Business

The Reserve Bank of India on Thursday reduced trading limits for banks in the foreign exchange market.

In a weak market that saw the BSE Sensex fall by nearly 4 per cent during the week, RIL remained the most-valued company in the country.

China imposed import duties in August and September 2010, claiming that US broiler products were subsidised.

The ASSOCHAM said FDI in multi-brand retail could have created over 10 million jobs in three years.

Stock markets across the globe have pinned hopes on the EU Leaders Summit.

With full control over supply chain, FDI investors will dry the existing chain, a traders association said.

Punjab, Haryana, Maharashtra, Rajasthan and Odisha have indicated their acceptance of the new policy.

NRI entrepreneur Lord Bilimoria is also the President of the India-UK Business Council.

The total outstanding home loan of SBI rose to Rs 92,383 crore at the end of September 2011.

Short covering in the late trade pushed the Sensex 1 per cent higher on Thursday. It was supported by capital goods, oil & gas, private banks, auto and technology sectors.

Infosys, TCS, ITC, Wipro and Tata Motors among other large caps slipped 2-3 per cent.

At the lowest point, the rupee has shed 16.5 per cent from its 2011 high reached in late July.

The CAPA has forecast a record $2.5 billion to $3 billion loss for Indian airlines for the year ending March 2012.

According to DGCA IndiGo had not taken the regulator's prior approval to curtail its flight schedules.

There are a analysts who say markets have been overly negative and are forecasting better times ahead.

Currently, the savings rate stands at 4 percent, which was last raised in May after remaining unchanged for 8 years.