Business

The event will be attended by Ban Ki-Moon, John Kerry and 50 CEOs of top Indian as well as international companies.

Rebounding from three-week lows, the benchmark Sensex on Thursday jumped 365.89 points to 27,274.71 and Nifty rose 132.50 points to 8,234.60 on value-based buying in bluechips amid positive global cues on strong US data and fresh Eurozone stimulus hopes.

Modi said banks need to be run professionally and assured them that there would be no interference.

Jaitley denied that his remarks were intended to pressure RBI Governor Raghuram Rajan, and had instead been meant to discuss the challenges facing the manufacturing sector.

The 30-share BSE Sensex advanced 7.81 points to 27403.54 while the 50-share NSE Nifty failed to close above the 8250 level, up 1.95 points at 8248.25.

The rupee had gained 50 paise to close at 63.11 against the dollar on Thursday, in line with strong recovery in stocks.

Imports of the precious metal stood at US dollar 835.83 million in the same month in 2013.

Switzerland Ambassador said cooperation by Swiss authorities cannot take place on the basis of stolen lists of account holders.

India Inc and many political leaders have long been demanding a rate cut as growth has been trending down.

After opening weak, the rupee hit a fresh nine-month low of 62.25 against US dollar as traders reacted to government easing curbs on gold imports and economic growth for second quarter coming at a tepid 5.3 per cent.

The rupee was also under pressure after government data showed that fiscal deficit touched 89.6 per cent of the Budget Estimates for 2014-15 to cross Rs 4.75 lakh crore at the end of October.

Trading at a price of around Rs 105 November 21, the Rs 10 face value script had a steep fall to Rs 95.35 on Tuesday and from then onwards the fall continued in a marginal way.

The manufacturing output, which constitutes over 75 per cent of the index, grew by 2.5 per cent in September, compared to 1.4 per cent in the same month a year ago.

Jaitley envisages the GDP growth to cross 6 per cent in 2015-16 once the effect of all the steps proposed kicks in.

Dutch lender ING Groep NV owns roughly a 43 per cent stake in ING Vysya.

The SEBI has taken a series of actions this year to crack down on insider trading in a bid to boost investor confidence in Indian capital markets.