Business

The RBI in its mid-quarter monetary policy review kept the repo rate unchanged but cut the Cash Reserve Ratio by 25 basis points.

Citigroup raised its BSE target to 19,900 for June 2013 from its previous target of 18,400 for December.

Earlier, Pakistan had expressed concern over certain issues related with investments from India.

Friday was the best single day performance since June 29 when the Sensex rose by 439 points.

The return ticket on any class has to be bought from Wednesday (September 05) till September 30.

Kingfisher's net loss more than doubled to Rs 2,328 crore in 2011-12, from Rs 1,027 crore in the previous year.

Inflation in July moderated to 6.87 per cent, helped by decline in vegetable prices.

Chairman of GAAR expert committee Parthasarathi Shome submitted the draft report to the Finance Ministry on Saturday.

Besides increased dollar demand, a weak opening in the domestic equity market ahead of first quarter GDP data also put pressure on the rupee, forex dealers said.

Besides month-end dollar demand from oil importers, a lower opening in the equity market and euro's weakness against the US dollar overseas also put pressure on the rupee.

Despite twitchy relations, business relations between India and China have boomed for more than a decade.

Twenty-four pilots and management pilots and 163 cabin crew and executive cabin crew have either resigned or taken VR since 2009.

PM's Economic Advisory Council head C Rangarajan has, however, said that it is merely its recommendation and that the final decision rests with the govt.

Consolidated net profit fell to Rs 762 crore for the first quarter from Rs 1,215 crore a year earlier.

Standard Chartered, a financier in emerging markets, is the sixth foreign bank since 2008 to be implicated.

In line with global stocks, Indian shares tanked with the BSE benchmark index opening 60 points lower.