Business

The ministry has already finalised capital infusion of Rs 11,336 crore in five PSBs to help them meet their interest payment commitments without impacting their regulatory capital requirements

Major gainers that supported the recovery were Tata Motors, Sun Pharma, Adani Ports, Yes Bank, Tata Steel, ICICI Bank, Vedanta Ltd, M&M, ONGC, RIL, Maruti Suzuki, Bajaj auto and Infosys.

The 30-share index fell 74.69 points, or 0.20 per cent, to 36,466.94 after touching a high of 36,558.71 in opening trade.

RIL's market valuation soared Rs 76,195.2 crore to Rs 6,94,944.56 crore, emerging as the biggest gainer among the top 10 entities.

The shares of RIL have risen for the fifth consecutive session on Thursday, and surged to a 52-week high of Rs 1,091 on the BSE, amid aggressive business plan announced in the AGM, ahead of its June quarter earnings.

Comcast on Wednesday increased its cash offer to 14.75 pounds per share. Sky shares closed at 15.15 pounds.

Subramanian, the former economist at the International Monetary Fund (IMF) was forthcoming in his briefing to the panel and mentioned that the former RBI Governor was instrumental in identifying the problem, another member said.

TCS chief executive and managing director Rajesh Gopinathan said he is enthused by the rising demand from BFSI clients and sees the "green shoots developing nicely" to make him confident of sustaining the momentum and "positive in the medium-term".

The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.

All sectoral indices, led by metal, auto, infrastructure, power, capital goods, healthcare and bankex, were in the green, rising up to 1.61 per cent.

Dr Sudha Murthy, Chairperson, Infosys Foundation, called on the Chief Minister and held discussions on the matter, a government release said.

"The government is open to discuss with the RBI all the issues it has on regulating state-run banks," Goyal told an industry event here this evening.

Anil Agarwal is seeking to buy out minority shareholders, adding to his 66.53-percent stake in India and Africa-focused Vedanta through his holding company Volcan.

The stock listed at Rs 190, a gain of 2.70 per cent from the issue price on BSE. It later soared 21.29 per cent to Rs 224.40.

World Gold Council Managing Director, India, Somasundaram PR said GST is a major fiscal reform since India's liberalisation in the early 1990s.

Speaking to News18.com, GST Network chairman Ajay Bhushan Pandey said the Centre will be coming up with a new single GST return form much like the income tax return form and will be using the second year to bring about further simplification in the system...