Business

The bill approved by parliament lays the groundwork for non-banking financial companies to win banking licences.

The Reserve Bank kept the cash reserve ratio (CRR) unchanged at 4.25 per cent, its lowest since 1974.

Of 41 analysts polled, 37 expect the RBI to keep the policy repo rate unchanged at 8 per cent in December.

Tata Consultancy Services provisionally fell 3 per cent, while Infosys ended 0.9 per cent lower.

Tata Consultancy Services provisionally fell 3 per cent, while Infosys ended 0.9 per cent lower.

Kingfisher Airlines has debt over Rs 7,000 crore and unpaid interest since January and over Rs 1,000 crore in vendor and tax arrears.

Summing up his life with the 144-year-old conglomerate, Tata said that on the whole it has been a very rewarding experience.

A Walmart spokesperson insisted that the routine lobbying disclosure before the US Congress does not reflect any improper conduct in India.

Forex dealers attributed the rupee's fall to sustained demand for dollar from importers and a lower opening in the stock market.

Mike Duke said in the next 10-15 years, the emerging middle class in countries like India, China will be the real opportunity for Walmart.

The Walmart CEO said the people of India are missing on the opportunity right now because of the inefficiencies of the supply chain.

The apex court had on November 5 had made it clear that it will not interfere with the policy on FDI in retail.

The Sensex went up by 202 points in initial trades to touch a 23-month high of 19612.18 on solid buying.

The sale is part of the government's divestment programme to raise $5.5 billion by next March.

The Indian rupee resumed lower at 54.25 per dollar as against the last closing level of 54.14 at the Interbank Foreign Exchange (Forex) Market.

The rupee resumed lower at 54.38 per dollar as against the last closing level of 54.54 per dollar.