Business

Nirmala Sitharaman said that the ministry would look at the current FDI policy in calibrated way.

"I am looking forward to working with Lloyd, Peter and the Travelex team. This is a landmark transaction for Abu Dhabi," Shetty said.

The benchmark Sensex surged 319 points, clocking its biggest rise in over a week, to end at a new closing peak of 24,693.35 on Friday.

Sentiment on the rupee grew to the most optimistic since February 2012 in the last two weeks, according to a survey of 12 currency analysts.

The airline presently operates two daily flights each out of Delhi and Mumbai.

Faculties of top Indian institutes IIT, IIM and IISc have written to Telecom Minister Kapil Sibal to expeditiously operationalise funds, proposed to be around Rs 17,500 crore, for developing domestic capabilities and reduce dependence on imports in the se...

British exports to India were valued at over 7.6 billion pounds last year, compared to 6.9 billion pounds in the previous year.

The rupee resumed higher at 59.70 per dollar as against the last closing level of 60.05 at the Interbank Foreign Exchange market.

The annualized rate of attrition at Infosys - effectively the number of staff leaving or retiring - was a record 18.7 per cent at end-March.

Qatar Airways is interested in taking a stake in India's IndiGo airline and buy new Airbus A380 planes.

The Nifty ended the day at 6699.35, up 4.55 points while Sensex was up 41.23 points at 22445.12.

The domestic unit commenced slightly lower at 60.62 a dollar from last close of 60.60.

There is a chance of a fuel smell in the affected vehicles, said the car maker, which accounts for almost 1 of every 2 cars sold in India.

Cipla and Infosys were other gainers in the Sensex. Among the laggards are M&M, Tata Motors, Reliance, SBI and GAIL.

The Sensex surged 358.89 points or 1.61 percent to 22702.34 after hitting highest point of the day at 22740.04.

Besides India, Brazil and Russia are likely to witness economic growth weakening whereas the prospects look better for China.