Business

Japan is ready to "take appropriate measures," if necessary, to quell volatility in the financial markets, a top government spokesman said on Tuesday.

Gold hovered below a seven-week high on Tuesday as equity markets and the U.S. dollar rebounded from a brutal selloff in the prior session that was fuelled by fears over the fate of the Chinese economy.

Both public and private companies would have to follow the secretarial standards which became effective from July 1, the Institute of Company Secretaries of India (ICSI) said on Saturday.

Coal India, GAIL, Cipla, Vedanta and Lupin were among laggards.

Declining for the sixth consecutive session, the rupee tumbled by 59 paise to nearly 2-year low at 64.78 against the US dollar.

Market regulator Sebi has barred Skymarg Agro Industries (SMAIIL) from the securities market for allegedly violating public issue norms.

Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.

The rupee strengthened by 6 paise to 63.85 against the dollar in early trade on Wednesday on increased selling of the US currency by exporters and banks amid firm domestic equity markets.

To soothe nerves of jittery foreign investors after an SIT on black money suggested stricter norms for P-Notes, the Government on Monday said it will not take any "knee-jerk" reaction that will will adversely impact country's investment climate.

The Sensex is down 161.11 points or 0.6 percent at 27951.20 and the Nifty is down 49.45 points or 0.6 percent at 8472.10. About 469 shares have advanced, 442 shares declined, and 91 shares are unchanged.

To protest against the VAT hike on petroleum products in the state, all petrol pumps in Uttar Pradesh will remain closed for six hours on Tuesday.

While more than 900 entities have been banned from capital markets by the Securities and Exchange Board of India (Sebi), it has also referred these cases to the Income Tax Department for further investigations.

Markets regulator Sebi on Friday barred two firms Siyaram Development and Construction and Swasata Steel Industries as well as their directors from raising money from investors.

The dollar strengthened against major world currencies which impacted the rupee sentiments, dealers said.

The growth in the first two months of the fiscal was 3 per cent as against 4.6 in April-May of 2014-15.

Also, the NSE Nifty was up 34.65 points, or 0.42 per cent, at 8,353.05 in early trade.