Business

Airtel is latest to increase mobile rates by up to 33 per cent while Vodafone and Idea have started gradually implementing the increased mobile internet rates from June.

Wipro, Infosys, M&M, TCS and Hero were top gainers.

The dollar index, a gauge of six major global rivals, was down by 0.30 per cent.

Announced tickets with base fare of Rs 699 for sale from Tuesday till Thursday for travel between January 16 and October 24 next year.

The final guidelines on small and payments banks are expected in the next 2-3 months, sources said.

Surplus cash of state-owned enterprises lying idle in banks may be used to nurse ailing PSUs that can be revived back to health.

The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Modi approved the disinvestment of 10 per cent paid-up equity capital in Coal India (CIL), an official statement said.

Five states attracted about half the total investment of Rs 550,000 crore by central public sector enterprises between 2008-09 and 2012-13.

Another 5-day special fare starting Rs 600, excluding taxes, is for travel period between January 16, 2015 to July 31, 2015.

Infosys will provide IT services, particularly in areas like application support and development to BP, Infosys said in a statement.

The interest rate on deposit in PPF for 2014-15 fiscal is 8.7 per cent.

State-owned Oil India Ltd (OIL) on Tuesday reported a 40 per cent jump in its June quarter net profit as its net price realisation soared after cut in subsidy.

The RBI's policy review established in clear terms that it would get consumer inflation down to 8 per cent by January 2015 and 6 per cent one year later.

Sebi said that the companies had violated various norms due to such activities.

Jaitley had said that the insurance sector is investment starved and there is a need to increase the composite cap in the sector.

The domestic economy was expanding by over 9 per cent before being hit by the global financial meltdown of 2008.