Business

The rupee gave up all gains on Friday as shares slumped, after the currency earlier hit its highest level in more than five weeks on continued strong foreign buying of debt, amid expectations the central bank will keep interest rates on hold.

The unexpected winding up of the Shah Commission may have raised environmentalists' eyebrows, but the Indian mining sector is looking forward to a better year.

The strong performance highlights the resurgence of the car manufacturing industry in Britain since the 2008 financial crisis.

The rupee on Tuesday gained 5 paise to 61.86 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters.

The benchmark Sensex ended 42 points higher on Thursday, the last day of equity derivative contracts, led by HDFC Bank, Infosys and ONGC.

Indian brokerage arm of global investment banker Morgan Stanley has sought RBI's approval to start proprietary trading under which it will be able to buy and sell securities on its own account.

National carrier Air India plans to raise up to USD 840 million by way of sale of its seven Boeing 787-8 Dreamliner planes, which it will then lease back, to pay off the bridge loans taken against these aircraft.

The Indian rupee trimmed its initial gains against the American currency, but was quoted still up by 12 paise to 61.89 per dollar on selling of dollars by banks and exporters ahead of RBI's policy review.

The Mittal family has become synonymous with ostentatious weddings, kicked off when Lakshmi Mittal's daughter Vanisha got married in 2004.

RBI chief Raghuram Rajan will likely raise the key policy rate which may adversely impact stocks and have a cascading effect on the rupee.

A team of Star Alliance, which has decided to restart Air India's integration process suspended since 2011, will arrive at New Delhi on Wednesday to assess the steps needed to be taken by the national carrier to blend its network with that of the global a...

The BSE benchmark index Sensex rose 70.67 points, or 0.34 per cent, to 20,862.60 in early trade on Monday.

After gaining 656 points in previous two sessions, the Sensex gained 40.08 points, or 0.19 per cent, to end at 20,890.82 led by stocks of realty, capital goods and banking sectors.

As per the government data released on Thursday, rate of price rise in food articles segment was at 18.19 per cent in October.

Shares of low-cost carrier SpiceJet tanked by over 6 per cent on Friday after the company reported a record loss of Rs 559 crore in the quarter ended September, 2013.

Whether a recent rally that pushed the Sensex to a record high can be sustained will depend on foreign investors who have been buyers for 22 consecutive sessions as of Tuesday.