Business

The rupee had tumbled 53 paise to a fresh closing low of 61.30 against the dollar in Wednesday's trade.

The euro rose to 1.33 to the dollar. The dollar index slipped below 82 mark. The dollar-yen was sub 98 levels.

The airline started making a surplus over its variable costs since July-September, 2012 when its surplus was Rs 51 crore.

The minister said he will open 50 centres in India where Urdu speaking children will be given training on electronics hardware.

The CBI had moved a petition seeking cancellation of Chandra's bail in the 2G spectrum allocation case.

The government on Thursday relaxed investment norms in multi-brand retail and raised FDI caps in several sectors.

The rupee had lost 37 paise, its biggest drop in two weeks, to close at 59.72 on Tuesday.

The rupee had gained 32 paise to close at 59.35 against the dollar on Friday's trade.

The euro slipped to sub 1.31 to the dollar. The dollar index was around 82.90 mark.

This is the first time that the index has closed above the 20,000 mark since 20,215.40 on May 30.

Tata Motors had acquired Singur land to establish a car manufacturing plant but the company later moved it out.

The step has been taken mainly to discourage overseas buying amid a drop in local prices due to ample supplies.

The market remained bullish ahead of a meeting to be chaired by Prime Minister Manmohan Singh, in which some major decisions to boost the manufacturing sector were expected.

On Monday, rupee dived to all-time low of 61.21 but partially recovered on RBI intervention.

Brokers said a steep fall in rupee against the dollar raised fears of widening fiscal deficit and left little room for the RBI to cut interest rate.

Sources within Walmart's Indian unit say it is unlikely to apply for its first retail store licence before March 2015.