Business

The domestic currency has dropped by 40 paise or 0.60 per cent in the last three trading days.

In a report it said that India's external financing needs have diminished significantly over the last three years.

Vijay Mallya had been negotiating the deal with a consortium of 17 banks through video conferencing.

Inviting Saudi businesses to come and invest in India in sectors like railways, defence and energy, Modi also said a common indirect taxation regime in form of GST (Goods and Services Tax) was "about to happen". He, however, refrained from giving any spec...

The closing was a fresh 11-week high of 25,330. The modest rise came on the back of investors sticking with their buying activity amid sustained foreign inflows.

India recently lowered its economic growth forecast for 2015-16 to 7-7.5 per cent from 8.1-8.5 per cent.

Sebi has also decided to bar such defaulters from setting up market intermediaries such as mutual funds and brokerage firms.

Enforcement Directorate (ED) issued summons to over half a dozen officials of the IDBI bank and Kingfisher Airlines.

Sixty per cent funding for start-ups would go to companies that are into hardware and manufacturing business.

The pick-up in prices comes after crude wallowed near 13-year lows below USD 30 a barrel in January, also owing to a strong dollar and tepid demand growth.

"Discussions have been going on for last 3-4 years. The proposal is with the Finance Ministry. We will inform all MPs once a decision is taken," Union Minister for Statistics and Programme Implementation V K Singh said.

The government had earlier estimated a revenue of Rs 42,865.62 crore in 2015-16.