Business

The rupee opened weak at 70.60 at the interbank forex market down 11 paise over its last close. The local currency however pared the initial loss and was trading at 70.55.

The Central Statistics Office (CSO), which releases the national account data, had last month revised its forecast for GDP growth for 2017-18 to 7.2 per cent from the earlier estimate of 6.7 per cent.

According to a proposal, which will be first presented before the Sebi's board and then sent to the Finance Ministry, the Sebi Act needs to be amended to "enable Sebi to lay down a platform for a regulatory sandbox in India, which will enable adoption of...

Top losers in the Sensex pack include TCS, Maruti, Hero MotoCorp, M&M, Axis Bank and Tata Steel, falling up to 3.38 per cent.

The overall objective of this policy is to prepare and enable stakeholders to fully benefit from the opportunities that would arise from progressive digitalisation of the domestic digital economy.

PNB is part of the lenders' consortium, led by State Bank of India (SBI), that has extended loans to Jet Airways.

The projects in seven states and two Union Territories were inaugurated through video conferencing here, the commerce ministry said in a statement.

The board of Tech Mahindra has approved a proposal for buyback of up to 2.05 crore equity shares from shareholders at a price of Rs 950 apiece. The total buyback size would Rs 1,956 crore, according to a regulatory filing.

The Employees' Provident Fund Organisation (EPFO) manages social security funds of workers in the organised/semi organised sector in India and has more than 6 crore active members.

The Monetary Policy Committee was in favour of spurring growth in Asia's third-largest economy amid a soft inflation outlook on a sustained fall in food prices, the minutes of the February monetary policy meeting showed.

The 30-share index was trading 269.24 points, or 0.76 per cent, at 35,621.85.

This is the second successive year that the Reserve Bank will be transferring an interim surplus.

State-run IOC had previously purchased US oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of US oil between November to January.

The enrolment will be carried out by all the CSCs. The unorganised workers may visit their nearest CSC along with their Aadhaar cards and savings bank account or Jan Dhan account passbooks and get registered themselves for the scheme.

In April 2014, former senior executives of Cognizant, Coburn and Schwartz allegedly authorised an unlawful payment to one or more foreign government officials in India to secure and obtain a necessary permit to open a new office campus.

The Commerce Ministry in a statement said the issues were addressed by the senior officials and will be taken up in the forthcoming meeting of the Committee of Exports and the GST Council.