Business

Finance Minister Arun Jaitley said this was done to provide an impetus to domestic stainless steel industry.

The Sweden-headquartered company, founded in 1943, is one of the world's largest retailers in furniture, household goods and textiles.

Texmaco Rail & Engineering Ltd zoomed 7.69 per cent, while Titagarh Wagons rose by 4.98 per cent on the BSE.

BSE had cancelled all orders placed before the network outage affected the markets.

UBI was the first among other banks in the country to take such a stern step against the grounded airline. The bank's exposure to Kingfisher Airlines was around Rs 350 crore.

As per the revised fares, a Rs 85 monthly season ticket (II Class) will cost Rs 150, while a Rs 190 monthly pass will cost Rs 480.

The Telecom Ministry has sought additional funds of Rs 6,997 crore in the budget for various projects that are to be rolled out during the current financial year.

The rupee resumed higher at 60.06 per dollar as against the last closing level of 60.39 per dollar at the Interbank Foreign Exchange (Forex).

There are now fears that the insurgency could spread to the south where most of Iraq's oil infrastructure is located.

Bain alleges that it invested $60 million in Lilliput for a non-controlling 30.99 pc stake, based on statements that EY had audited.

AirAsia India's inaugural flight takes off from Bangalore's Kempegowda International Airport for Goa at around 3 pm.

AirAsia India's maiden flight takes off from Bangalore to Goa at 1510 hours on Thursday.

This was its fourth successive positive closing. The gauge had gained nearly 775 points in the previous three days.

The list of top executives quitting Infosys Ltd grew longer with the exit of Prasad Thrikutam on Thursday.

The Sensex settled at 24,684.85 points, a rise of 467.51 points, or 1.93 per cent, the biggest gain since May 12.

AirAsia India had said their fares will be about 35 per cent lower than the current market rate.