Business

"Things are being worked out by the Finance Ministry and some announcements (restrictions) may come in a day or two," a source said.

The decline in Wholesale Price Index (WPI) based inflation from 2.38 per cent in September, follows the fall in retail inflation which hit a record low of 5.52 per cent in October.

Farmer aggregation and improved water irrigation systems can be the foundation for the expansion of Indian agriculture.

Among host of issues that pose a challenge to the revenue collection, official said, the FM would review the shortage of tax collection under Tax Deducted at Source (TDS) category.

The 30-share BSE Sensex rose 145.80 points to close at 26575.65 and the 50-share NSE Nifty climbed 48.35 points to 7927.75.

BJP leader Murali Manohar Joshi also said that there is a need for affordable, accessible and available finance for the sector from the banking sector.

The rupee resumed higher at 61.25 per dollar as against the last weekend's level of 61.35 at the Interbank Foreign Exchange (Forex) Market.

Former finance minister P Chidambaram has advocated against lifting of curbs on gold imports.

In the last 70 days since assuming office, Sikka has been engaging actively with partners, customers and employees.

Flipkart sent an apologising mail to customers for the discomfort their special sale offer created among the buyers.

Dr Reddy's Labs, Tata Power, M&M, Tata Motors and Wipro are top gainers in the Sensex.

The C-17 is the largest defence contract signed by the Indian government with the United States.

"India is expected to witness investments worth $12 billion in 2014 by private equity players, double than the amount invested by them last year," Indian Private Equity and Venture Capital Association (IVCA) President Arvind Mathur told PTI.

The session in which the market initially lost around 150 points, saw metal, healthcare and capital goods stocks lose.

"Jan Dhan is a good scheme, its target should be universal reach and not speed and numbers, " Raghuram Rajan said.

The rupee depreciated by 9 paise to 61.02 against the US dollar in early trade at the Interbank Foreign Exchange market.