Business

The BSE benchmark Sensex on Thursday closed 22 points down on investors booking profit in blue-chip Infosys, TCS, RIL, Tata Motors and Bajaj Auto shares.

A probe revealed UBS staff orchestrated the manipulation of benchmark interest rates over three continents.

Mistry has been a director of Tata Sons since 2006 and was appointed Deputy Chairman in November last year.

The Reserve Bank kept the cash reserve ratio (CRR) unchanged at 4.25 per cent, its lowest since 1974.

The PM expressed confidence that the months of tough challenges faced by the sector was coming to an end.

Consumer goods output grew by 13.2 per cent in October against a meagre 0.1 per cent growth year ago.

All the bank notes in the denomination of 100 issued by the bank in the past will continue to be legal tender, the RBI said.

Abu Dhabi-based Etihad will initially buy a 30 per cent holding in December and a further 18 per cent by next August.

Following the market buzz, the stock opened the day on a bullish note and further jumped 6.13 per cent to Rs 590 on the BSE.

The court also said that Sahara Group's reasoning for not refunding Rs 27,000 crore to its investors is "unjustifiable".

Meanwhile, the BSE benchmark index Sensex rose by 105.22 points, or 0.56 per cent, to 18,947.30 in opening trade on Thursday.

Duvvuri Subbarao said the RBI was concerned about inflation as well as the slowdown in the economic growth.

The bankers of Kingfisher have also warned the airline to arrange for more capital by November 30.

Chidambaram said there were a total of 84,489 vacancies in the public sector banks at the end of the last financial year, of which 63,200 posts will be filled up in 2012-13.

Meanwhile, the annual reading for August was revised up to 8.01 per cent.

The government received bids worth more than Rs 9,200 by the end of the fifth round of the auction.