Business

The RBI on Tuesday asked banks to charge customers for transaction SMS alerts on the basis of usage, instead of imposing a fixed fee, to ensure equity and be reasonable.

The RBI hiked the repo rate by 25 basis points from 7.50 per cent to 7.75 per cent and kept the Cash reserve Ratio unchanged.

ICICI Bank Ltd, India's largest private-sector lender by assets, posted a 20.1 per cent rise in second-quarter profit, beating analyst estimates, led by higher credit growth and income from fees.

Shares of Wipro Ltd(WIPR.NS) fell as much as 6.3 per cent after its July-September revenue in dollar terms grew 2.7 per cent sequentially, lagging other major IT services exporters, dealers said.

The panel says that General Motors had violated engine testing norms for 1.26 lakh MPV vehicle Tavera between 2005 and 2011.

Airports in the race for this have raised several issues including those relating to workforce and returns to be given to the AAI.

The company is also seeking to buy alumina from state-owned Nalco.

Tatas' proposed aviation venture with Singapore Airlines has got Corporate Affairs Ministry's approval to use the name 'Tata SIA Airlines Limited', which plans to offer full-service passenger services on domestic and international routes.

The rupee started by rising to a more than two-month high against the dollar, but slumped later.

The bank said rising pressure on fiscal balances from the depreciation of the rupee was generally a factor that could impede the country's growth.

Rajan said the Union Government is doing a "fair amount of reform", which needs little bit of time for the results to show up.

The manufacturing sector, which constitutes about 76 per cent of industrial production, crawled up 0.1 per cent from a year earlier.

Abu Dhabi's Etihad Airways will buy five Boeing 777-200 aircraft from Air India, the United Arab Emirates' carrier said in a statement on Wednesday.

Fresh dollar demand from banks and importers mainly affected the rupee value, a forex dealer said.

Manufacturers eked out a third consecutive month of growth, according to a survey by the official China Federation of Logistics and Purchasing.

The 30-share Sensex, which had gained 63 points in the previous session, added 37.61 points, or 0.19 per cent to 19,893.85, after moving between 19,997.28 and 19,826.99.