Business

The 30-share Sensex resumed weak and remained in negative throughout the day before closing at one-week low of 19,362.55 - a fall of 202.37 points or 1.03 per cent.

RBI Governor Duvvuri Subbarao said that many of the supply-driven causes of inflation can be corrected by appropriate policies.

As the market closed for the week, investors returned home with big gains on Friday.

Japan's Nikkei share average rose above 12,000 on Thursday for the first time in 4.5 years.

World's Most Ethical Companies (WME) highlights companies that outperform industry peers in ethical behaviour.

The rupee fell due to increased demand for the US currency from oil importers.

In Budget for 2013-14, Chidambaram proposed setting up a bank which will predominately employ and lend to women.

Chidambaram, whose reformist zeal has made him a darling of financial markets, focused on revenue-raising measures rather than cuts.

Presenting the Budget, Chidambaram proposed to strengthen capital market regulator SEBI and cut the securities transaction tax.

According to analysts the increase in basic custom and countervailing duty may marginally increase the electricity prices.

RBI Deputy Governor Urjit Patel said the Budget will go a long way in lowering the fiscal risks.

During April-January 2012-13, the country's overseas shipments shrunk by 4.86 per cent to $239.6 billion.

Excise duty on sports utility vehicles has been increased to 30 per cent, while all luxury vehicles, including super bikes will attract 100 per cent import duty.

Auto stocks, including Maruti, saw losses as government announced hiking excise duty on luxury cars and their parts.

Brokers say stocks would have also got a leg up due to short covering of positions after Tuesday's crash when the Sensex shed over 300 points.

WiFi access is currently available in a number of railway stations across the country.