Business

The rupee depreciated by 10 paise to Rs 55.21 against the dollar in early trade on Wednesday.

Dollar selling by exporters and banks, amid a higher opening in the domestic equity market also supported the rupee.

A Reuters poll showed soaring food costs likely pushed Indian inflation to its highest level this year in June, suggesting the RBI will remain hawkish on monetary policy.

The general anti-avoidance rules (GAAR) target firms and investors routing investments through tax havens.

According to sources, the Income Tax department is eyeing the proceeds from the sale of non-core assets of the carrier.

Kapil Sibal said that government will try its best to adhere to timeline given by the Supreme Court.

All the flights cancelled involved operation of the 70-seater turboprop ATR fleet of the Vijay Mallya-owned airline.

The refinery coming up at Barmer will have an annual capacity of 9 million tonnes.

Reliance Industries is facing penalty for falling gas output from its KG-D6 fields.

The airline has decided to introduce promotion schemes to maintain high passenger traffic.

The automobile industry informed that consumers are opting for diesel vehicles rather than petrol vehicles.

According to the annual report of SBI, overall staff strength declined by 7,452 employees during the last fiscal.

The BSE benchmark rose 24.42 points to close at 16,906.58 after moving in a range of 131 points intraday.

CLSA , Deutsche Bank, Goldman Sachs, and UBS were among the banks and brokerages that cut jobs, the sources said.

The CCI said the companies colluded to push prices higher by underutilising their plants.

Indian equities stayed higher for the second consecutive session after a disappointment by the RBI in first session of this week.