Business

The CRR, the amount of deposits banks are required to keep with RBI in cash, has been reduced to 5.5 pc from 6 pc with effect from Jan 28.

The No. 1 Internet search engine underperformed on both revenue and earnings in the fourth quarter.

The Nifty closed above an important psychological 5,000 mark - for the first time since December 7, 2011.

Bharti Airtel is fully compliant on all applicable income tax provisions, the company said in a statement.

The cash-strapped Kingfisher Airlines is having trouble making interest payments and paying salaries.

The foreign brands will have to, among other things, source 30 pc of their requirements locally.

IndiGo placed an order for 180 Airbus planes worth $16 billion last year in the biggest jet order in commercial aviation history.

Kingfisher's total employee cost dipped marginally by two per cent in the last fiscal 2010-11, to Rs 676 crore.

Reserve Bank of India Governor Duvvuri Subbarao said we could expect reversal of monetary tightening.

Index heavyweights Reliance Industries and L&T fell 1.65 per cent and 1.34 per cent, respectively.

The Nifty touched an intra-day low of 4,685.65, before closing down 44.70 points at 4,705.80.

It was a relief rally for the Sensex - shot up 3 per cent - on Wednesday after a big rout in last two weeks.

The Reserve Bank of India on Thursday reduced trading limits for banks in the foreign exchange market.

IMF Managing Director Christine Lagarde said outlook for the world economy is quite gloomy.

The Sensex recovered 240 points from day's low of 15,596.22, before closing at 15,836.47.

The transaction however does not change BNP's 33.5 per cent holding in Geojit BNP Paribas Financial Services.