Business

The Supreme Court on Monday held that the plea against Subrata Roy for allegedly interfering with the probe in 2G scam is maintainable, in more trouble to Sahara Chief who is facing the heat of the court for not refunding investors' money.

Gold prices fell by Rs 465 to Rs 30,785 per 10 gram in the national capital on Friday.

An expansion in farm output and some infrastructure helped the economy recover slightly in the September quarter, but growth still hovered close to decade lows, tempering hopes of a sustained rebound ahead of elections due next year.

The benchmark BSE Sensex gained 0.56 per cent, while the broader Nifty ended higher 0.57 per cent.

Among the 30-share Sensex, 16 stocks including Infosys, Bharti Airtel and RIL, fell. However, Tata Motors, ITC and ONGC led 13 gainers.

Tax rates for companies in India are among the highest in the world and the number of payments is also more than the global average, putting the country at a low 158th rank on the 'Paying Taxes 2014' list.

When it comes to investments, the US, France and Japan have emerged as "top three investors likely to invest in India".

Those whose net worth eroded due to factors such as economic uncertainty, policy changes and, in some cases, sheer bad luck.

The Sensex added 205.02 points or 1.02 percent to end at 20399.42. The Nifty closed at at 6056.15, up 66.55 points.

Banks which had rallied in recent weeks saw profit-taking after initial gains.

US authorities have been investigating Infosys' use of visas since 2011.

The RBI on Tuesday asked banks to charge customers for transaction SMS alerts on the basis of usage, instead of imposing a fixed fee, to ensure equity and be reasonable.

The appointment of Arundhati Bhattacharya as chairperson of State Bank of India Oct 7 signals her acumen with numbers.

The rupee fell for the second day amid volatility in the stock markets, dropping 25 paise to 61.52 against the dollar, on Monday, on persistent demand from importers and banks as the US currency strengthened overseas.

London-based HSBC said on Thursday it will exit its retail broking business in India, the latest global bank to scale back operations in the country.

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