Business

Given the strong performance, the company has announced a dividend for the first time in 16 years.

Mumbai-based HDFC Bank said its net profit rose to Rs 18.9 billion in the quarter ended in March from about Rs 14.53 billion a year earlier.

The panel said the economy probably grew 5 per cent in the fiscal year 2012/13, its slowest pace in a decade.

IMF said that emerging markets face the risk of avoiding potential financial excesses and they should rebuild macroeconomic policy space.

Covering-up by speculators who had created huge short positions, also helped gold to trade higher at futures trade.

Without assigning any reason, Justice Dave, who was part of the bench headed by CJI Altamas Kabir, opted out of hearing the pleas.

The company commands a market value of Rs 2,85,597 crore -- the highest for any listed firm in the country.

Special CBI court accepted their bonds till the next date of hearing and posted the matter for further proceedings on April 22.

A bench headed by Chief Justice Altamas Kabir said it was extending its order of postponing the hearing against them in the Special CBI court which will take up the matter on April 22.

Infosys shares were down 2.9 per cent as of 10.08 am after earlier falling to its lowest since October 5, 2012.

The proposal came after a terrorist outfit threatened to harm Ambani for 'supporting Narendra Modi and investing in Gujarat'.

Roy had filed a petition against market regulator Sebi's attachment order on his bank accounts and other assets.

Sebi had said that if he failed to appear, it would issue orders for the attachment and sale of Sahara's assets.

The Mumbai Economic Offences Wing probe will focus on whether Sahara is intimidating investors.

The BSE benchmark Sensex fell by 66.26 points, or 0.34 per cent, at 18,974.69 in early trade on Wednesday.

The Finance Ministry has also asked the banks to ensure that the amount written off by banks as bad loans does not exceed the cash recovery made during the year.