Business

The Sensex ended the day at 19041, down 102 points over its previous close, after touching a low of 18969.

Apollo Pharmacy had on Friday issued a cautionary advisory against Ranbaxy drugs and had temporarily suspended their sale.

The firm has said till proven guilty, "no individual or organisation" can be held guilty and investigations were still on in both the countries in the case.

"We do not target an exchange rate band. And I believe that our actions or inactions have been consistent with our policy," he said.

The RBI said the companies which would be eligible to apply must have a public shareholding of at least 51 per cent.

The eight proposals which were deferred by the FIPB include that of Norway-based Telenor Mobile Communication to increase foreign equity from 49 pc to 74 pc.

The annual list of 'Heroes of Philanthropy', compiled by Forbes Asia magazine, features a total of 48 persons from the the Asia-Pacific region.

The size and funding of the current account deficit in FY14 was likely to remain a key concern for the Reserve Bank of India.

Idea Cellular allegedly disobeyed the HC's earlier order by providing 3G services to new customers in circles where it lacked requisite licences.

Dealers attributed the rupee's fall to dollar gains against other currencies overseas.

Four of the seven external members wanted the RBI to hold its repo rate at 7.50 per cent, citing concern over India's high current account and fiscal deficits.

The BSE Sensex slipped by 365 points to 19,697.44 points during the intra-day trade.

Tech Mahindra said its March-quarter consolidated net profit rose 24.4 per cent.

Tumblr, founded in 2007 by its CEO David Karp, presumably would become a pivotal part of Yahoo CEO Marissa Mayer's effort to sell more advertising.

Infosys is already facing tax demands worth $ 214 million for fiscal 2005 to fiscal 2008.

A host of challenges being faced by the I-T department like illegal chit fund companies, ponzi schemes among others are to be discussed during the meet.