Business

Three senior bureaucrats, including Economic Affairs Secretary Shaktikanta Das, are believed to be in contention for the post of capital market regulator Sebi chairman after the extended tenure of incumbent U K Sinha ends early next year.

The quarter percentage point rate increase -- the first this year -- was a virtual certainty although investors were caught off-guard after the Federal Reserve indicated that the pace of the tightening will be quicker in 2017.

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However, the company's revenue rose around eight-fold to Rs 37.81 crore as against Rs 4.7 crore in 2014-15, the company said.

The rupee gained 19 paise to 67.44 against the dollar in early trade on Thursday on sustained selling of the US currency by exporters and banks amid a higher opening in the domestic equity market amid foreign fund inflows.

Global uncertainties will restrain the Reserve Bank to announce only a 0.25 per cent reduction in policy rates on Wednesday but there could be more loosening in the future, analysts said.

The rupee on Tuesday spurted by 31 paise to close at 67.90/91 against the US dollar compared to previous close of 68.21 per dollar.

The 30-share index was trading higher by 42.63 points or 0.16 per cent to 26,273.29 with sectoral indices led by auto, FMCG, healthcare, PSU, metal and consumer durables leading the recovery.

The rupee on Monday settled almost flat with negative bias at 68.21 against the US currency in a restricted trade amid stray dollar demand from importers.

India crossed the USD 300 billion foreign direct investment (FDI) milestone between April 2000 and September 2016, firmly establishing its credentials as a safe investment destination in the world.

The green products include solar panels, wind turbines and air quality monitors "that can help achieve environmental and climate protection goals," the World Trade Organisation said.

The benchmark BSE Sensex surged over 90 points in early trade on Wednesday, extending its rally to the fourth straight session on continued buying by domestic institutional investors amid expectations of positive GDP data to be released later in the day.

The Act and the prescribed rules provide for adequate safeguards to protect minority shareholders," the minister of state for corporate affairs said in a written reply to the Lok Sabha.

Indian government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it scrambling to clear a $135 billion pile of stressed loans from banks...

The Centre had on October 3 informed the court that a whopping Rs 8,186 crore, illegally kept in offshore banks by Indians, has been brought under the tax ambit despite constraints like non-sharing of information by Swiss authorities.

Further relaxing cash withdrawal norms, the Reserve Bank on Monday said overdraft and cash credit account holders can now withdraw up to Rs 50,000 in a week.