Business

The NGT on Friday refused to quash the environment clearance granted to the Vizhinjam International Seaport Ltd.

Union Budget has for decades been presented on last day of February, but this could soon change with the government mulling advancing it to January end.

"What we like about him is: One, he's seen RBI change from being a loosely inflation-focused central bank to one that formally targets CPI inflation.

The Constitution (122nd Amendment) Bill, 2014 was approved by the Upper House with 203 votes in favour and none against, after a seven-hour debate during which a rare bonhomie was witnessed among the ruling and the opposition parties.

The Indian rupee opened flat at 67.04 per dollar against previous close 67.04.

Brokers said apart from profit-booking in recent gainers, disappointing earnings by some companies and a mixed trend in other Asian markets, influenced trading sentiment.

A sharp overnight rebound in dollar value on the back of buoyant macro cues also added to the downward pressure.

Buying activity gathered momentum after RIL, operator of the world's largest single location refinery complex, reported a 18 per cent jump in June quarter net profit, brokers said.

About 1000 shares have advanced, 1681 shares declined, and 197 shares are unchanged.

Assocham said it expects several new measures and decisions in the coming days and weeks, including announcement of new the RBI Governor to further boost investor confidence in the Indian economy.

About 1559 shares have advanced, 1157 shares declined, and 139 shares are unchanged.

The Reserve Bank of India (RBI) has said that the 7th Pay Commission burden could increase the pressure by up to 1.50% over the next two years.

Rajan said that in the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals but we need to stay on the path of "sound domestic policies and structural reforms".

The celebrations this year of gay pride along with mourning for the recent Orlando massacre in New York saw a thousands marched through the city in a parade.

Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar, a forex dealer said.

The rupee hovered in a range of 67.4325 and 67.63 per dollar during the day.