Business

Faced with high premiums to secure scarce supplies of gold, relatives and guests at Indian weddings are having their old heirlooms melted down to be reused as traditional presents.

The local currency had lost 27 paise to close at 62.41 on Thursday due to month-end demand from oil importers for the US currency.

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

Ashutosh Raina of HDFC Bank feels dollar-rupee is stuck in a consolidation phase.

India's leading software firm Tata Consultancy Services is likely to open its largest delivery centre at Adibatla at Hyderabad by early next fiscal.

The dollar index was down 0.19 per cent against a basket of six major global currencies.

India today got its first all-woman bank, which will be universal in nature, with Prime Minister Manmohan Singh launching the Bharatiya Mahila Bank as a small step towards empowerment of women.

The settlement does not include trusts issued by Washington Mutual, which JPMorgan also acquired.

The BSE, NSE, Forex and Money markets will remain closed on Monday, November 4, 2013, for "Diwali-Balipratipada".

The Income Tax office issued the company a notice for under-reporting revenue for fiscal 2009 by the Indian unit.

The court said Sahara will have to hand over title deeds of properties within 3 weeks and a failure to comply with it will ensure restrictions.

The Sensex rose on to mark a record closing high as state-run lenders such as SBI rallied on hopes of stabilising asset quality and attractive valuations.

BSE Sensex went over 60 points up and Nifty went over 20 points up after RBI chief Raghuram Rajan announced policy measures on Tuesday.

In India's biggest bullion market, Mumbai's Zaveri Bazaar, gold dealers are busy - not filling orders for customers, but busy avoiding phone calls because they don't have any gold to sell.

Chanda Kochhar has moved up one position from her fifth position on the 2012 list, while NSE's Ramkrishna has made it to the list for the first time.

London: Mining group Vedanta has asked shareholders to renew their backing for an offer of up to $3.48 billion to buy government minority stakes in two of its subsidiaries, as it seeks to streamline its structure.