Business

Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.

Tech Mahindra is the third applicant to abandon the plan to set up payments bank after Cholamandalam which quit in April and Dilip Shanghvi-IDFC Bank-Telenor combine last Friday.

"Our economy is agriculture based. Therefore, we should focus on small and medium agro-based projects," Rajan said.

Mallya, who left the country following an uproar over the Rs 9,000 crore default by KFA on bank loans, is facing a non-bailable warrant by a court in India.

"The matter is being further examined by the RBI to put in place a regulatory framework for addressing customer grievance and liability issues arising out of such frauds," Minister of State for Finance Jayant Sinha said during the Question Hour in the Raj...

The presentation was made on the status of implementation of reports of 'Group of Secretaries' formed by the Modi government.

"Consequent upon a High Court order passed in favour of the company, the company will soon resume manufacturing of cigarettes at its factories," ITC said.

A positive trend in equity market also boosted the sentiment as the Sensex ended higher by another 123.43 points or 0.49 per cent for the second straight day on Tuesday.

Lenders to the long-defunct Kingfisher Airlines are likely to press for a better offer on payment of dues from its promoter Vijay Mallya.

While government permitted 100% FDI in marketplace e-retailing, guidelines said such entities will not influence the sale price.