Business

The median estimate predicts a significant gain, despite a slump in the rupee currency to record lows and threats to India's investment-grade credit rating.

These changes were approved by the Department of Industrial policy and Promotion (DIPP) on April 10.

Gold added $2.45 an ounce to $1,576.85 having risen above $1,581 on Wednesday on bargain hunting.

The fall in the rupee has sent Indian gold prices soaring despite the weak global trend, limiting imports.

Ratan Tata was awarded by the Rockfeller Foundation for innovation in philantrophy.

Air India officials said Air India's entire international network of 27 stations would not only be fully restored, but expanded too.

Kingfisher has not been paying salaries to employees for the past four months besides defaulting on tax payments.

For the week, the rupee dropped a little over three per cent, to post its worst weekly decline against US dollar in nine months.

The CCI said the companies colluded to push prices higher by underutilising their plants.

SBI, PNB, Back of Baroda, Canara Bank, ICICI, Axis Bank are few of the affected entities.

Indian equities stayed higher for the second consecutive session after a disappointment by the RBI in first session of this week.

There are about 120 Executive pilots in Air India and they have been complaining of stress because of increased workload.

The RBI is widely expected to cut interest rates by at least 25 basis points and may also cut the cash reserve ratio.

The agency said on Friday that it sees Nokia's restructuring as necessary for it to return to profitability.

Krishna is confident of restoring investor confidence and regaining momentum and growth in India.

At 9.03 am, the rupee was at 55.78/80 to a dollar, compared to its 55.74/75 close.