Business

As many as 13,174 BTSs would be installed during 2013-14, according to the data.

Sensex surged 98 points on persistent buying in auto, metal, consumer durable and refinery sectors on hopes of easing of monetary policy by RBI next month.

RBI has kept key borrowing rate at 8 per cent since April, defying calls from business and politicians to do more to cushion the economy.

A stake in Jet would strengthen Etihad's control over Middle East routes, but Kingfisher would be cheaper for the Gulf carrier.

Of 41 analysts polled, 37 expect the RBI to keep the policy repo rate unchanged at 8 per cent in December.

Tata Consultancy Services provisionally fell 3 per cent, while Infosys ended 0.9 per cent lower.

Extending its previous four sessions loss of 132 points, the gauge dropped 0.65 per cent to close at 19,229.26 points.

The government aims to secure $5.5 billion in the current fiscal year ending next March by divesting stakes in state companies.

The RBI is also planning to allow a repo in certificate of deposits issued by banks and commercial papers by corporates.

The RBI said banks would be responsible for direct losses incurred by a cardholder due to system malfunctions.

Lax money laundering controls at HSBC allowed two cartels - in Mexico and Colombia - to move $881 million in drug proceeds over the second half of the last decade.

Mahindra and Mahindra was the top gainer on the Nifty today, after reports suggested that the auto major is looking to raise vehicle prices by over a per cent.

The investments will be in consumer goods manufacturing, hotels, expansion of existing projects and IT," an ITC spokesperson said.

Imports grew by 6.35 per cent to $41.5 billion in November, leaving a trade deficit of $19.28 billion.

The department had sent an order to Kingfisher that seven aircraft will be impounded as it defaulted on Rs 200 cr dues.

Great Wall Motor, which sent a delegation to India last week, is targeting 2016 to start manufacturing in India.