Business

Energy tycoon and Reliance Industries Chairman Mukesh Ambani is India's richest man with personal assets of $18.9 billion, a report says.

The BSE benchmark Sensex recovered by 80.66 points, or 0.39 per cent, to 20,848.54 in early trade on Thursday.

The rupee fell to a near one-week low on Tuesday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of US nonfarm payroll data.

Sinha will now be taken to the office of the Joint Commissioner of Police- EOW, where he is likely to be interrogated further.

HCL relies heavily on contracts to manage data centres and networks for revenue growth.

The US Congress had passed the legislation earlier on Thursday to reopen federal agencies and to avoid a default on government debt.

Tata Consultancy Services beat analyst estimates as the industry benefited from a record haul of new contracts.

The dollar was up 0.40 per cent against six major global rivals.

The Reserve Bank of India (RBI) will soon come out with new rules for the entry of foreign banks that may even allow them to take over Indian banks, RBI Governor Raghuram Rajan has said.

After a lower start at 19,826.96, the Sensex recovered to hit the day's high of 20271.72 and finally closed at 20,249.26.

Gainers were led by Bharti Airtel, ICICI Bank, Infosys, ITC, Jindal Steel, L&T, NTPC and ONGC.

The rupee opened on a flat note on Wednesday at 62.76 per dollar versus 62.75 on Tuesday.

The Sensex fell as much as 595.21 points before ending 382.93 points lower, or 1.85 per cent, to 20,263.71.

Edgy global stocks ahead of US retail sales and consumer confidence data that may influence stimulus tapering also affected domestic markets.

The manufacturing sector, which constitutes about 76 per cent of industrial production, rose 3.0 per cent from a year earlier.

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