Business

The rupee declined following increased month-end demand for the American currency from importers.

Brokers said investors remained confident of government giving a further push to economic reforms.

The price hike is the fifth straight increase in rates since July, adding to the burden of cash-strapped airlines.

He said the steps had been taken in national interest and sought support of all segments on this.

Till now, 49 per cent FDI was allowed in cable TV and DTH while it is 74 per cent in HITS.

Sensex closed 86.17 points or 0.49 per cent up at 17,852.95 - its highest level since August 21.

Sun Pharma, Bharti Airtel, CIL and Tata Steel were among the 15 winners in Sensex.

After a month-long lockout, which was lifted on August 21, the company had fired 500 permanent workers.

While Air India introduced the increased fuel surcharge on Tuesday, Jet Airways would raise it from Wednesday,

The domestic passenger traffic contracted 1.1 per cent year-on-year, the International Air Transport Association said.

The Reserve Bank of India next reviews policy on September 17, and recent hawkish comments suggest it is in no mood to lower rates.

The case has been filed against Kingfisher in Nampally criminal courts in Hyderabad for dishonouring cheques worth Rs 10.3 crore.

The probe is on and till then the pilot has been derostered, as per the standard procedure, airline sources said.

Spot gold prices in Mumbai moved above 31,000 rupees per 10 grams for the first time on Friday morning.

Initially about 150 cars will be rolled out every day instead of 1,500-1,700 units earlier.

Left trade unions CITU and AITUC on Friday criticised Maruti Suzuki for deciding to dismiss 500 regular workers.