Business

The dollar got off to a flying start in early trade hitting its highest in nearly a week.

Premji, who owns 57 per cent of Wipro, has donated 10 per cent stake in the company to Azim Premji Foundation that promotes education in rural India.

India's biggest automaker by revenue Tata Motors Ltd has beaten analyst estimates by posting a 71 per cent jump in profit, its first quarterly gain in a year, as buoyant sales at luxury unit Jaguar Land Rover Ltd received a lift from new models.

The Sensex has now gained 21 per cent since hitting an intraday yearly low of 17,448.71 points on August 28.

Wipro , Coal India , TCS , Jindal Steel and BHEL were the worst performers.

Finance Minister P Chidambaram will meet chairmen and managing directors of public sector banks on Tuesday to review their performance, especially the situation of non-performing assets and credit growth.

Tatas role in supply of low floor buses by Tata Motors to Government of Tamil Nadu under JNNURM scheme of GoI will be probed by the CBI.

Finance Minister P Chidambaram, on Sunday, met his American counterpart Jack Lew and raised concerns of Indian IT companies on visa issues in the comprehensive immigration reform bill which is currently under the consideration of the Congress.

Rohan Murty, Infosys co-founder NR Narayana Murthy's son, is working as an executive assistant to his father, CEO and Managing Director SD Shibulal said, on Friday, addressing concerns about his role.

Wal-Mart Stores Inc and its Indian partner Bharti Enterprises are breaking up their joint venture and will independently own and operate separate businesses in the country, the companies said in a joint statement on Wednesday.

Steady buying in information technology stocks on a weak rupee helped the 30-share index close with a slender loss of 20.85 points, or 0.10 per cent, at 19,895.10.

The dollar had continued to trade above 80 levels after it rose for the first time in six sessions on Friday.

If the US is pushed into a default of its international obligations, the ripples would be felt all across the world.

Etihad Airways is seeking regulatory approval for its planned Rs 2,058 crore stake in Jet Airways.

Brokers said global markets were spooked as a budget impasse in the United States threatens to shut down parts of the world's largest economy for the first time 17 years.

The rupee on Wednesday closed just a paisa lower at 63.38 against the dollar, the narrowest movement in four month.