Business

Factors that indicate higher December inflation are increased prices for some foods and the impact of higher pay for government employees.

The Bombay Stock Exchange stood at 34606 points at noon on Friday and fell to 34550.2 points at 12:15 pm, at the time the press conference of the Supreme Court judges began.

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The banks have run out of storage space mainly because of the junked banknotes deposited with them following demonetisation in November 2016.

This is being done to “purely reward, encourage and acknowledge” global players to start the retail business in India, added the source close to the development.

The 30-share index rose by 122.44 points, or 0.35 per cent, to hit a new peak of 34,565.63, surpassing its previous record (intra-session) of 34,488.03 points hit on Tuesday.

The proposals before the ministry is to hike the tax exemption limit from the existing Rs 2.5 lakh per annum to at least Rs 3 lakh if not 5 lakh.

In the current 2017/18 season sugar mills in India, the world's biggest consumer of the sweetener, is expected to produce just enough to meet its annual consumption of about 25 million tonnes.

Currency dealers said continued foreign fund inflows and weakness in the greenback against other currencies overseas supported the rupee.

Air India, which was founded in the 1930s by the Tata Group and nationalised in 1953, is saddled with a debt of $8.5 billion.

The prediction shows how the fracking revolution has turned the US into an energy powerhouse -- a transformation that President Donald Trump vowed to accelerate by cutting regulation.

The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions.

"The Union Cabinet chaired by Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding (MoU) on India-Italy Cooperation in Renewable Energy...," an official statement said.

The country's overseas gold purchases in December stood at 70 tonnes, up 40 percent from a year ago, GFMS data showed.

The government on December 29 had cautioned investors to be wary of virtual currencies like Bitcoin, saying they are like Ponzi schemes with no legal tender and protection.

The benchmark Sensex touched a low of 33,766.15 before settling lower by 244.08 points, or 0.72 per cent, at 33,812.75. This is the biggest single-day fall since December 1 when the index had lost 316.41.