Business

Equity benchmarks snapped three-day winning streak on profit booking Tuesday, weighed down by index heavyweights Reliance Industries and HDFC pack.

This is the third increase in rates of petrol in June. An increase in diesel rates is expected early next week.

On Wednesday, the rupee had plunged by a whopping 106 paise or 1.78 per cent as month-end dollar demand demand surged.

The National Stock Exchange index Nifty rose by 18.85 points or 0.34 per cent to close at 5,609.10.

Meanwhile, gold fell 1.4 per cent to 1,278.94 dollar an ounce in Singapore.

These new aircraft would replace at least 11 planes currently in the 33-strong fleet of Air India's subsidiary, Alliance Air.

The committee was set up by Finance Minister P Chidambaram, who said that foreign investment limits in different sectors should be revised.

The RBI also called for vigilance over global economic uncertainty, citing the risks of a reversal of capital flows from markets.

There was substantial movement in the stock prices of Infosys a day before the June 1 (Saturday) board meeting.

The cabinet's clarifications allow only 30 pc sourcing for front-end stores and forbid the MBR entity from conducting any other form of distribution.

N Chandrasekaran, who became chief executive in October 2009, had received a pay hike of about 40 per cent to Rs 10 lakh in July 2011 earlier.

This is the second hike in the duty in six months as gold imports touched an alarming 162 tonnes in May.

Many ponzi schemes and chit funds went bust in the Eastern states, especially West Bengal and Assam in the recent past.

Uneven demand and supply for dollars mainly affected the rupee against the dollar, a forex dealer said.

The airlines would have to make it known to the public through their websites and agents about the charges and the preferred seats on sale, the sources said.

The I-T department has also asked the banks to submit the reports of their respective internal enquiries conducted in the aftermath of the Cobrapost expose.