Business

The wide-based National Stock Exchange index Nifty, regained the 6,000 points level by surging 41.10 points, or 0.69 pc, to 6,036.50.

Digital content and e-commerce business grew to Rs 400.9 crore for the year, up 193 per cent year-on-year (adjusted for the sale of Newswire18).

Gold dropped more than $18 to $1,429.61 an ounce, not far from Friday's low of $1,420.61, its weakest since April 24.

TV18 Broadcast today reported a net profit of Rs 20.9 crore for the quarter ended March 31 as against a net loss of Rs 8.26 crore in the same period a year ago.

The RBI is expected to cut the policy repo rate by 25 basis points to 7.25 per cent on Friday.

For the full fiscal ended March 31, 2013, the company's net profit fell by 11.05 per cent to Rs 5,096.3 crore from Rs 5,730 crore in 2011-12.

The rupee on Tuesday rose by 13 paise to 54.12 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters, amid sustained foreign capital inflows.

Tail Winds, which owned almost 79.99 pc of Jet before the deal, will transfer a majority of its stake to Jet owner Goyal.

Justice M Chockalingam of the National Green Tribunal said "circumstances did not permit" hearing of the case.

The West Bengal project of JSW, first announced in 2007, has been getting delayed for various reasons.

Justice SS Nijjar would be the new judge sitting with Chief Justice Altamas Kabir to hear the matter on Thursday.

At the spot markets, gold traded Rs 300 higher at Rs 27,400 per 10 gm in the national capital on Monday's trade.

Annual sales of luxury cars stand at just over 20,000 vehicles, or about 1 per cent of the total car market, compared with around 7 per cent in China.

Wipro also reported a 16.7 per cent rise in quarterly profit to Rs 17.29 billion on Friday.

Mortgage lender Housing Development Finance Corp Ltd gained 3.5 per cent, while ICICI Bank Ltd rose 2.3 per cent.

Chidambaram said while fiscal deficit will be reduced by 60 basis points each year, the current account deficit will be narrowed by raising exports.