Business

The SC is expected to pronounce its verdict in the much-awaited Rs 11,217 crore Vodafone tax case on Friday .

The company challenged the income tax demand of Rs 11,000 crore on the overseas deal between Vodafone and Hutchison.

Foreign investors are currently allowed to hold a cumulative 49 per cent in Indian airlines.

The Sensex rose 276.69 points, to close at 16,466.05 and the Nifty moved up 93.40 points to 4,967.30 after hitting an intra-day high of 4,975.55.

The latest numbers are the lowest since December 2009 when headline inflation was at 7.15 per cent.

He believes that emerging stock markets would be at much higher levels in the course of year than present levels.

SAT directed Sahara's two companies to refund around Rs 17,400 crore to their investors, and extended its interim order.

The rupee had closed 5 paise higher at Rs 52.97/98 per US dollar on the Interbank Foreign Exchange on Wednesday.

Telecom, technology, banks, FMCG and capital goods were major sectors that led the rally.

Minister of State for Finance S S Palanimanickam accused the carrier of not adhering to TDS provisions.

The monetary policy actions by RBI is likely to reverse the cycle due to the downside risks to growth.

India Inc on Monday said RBI should immediately bring down interest rates to stimulate investment.

The company had sold 1,12,554 units in the same month last year, Maruti Suzuki India (MSI) said in a statement.

The sources said Reliance would use the funds to boost operations at its two refineries in western Gujarat state.

A section of workers threatened to go on strike from Wednesday demanding reinstatement of 18 sacked colleagues.

The Scandinavian home products giant also supports Unicef's water and sanitation programme in India.