Business

Persistent low inflation has caught the Fed by surprise and is "of great concern," Federal Reserve Chair Janet Yellen said.

Infosys's larger rival, Tata Consultancy Services announced its second quarter earnings last week, while others are slated to do so in the coming days.

Dhanteras, which falls 2 days before Diwali, is considered an auspicious day to purchase jewellery, especially gold.

Dealers said the dollar's gains against some other currencies overseas also impacted the domestic currency.

"The biggest gain for us is the rural network. It will also us help reduce cost of funds by 3-4 per cent," IndusInd Bank managing director and chief executive Ramesh Sobti said.

The World Bank, Jim Yong Kim said, has been working very closely with China on things like ensuring that some of the more distant regions in China are also getting access to social services and healthcare.

Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and the World Bank, also said that reforming the banking system is the top agenda of the government.

Other big movers include Lupin, Coal India, Cipla, M&M, Dr Reddy's, Sun Pharma and Reliance Industries, rising by up to 2.57 per cent.

Weinstein Co Board said that Harvey Weinstein was taking an indefinite leave of absence after the New York Times reported that he had made eight settlements with women who had accused him of unwanted physical contact.

The dollar losing sheen against other currencies overseas supported the local unit, traders said. A higher start in domestic equities added to the upside, they added.

According to the drugs major, it has received approval to market the tablets in strengths of 10 mg, 25 mg, 50 mg, 100 mg and 150 mg.

The US currency put on more lustre on increased demand from banks and importers. The renewed strength of the dollar overseas weighed on the rupee, forex dealers said.

Finance Minister Arun Jaitley, who is on a three-day visit to Bangladesh, inaugurated a cashless service at India's visa application centres in Dhaka's Shyamoli and Sylhet localties before announcing that it would now be available at all 12 Indianvisa app...

The reverse repo, at which RBI borrows from banks will continue to be at 5.75 per cent, it said at the fourth bi-monthly policy review.

Looking good for the third day, the 30-share index advanced 331.56 points, or 1.05 percent, to 31,615.28. Auto, metal, consumer durables and realty stocks hit a sweet spot.

Aviation turbine fuel (ATF) will now cost Rs 53,045 per kilolitre (kl) in Delhi, Rs 3,025 per kl more than Rs 50,020 previously, according to a price hike notification by Indian Oil Corp, the nation's biggest fuel retailer.