Business

Total income increased to Rs 40,739.21 crore during the quarter, against Rs 36,192.62 crore in the same period a year ago.

The central bank chose to keep all the key policy rates unchanged, except cutting SLR by 50 basis points to infuse liquidity.

ICICI Bank provisionally fell 1.8 per cent while Wipro slumped 4.4 per cent.

The application said that prospective buyers want Subrata Roy himself to be present during all negotiations.

At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed higher at 60.03 and improved further to almost two-week intra-day high of 59.98.

"Revenue collection targets fixed for 2014-15 will not only be achieved but also surpassed," Finance Minister Arun Jaitley said.

Even exports rose 10.2 per cent to $ 26.48 billion (YoY), but declined from $ 28 billion on a month-on month basis.

Moody's assigns a 'Baa3' rating on India, with a stable outlook.

"Since 2011-12, import of gold jewellery from Thailand has come down," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

Infosys consolidated revenue went up 13.3 per cent to Rs 12,770 crore in Apr-Jun quarter.

As of March 2014, total NAPs stood at a high 4.4 per cent for the system, with multiple analysts fearing it will go up further.

Arun Jaitley spared the common man from price hikes by keeping duties on commonly used day-to-day items unchanged.

The savings limit under Sec 80C has been hiked by Rs 50,000 while housing loan exemption limit has also been raised to Rs 2 lakh.

Jaitley expressed concerns over economic slowdown while promising steps to ensure a course correction with bold measures.

The Finance Minister said that new and renewable energy deserves high priority and ultra modern power projects should be taken up.

In the broader market, the benchmark Sensex was trading at 25,292.04, down 152.77 points at 1215 hrs.