Business

The BSE benchmark Sensex rose by 155.35 points, or 0.76 per cent, at 20,575.61 in early trade on Thursday.

The withdrawal by Tata Sons leaves over dozen applicants, including Anil Ambani Group, Aditya Birla Group, in the race for new bank licences.

India's leading software firm Tata Consultancy Services is likely to open its largest delivery centre at Adibatla at Hyderabad by early next fiscal.

India is likely to achieve an economic growth of between 5-5.5 per cent in this fiscal year, the finance minister said on Friday, despite wide expectations of growth slipping below 5 per cent by private economists.

The industry body cut its outlook for Indian demand in 2013 to around 900 tonnes from the 1,000 tonnes predicted previously, while keeping its forecast for China unchanged at 1,000 tonnes.

The rupee closed at 63.18 vs US dollar, up 71 paise. The rupee opened at 63.02 against US dollar. It was lower by 55 paise from the earlier close.

Sensex closed at 20,666.15, down 156.62 points. The BSE benchmark Sensex extended losses for the fourth straight session.

Indian rupee had opened flat at 62.40 per dollar on Thursday as against previous day's closing of 62.39 per dollar.

Goldman is the first brokerage to put such a high target for Nifty after Deutsche Bank upped its Sensex target for December 2013 to 22,000.

A benchmark index of the Indian equities markets rose 69 points in the special Muhurat session, led by good buying support in auto and gas stocks.

Sensex ended Samvat 2069 at 21,196.81, up 32.29 points on Friday. BSE Sensex hit an all-time high of 21,208 in the opening trade.

As of March 31, about 10,800 of Infosys employees in the US had H-1B visas, and 1,600 were on temporary L-1 visas, the company said.

The Reserve Bank of India said it expects inflation to remain near current elevated levels for the remainder of the fiscal year that ends in March, a day before it is forecast to raise its policy interest rate for the second consecutive review.

The BSE Sensex touched a high of 20,771.36 points and a low of 20,550.64 intra-day.

Rupee on Monday gained 6 paise to 61.40 against the dollar in early trade at the Interbank Foreign Exchange market after it ended flat on Friday.

In its private criminal complaint, BIAL has sought action for dishonest misappropriation of property, criminal breach of trust, cheating and criminal conspiracy.