Business

China has not opened up much on IT, and pharmaceuticals fronts despite high voltage campaigns by India.

The Finance Ministry had earlier said it would implement GAAR (General Anti-Avoidance Rules) from April, 2014.

Rupee had lost 19 paise to close at 54.76 against the dollar on Friday on weak industrial production data.

The oil ministry has proposed to raise diesel prices by 1 rupee per month for 10 months.

HSBC said the reform process will take time and it will likely be another three years before growth returns to 8 per cent.

The Supreme Court had on August 31, 2012 passed a slew of orders against the group.

There has been a fair degree of focus around profitability in e-commerce ventures over the past few months.

Private equity should logically return a higher rate of return compared to stock markets.

According to a government source, Jet Airways is the frontrunner and a deal in this regard is likely in 10 days.

Tata Motors gained 2.7 per cent while Infosys rose 1.2 per cent.

The deal threatens to further reduce the clout of the New York Stock Exchange.

Infosys was included in the list as a result of its portfolio of capabilities, exemplary performance and strong growth.

DLF will sell its Amanresorts luxury hotel chain to Indonesian owner Adrian Zecha for around $300 million.

Sensex surged 98 points on persistent buying in auto, metal, consumer durable and refinery sectors on hopes of easing of monetary policy by RBI next month.

Brokers said the easing inflation raised hopes that the Reserve Bank of India would cut interest rate in its quarterly policy meet next week.

The investments will be in consumer goods manufacturing, hotels, expansion of existing projects and IT," an ITC spokesperson said.