Business

According to official data prepared by the Committee on Real Sector Statistics, the highest ever growth rate since Independence was recorded at 10.2 percent in 1988-89 when Rajiv Gandhi was the prime minister.

The 30-scrip Sensex rose over 207 points to close at 37,852 and the broader NSE Nifty settled above the 11,400-mark.

Amazon Chief Executive Jeff Bezos had earlier committed to invest a whopping $5 billion in India to cash in on the rapid growth in e-commerce business.

The court would sell "each and every property" of the firm to recover the cost of construction of the pending real estate projects, a bench of Justices Arun Mishra and U U Lalit also threatened.

The NSE index Nifty too edged higher by 41.85 points, or 0.36 per cent, to scale a new high of 11,428.95.

National Grid US sued Wipro in 2017 seeking damages amounting to $140 million related to an enterprise resource planning (ERP) implementation project.

The 30-share index dropped 248.42 points, or 0.66 per cent, to 37,273.20. The gauge had lost 84.96 points in Wednesday's session.

The Reserve Bank of India for the second time in two months has raised its benchmark interest rate by 25 basis points on inflationary concerns.

In June, the repo rate , or the benchmark lending rate, was raised for the first time in over four years, by 25 basis points to 6.25 percent.

"The increase in profit was on account of dividend from HDFC Bank, which normally gives in the second quarter, but has given dividend in the first quarter and also on good asset quality," HDFC's vice chairman and chief executive officer, Keki Mistry, told...

In a Facebook post, Union Minister Arun Jaitley termed the pre-GST indirect tax regime, during which most of the household items attracted a levy of 31 per cent, as "Congress Legacy Tax".

Factors like better than expcte quarterly earnings by select index heavyweights, positive Asian cues and firm foreign capital inflows boosted investor sentiment.

In May this year, eBay had said it was ending its strategic partnership with Flipkart and will relaunch eBay India with a differentiated offering to focus on cross-border trade.

"Our government decided that the banks should come out into the open with NPAs, and we also took some decisions that would help the country in long run."

Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator Sebi. Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.

Inflation in 'fuel and power' basket too rose sharply to 16.18 per cent in June from 11.22 per cent in May as prices of domestic fuel increased during the month in line with rising global crude oil rates.