Business

RBI hiked lending (repo) and borrowing (reverse repo) rates by 50 basis points.

In the previous trading session, shares of RIL settled over 1 per cent higher on the stock exchanges.

Consolidated revenues went up over 3 per cent to Rs 8,564 crore from Rs 8,302.4 crore quarter-on-quarter.

The country's second largest software exporter currently has over 1.33 lakh employees.

The BSE Sensex emerged from 4-month lows on Tuesday, gaining 54 points at 17,560.

In Europe the FTS Euro first 300 index closed down 0.42 per cent at 1,084.47, the lowest close since mid-March.

Barring any settlements, a trial between Oracle and Google is expected to begin by November 2011.

Infosys Chairman NR Narayana Murthy was given a standing ovation at his address on the company's 30th AGM.

Foreign Direct Investments into the country had fallen to USD 19.43 billion (Rs 88,520 crore) in 2010-11.

Sun TV settled 7.20 per cent higher at Rs 303.85 on the Bombay Stock Exchange (BSE).

Shares in broadcaster Sun TV fell more than 31 per cent on Thursday.

Economic growth improved due to better farm output and construction activities and financial services performance.

Speculations are rife that Ambani would announce the plans for RIL at its AGM on June 3.

An equivalent steep increase in petrol rates is also on card.

Infosys is accused of importing foreign workers into the US as B-1 business visitors.

The Planning Commission Deputy Chairman says farm sector will make up for the shortfall in the industrial output.