Business

Rupee had gained 32 paise to close at a fresh two-month high of 61.07 against the dollar on Friday.

Mumbai: The Economic Offence Wing (EOW) of the Mumbai police on Wednesday arrested Amit Mukherjee, vice-president of crisis-hit National Spot Exchange (NSEL), in connection with the bourse's Rs 5,600 crore scam.

The previously unknown extent of Rizvi's involvement in Twitter comes as the eight-year-old company prepares for Silicon Valley's biggest coming-out-party since Facebook Inc in 2012.

Pilot said out of a total 800,000 companies in the country, around 15,000 companies in India will qualify for CSR activities.

While fresh capital outflows also weighed on the rupee, the local currency's decline was restricted by some weakness in the dollar overseas on concerns of a US budgetary impasse.

Telecom regulator TRAI in its recommendations has suggested up to 60 per cent cut in the floor price of mobile phone spectrum.

Hyderabad, housing some of the biggest IT brands in the world, has witnessed a slow down in recent years due to Telangana tussle.

Arun Thukral, Managing Director, CIBIL tells us why India's first credit information company is a friend of the consumer and not an enemy.

Raghuram Rajan was Chief Economic Advisor in the finance ministry under P Chidambaram.

India's CAD rose to an all time high of $88.2 billion or 4.8 per cent of the GDP in 2012-13.

Meanwhile, the BSE Sensex fell 590.05 points and ended at 17,968.08, while the Nifty slumped 189 points at 5287.45 on Tuesday.

SEBI has to recover about Rs 120 crore from more than 1,300 entities that have defaulted on payment of penalties imposed on them by the regulator.

The rupee appreciated and ended at 63.20 bouncing back from an all-time intra-day low of 65.56 on Thursday.

Deutsche Bank said in a report on Wednesday that some revival is expected in the currency by the end of the year.

The rupee slumped by 1.6 percent to 64.11 to the dollar, adding to its 2.3 percent rout on Monday.

The rally in precious metals sparked after rupee plunged to an all-time low of 61.65 against dollar.