Business

Marking a significant improvement, India has been ranked at the 130th position among 189 economies in the World Bank's 'Doing Business 2016' report.

Brokers said that apart from profit-booking in blue-chips after recent gains, caution ahead of earnings announcement from key corporates and further weakening of the rupee against the dollar took its toll.

The dollar declined against a basket of currencies to 94.88, down 0.05%.

Sluggish rise in new business inflows and a cautious approach to costs reportedly led Indian manufacturers to shed jobs in September.

The 30-share index rose by 265.94 points, or 1.03 per cent, at 26,044.60 with all sectoral indices, led by metal, realty and banking, trading higher by up to 2.12 per cent.

The 5 Indians in the coveted list are Dhivya Surayadevera, Vas Narasimhan, Anand Swaminathan, Apoorva Mehta and Reshma Saujani. Vas Narasimhan, ranked 7th, works at Novartis, the giant Swiss pharmaceutical company, and runs one of the industry's largest d...

Contracting for the ninth month in a row, India's exports plunged 20.66 per cent in August to $ 21.26 billion, widening the trade deficit.

The domestic currency had gained 41 paise, or 0.62 per cent, in last two trading sessions.

A stock market crash since June and slowing growth has hurt the wealthy in China.

Oil prices extended losses in Asia on Wednesday as dealers digested weak US and Chinese manufacturing data, while expectations of a bearish US stockpiles report also weighed, analysts said.

The rupee also fell, hitting its weakest since early September 2013.

Hong Kong's benchmark fell 5.17 per cent, or 1,158.05 points to finish the day at 21251.57 -- its lowest point since May 2014.

As stocks and rupee hit new lows, Reserve Bank Governor Raghuram Rajan today allayed fears citing strong macroeconomic fundamentals of the country which are much better than many others.