Business

"From 4.7 per cent growth in the last fiscal, the Indian economy grew by 5.7 per cent in Q1 of the current financial year 2014-15," Finance Secretary Arvind Mayaram said.

The guidelines allow issuance of shares subject to certain conditions like entry route, sectoral cap, pricing guidelines.

The August WPI inflation is the lowest since October 2009 when it stood at 1.8 per cent.

The final guidelines on small and payments banks are expected in the next 2-3 months, sources said.

British brokerage Barclays said that it expects India's foreign currency ratings to move to the 'BBB' level from the current 'BBB-' by 2017.

Sensex on Thursday fell over 72 points to close below the 27,000 mark for the first time in nearly two weeks.

India's economic growth accelerated to 5.7 per cent in April-June quarter, much better than 4.7 per cent in the same quarter of previous fiscal.

For the Rs 599 offer, taxes and other fees and charges, barring fuel surcharge, would be additional, but the Rs 1,999 offer is all-inclusive.

The Income Tax Department has rationalised the norms for manual selection for scrutiny of tax returns to bring it in line with global best practices.

Mallya and Kingfisher Airlines have been declared wilful defaulters by the United Bank for not repaying a debt of Rs 350 crore.

This is rupee's lowest closing since 60.76 on August 16.

Crores of rupees go down the drain due to the lack of consistency in the services provided by brokers.

Recouping early losses, the Indian rupee on Wednesday closed six paise higher at almost a three-week high of 60.61 against the American unit on constant dollar.

The rupee rose by 45 paise, its best single-day gain in three months, to end at two-week high of 60.76 against the dollar on Thursday.

This will be the second reduction in rates this month.

This is its highest closing value since 60.84 versus US dollar on August 5.