Business

The benchmark Sensex on Wednesday logged its worst single-day fall in over a month as it slipped about 208 points to end at 27,057.41 hit by losses in bluechips, including RIL, Infosys and ITC, on sustained profit-booking after the recent rally and weak g...

CAD narrowed sharply to USD 7.8 billion (1.7 per cent of GDP) in the first quarter of the 2014-15 fiscal, from USD 21.8 billion (4.8 per cent of GDP) in the year-ago period.

The Supreme Court (SC) has directed realty major DLF to deposit Rs 50 crore in the next 3 weeks and the total sum of Rs 628 crore in the next three months at the SC registry.

In volatile trade, the benchmark Sensex on Tuesday rose a marginal 6 points to log a new closing peak of 26,442.81, extending its winning run to the fourth straight session, on buying in healthcare and FMCG shares while battered metal stocks also witnesse...

Prominent losers in the Sensex include Hindalco, Sesa Sterlite, Tata Steel, Tata Power, ICICI Bank, GAIL, NTPC, RIL, SBI and Tata Motors.

Recouping early losses, the Indian rupee on Wednesday closed six paise higher at almost a three-week high of 60.61 against the American unit on constant dollar.

The CBI accused the bank's CMD Sudhir Kumar Jain of abusing his official position to enhance the credit limits of some companies.

The RBI also allowed banks to levy ATM charges beyond 5 transactions for the same bank's account holders.

"There will be no JetLite, Jet Konnect brands and all the aircraft will have business class and economy class seats," said group chairman Naresh Goyal.

"It shows failure on the part of statutory bodies and the others," the ED said in its charge sheet.

The former chief economist at the International Monetary Fund compared the current global markets to the 1930s - a period marked by the Great Depression.

Amazon CEO Jeff Bezos said that India "is on track to be our fastest country ever to a billion dollars in gross sales."

The average CEO pay at India's top listed companies has risen to Rs 10 crore a year, but still remains less than one-tenth of over Rs 100 crore median remuneration paid to their peers in the US.

Jaitley said high tax rate of 20 per cent on the debt mutual fund will apply from July 10 and not from April 1, 2014 as proposed earlier.

The rupee had retreated from nearly two-week high and ended three paise lower at 60.12 against the Greenback in yesterday's trade.

The benchmark BSE index Sensex rose by 119.33 points, or 0.46 per cent, to 25,834.50 in early trade on Tuesday.