Business

The government has also allowed Sebi to seek information from other regulators within India and abroad with retrospective effect.

The National Stock Exchange index Nifty gained 18.05 points, or 0.30 per cent, to close at 5,973.30.

Khurshid said India is discussing the feasibility of providing a link from ASEAN to the Buddhist sites in India to facilitate tourist arrivals from ASEAN.

Reliance Infra has refused to run Airport Express link from June 30 as it was suffering huge losses.

Narayan Murthy while putting forward industries wish list to the government also said the software sector has made big contribution towards the economy of Karnataka.

Economists had expected first-quarter GDP growth would be left unrevised at 2.4 per cent.

Gold in Singapore, which normally sets the price trend on the domestic front, dropped by 2.6 per cent to $1,244 an ounce.

The US-based IT solutions firm iGate has been providing services to the global insurance giant for the last 10 years.

The suit has been filed on behalf of persons or entities who purchased or acquired securities of iGate between March 14, 2012 and May 21, 2013.

The National Stock Exchange index Nifty rose by 41.65 points, or 0.72 per cent, to 5,850.05 led by auto stocks.

"Telenor proposal has been approved," Economic Affairs Secretary Arvind Mayaram said.

The rupee has weakened from 53.8 levels in April-end to over 58-levels at present and is also among the worst performing emerging market currencies in the 2013 so far.

Air India has re-launched commercial flight of the Dreamliner between Delhi and London on May 22.

However, a majority of hospitals and chemist chains continue to pose faith in Ranbaxy drugs, pending any adverse direction from the authorities concerned.

Murthy was sacked after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.

The RBI's latest move comes in the backdrop of government raising import duty on gold to 8 per cent from 6 per cent.