Business

The IMF expects India's consumer price index to remain near double digits well into next year driven by food prices.

The Indian economy is much more resilient to external shocks now than was last year, a top IMF official has said, attributing this to a series of administrative decisions and policy measures taken by the Union Government.

The hike proposed is 8.96 per cent compared to the revised estimate of Rs 61,857 crore in 2013-14.

For the US, the outlook was beginning to improve despite some weakness in the jobs data but there are still some important underlying concerns.

The sensex resumed higher at 20,449.83 and hovered in a a range of 20,506.51 and 20,429.83 before quoting at 20,498.34 at 10:30 AM.

Grounded Kingfisher Airlines, which has not flown in more than a year, reported yet another quarterly loss as it had no income from operations.

The RBI Governor said his joining the IMF and coming back to India as Chief Economic Advisor in 2012 had a fair role of serendipity.

The support of the Railway Ministry would come provided the state governments extend its full cooperation.

The Delhi State Consumer Disputes Redressal Commission said the airline "violated the basic courteous behaviour."

At the Interbank Foreign Exchange (Forex) market, the local unit resumed strong at 62.28 a dollar from last close of 62.51.

Maruti shares with a 7 per cent spurt led the 14 Sensex gainers which included Infosys, Bhel and Hero MotoCorp.

Most employees at JPMorgan did not get pay increases for 2013 because profits declined as a result of high legal bills.

The rupee fell to a near two-month low on Friday as weak China data led to a sell-off in emerging market assets.

The rupee fell marginally on Monday, hurt by broad gains globally in the dollar, but strong foreign fund inflows into domestic bonds prevented broader losses.

The national carrier is estimating a loss of Rs 3,900 crore in 2013-14, though it is down from Rs 5,200 crore reported in 2012-13 and Rs 7,560 crore posted the year before.

Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country's lucrative multi-brand retail market with a new partner.