Business

The GVK group-run Mumbai airport has become the world's busiest amongst the single-runway facilities by handling 837 flights a day.

"Before policy decisions, the expert analysis is often illuminating. But once the decisions are taken, it is truly striking how the tune and tone of the analysis changes. Analysts fall over backwards to rationalise the official decision," he said.

The specialty chemical product represents a downstream value addition to Tata Chemicals' soda ash business, where it ranks among the top manufacturers globally.

Noting that this position is based on the information furnished, Sebi said, "different facts or conditions might lead to a different result".

Leading bankers on Friday welcomed the NPA ordinance that amends the Banking Regulation Act and gives more powers to RBI to direct banks on resolution of stressed assets to speed up the recovery process.

Automobile company General Motors India on Thursday said that it will accept new applications for a separation scheme from employees who have been impacted by the decision to cease manufacturing at the company's Halol plant in Gujarat.

The move was being stalled by the early investors as they valued the company at its peak value of $6.5 billion.

The 30-share index opened strong and shuttled between 29,453.06 and 29,341.68 during the session.

The government's weather office on Tuesday forecast a normal monsoon during the June-September period, which is expected to give a leg up to the rural economy.

The 30-share index rose over 267 points in morning trade and shot up to 29,701.19, but later lost momentum to hit the day's low of 29,286.38. It finally ended 94.56 points, or 0.32 per cent lower at 29,319.10

Shares of RIL rose by over 1 percent to a multi-year high of Rs 1,410 on BSE. The scrip of TCS gained 0.77 per cent to Rs 2,338.95, PTI reported.

Forex dealers said weakness in the dollar against its key rivals overseas gave some support to the rupee.

With 100 million new internet users every year, Amazon is betting big on India, but a major new investment in homegrown rival Flipkart means the battle to dominate the fast-growing e-commerce market is set to heat up.

The gauge had lost 144.87 points in the previous session.

No deadline has been set for the introduction of Sharia or interest-free banking in India, the Reserve Bank of India (RBI) has said.

After three failed attempts, absconding liquor baron Vijay Mallya's famous Kingfisher Villa has been sold to actor-businessman Sachiin Joshi in an auction.