Business

L&T had proposed to buy back up to 6.1 crore shares from shareholders at a price of Rs 1,475 per equity share, aggregating to Rs 9,000 crore. The offer was open to those holding equity shares as on October 15.

India is pushing for greater use of electric vehicles to reduce vehicular pollution and cut dependence on oil imports.

May's crushing loss marks the collapse of her two-year strategy of forging an amicable divorce with close ties to the EU after the March 29 exit. Investors' focus is now on a confidence vote on May's government by lawmakers later on Wednesday.

Infosys was also among the top gainers, rising 2.58 per cent, after the company on Friday said it will buyback shares worth up to Rs 8,260 crore and offer shareholders a special dividend of Rs 4 per share as part of the company's Rs 13,000 crore-capital a...

Bansal, who is also setting up a $1 billion fund, has invested here in his individual capacity.

The Union Minister was speaking at the launch of the research report 'Rear Seat Belt Usage and Child Road Safety in India' by Nissan India and SaveLife Foundation.

The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by car-makers from countries such as Japan and South Korea.

In a seasonally weak quarter for Indian IT firms due to year-end holidays, TCS posted a profit of 81.05 billion rupees ($1.15 billion) for the Oct-Dec period, up from 65.31 billion rupees a year earlier.

Weakness in the dollar against some currencies overseas supported the domestic unit, but rising crude oil prices and foreign fund outflows capped the rise.

At the Interbank Foreign Exchange (forex) Tuesday, the rupee opened on a sluggish note at 69.83. It weakened further to hit a low of 70.23 (intra-day), before finally closing at 70.21, showing a loss of 53 paise.

The government, earlier, had clarified that private labels were not banned from being sold on e-commerce marketplaces.

The panel also noted that RBI's remonetisation drive has not augmented/resolved the cash supply to ATMs in rural/semi-urban areas, forcing shutdown of many ATMs.

India, the world's third biggest oil importer, wants to unlock its vast hydrocarbon resources to cut dependence on foreign oil.

The American currency lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee.

The report comes after the government and some of the board members of the RBI have put pressure on the central bank to relax capital requirements for banks as they seek to boost credit and economic growth.

Trading mood was subdued after reports said the government was contemplating direct transfers worth Rs 4,000 an acre per season for farmers, among other incentives, which will likely have a substantial financial implication on the exchequer.