Business

Post-Lok Sabha elections, which threw up a clear mandate, foreign direct investment in the country's real estate sector is expected to get a lift, resulting in amplification of fund flows and strengthening of the battered rupee

At the Interbank Foreign Exchange (Forex) market, the local currency commenced higher at 60.13 a dollar from last close of 60.20.

The rupee tumbled to its lowest level in nearly two months on Tuesday on the worsening geo-political crisis in Iraq.

Infosys will appoint Vishal Sikka as the Chief Executive Officer and Managing Director with effect from June 14.

Rajat Gupta, former Indian-American director of Goldman Sachs Group, has to report to prison on June 17 to begin his two-year sentence.

The rupee had touched its lifetime low of 68.85 against a US dollar in August last year, but has strengthened since then.

Growth in 2013-14 was less than the Central Statistics Office's advance estimate of 4.9 per cent.

Trade deficit for the quarter narrowed by about a third to $30.7 billion from $45.6 billion in the year-ago period.

A clear mandate for the BJP has rekindled hope for structural reforms and better investment climate and the country's growth is likely to accelerate to 6.5 per cent in Financial Year '16, a Goldman Sachs report said on Friday.

The position that "promoter is prosperous but company is sick" is not acceptable, the Chidambaram said.

The retail inflation, measured on consumer price index (CPI), was 8.31 per cent in March.

Bhave became SEBI Chairman in February 2008 and his three-year term ended in February 2011.

For the Jindals, Lucchini would give them an opportunity to accelerate an expansion of their operations outside of India.

At the Interbank Foreign Exchange market, the domestic currency resumed higher at 60.35 a dollar from last close of 60.42.

Lot of people believe that investing in a fixed deposit does not carry any risk.

The Nifty climbed 25.45 points to close at 6840.80 and the Sensex advanced 118.17 points to 22876.54.