengthens

Beijing, May 20 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 21 basis points to 6.5510 against the US dollar on Friday, according to the China Foreign Exchange Trading…
















Flipkart logistics arm unveils courier service

Bengaluru, May 19 (IANS) Leading e-tailer Flipkart’s logistics arm Ekart on Thursday launched courier service to deliver parcels to its customers and streamline the fragmented courier market across the country. As the largest logistics firm…