Business

The rupee resumed higher at 62.25 a dollar from the previous close of 62.36 and touched a high of 62.24.

The rupee notched up its biggest single-day gain in nearly seven weeks on Monday, buoyed by hopes strong foreign fund flows would support local markets as global risk assets got a boost from China's ambitious economic reforms agenda and monetary stimulus...

"India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo," said Indra Nooyi.

The Sensex dropped by 209.05 points, or 1.02 per cent, to 20,281.91, a level last seen on October 10.

Mumbai: British retail chain Marks & Spencer's, which operates through an alliance with Reliance Retail, on Monday said its India operations will be the largest outside the home market by the turn of 2016 by when it will have over 80 stores here.

The opening price valued the shares at about 22 times forecast 2014 sales, nearly double that multiple at social media rivals Facebook and LinkedIn.

Home, auto and consumer loans are expected to become costlier with the country's largest lender State Bank of India (SBI) raising its lending rates by 0.20 per cent with effect from Thursday.

A scarcity of gold and high prices are pushing Indians to look to silver or diamond jewellery as alternative gifts this festive season, adding to the gloom in the gold trade after government measures to restrict imports.

JPMorgan Chase ~~amp;amp; Co and the US Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank's mortgage bonds, two people familiar with the talks said.

India has slipped three positions to 134th spot in the latest ease-of-doing business list, which is topped by Singapore, according to World Bank.

The RBI is expected to raise policy interest rates for the second time to fight stubbornly high inflation.

Reported revenues for the television (including IndiaCast) and motion pictures business stood at Rs 483.2 crores for the quarter.

Concerned over defaults by big borrowers, Finance Minister P Chidambaram on Tuesday said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate verticals to recover money from written-off accounts.

The rupee fell for the second day amid volatility in the stock markets, dropping 25 paise to 61.52 versus the dollar.

The BSE benchmark Sensex resumed higher at 20,915.76 and firmed up further to 20,970.92, but declined immediately to 20,831.17 before quoting at 20,861.65 (1045hrs), showing a loss of 21.24 points.

The survey was conducted after reports of Air Asia X and Scoot Airlines implementing "child-free zones" on their aircraft.