Business

India, the world's second-biggest wheat consumer, sets a price each year to protect domestic farmers from distress sales and to cover emergency needs.

Dhanteras, associated with Lakshmi - the goddess of wealth, and Diwali, the festival of lights, are both considered auspicious to buy gold.

The market starts auspicious Mahurat trading session with smart gains. It also marks the beginning of Samavat 2071. The Nifty opened at 8029 up 21 points while the Sensex is up 68.91 points at 26856.14.

The proposals have been cleared by the Finance Ministry following recommendations for the same by Foreign Investment Promotion Board (FIPB).

The upcoming meeting will be the first high-level one between the officials of the two countries.

The company has denied having violated any laws and has said it would defend itself against all adverse findings in the order.

The Sensex fell 34.74 points to close at 26349.33 and the Nifty declined 20.25 points to 7864.

20 countries are participating in the two-day Global Investors' Summit.

The domestic currency had gained 14 paise to close at 61.61 against the dollar on October 1.

The soon to be launched airline Vistara, from the Tata Group-Singapore Airlines combine, has secured its insurance cover from the country's largest non-life insurer New India Assurance, for Rs 5 crore.

SBI Chairperson Arundhati Bhattacharya said that the calibrated cut in HTM ceiling to 22 per cent by September 15 is a welcome and non-disruptive move.

Demand in India - the second biggest buyer of the metal - is also set to pick up as the festival and wedding season kicked off this week.

"I am very delighted to say that we are first of the block. This vehicle will make us proud not only in India, but also validate Make in India, around the world," Mahindra Group Chairman Anand Mahindra said.

Financial service provider MasterCard is focused on finding new ways to replace cash with electronic ways of paying using innovation.

The Supreme Court on Wednesday quashed allocation of 214 out of 218 coal blocks which were alloted to various companies since 1993.

Investors jumped in to buy what looks likely to be the largest IPO in history.