Business

Forex dealers said strong foreign fund flows and dollar's gain against other currencies overseas, capped rupee's fall to some extent.

D Subbarao said RBI has asked branch managers to be more sympathetic to people who come with fake currencies.

The total demand received is for 132.84 crore shares and indicative price is Rs 145.91.

Bulk users like railways, defence and state transport corporations pay more than Rs 10 a litre more for diesel they should directly from oil companies.

The rupee had shot up by 47 paise to close at nearly three-month high of 53.30 on Wednesday against the dollar.

The Reserve Bank of India is expected to issue final rules on new banking licences to private entities within a few weeks.

The UBS said Maruti Suzuki is also well positioned to benefit from improvements in petrol car sales.

However, Morgan Stanley will continue to run its investment banking business and stay registered as a non-banking finance company.

India will continue to attract the global pool of capital, provided the government stays on the course of reforms.

Pawan Kumar Bansal said that teams of Railway Board officials would inspect stations across the country to ensure cleanliness.

The state-run bank has an exposure of Rs 1,500 crore to Kingfisher Airlines, which was grounded on October 1, 2012.

Expectations for a rate cut had gathered momentum after headline inflation slowed to its lowest level in three years.

Bharti Airtel gained 5.2 percent, while Idea Cellular jumped 9.2 percent.

Telecom major Airtel and Vodafone had recently raised tariff of their 2G Internet service by up to 30 per cent.

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

Finance Minister P Chidambaram had recently asked the developers to sell their unsold inventory at a lower price.