Business

About 70 per cent of jewellery sales takes place in the rural markets and good monsoon plays a vital role.

Maruti Suzuki India had declared a lockout at the Manesar plant on July 21 following violence by its employees.

The first quarter GDP growth was the slowest in nine years and the second quarter is likely to witness a similar fate.

The IIP figure for the month of May, however, has been revised slightly higher to 2.5 per cent from 2.4 per cent.

Index heavyweight Reliance Industries cut gains to 0.9 per cent from 2 per cent on profit booking.

One of the lessors has sent a legal notice to AAI for not passing the releasing order.

The aircraft were scheduled to be delivered between September 2008 and October 2011, but due to certain issues the deliveries were delayed.

The coal major would meet 65 per cent of the supplies from domestic sources and would import 15 per cent.

In line with global stocks, Indian shares tanked with the BSE benchmark index opening 60 points lower.

S&P said it had downgraded the Luxembourg-based company because it felt the steel industry was continuing to weaken.

The bank, which cut its home loan rates on Wednesday by up to 0.60 per cent, was earlier targeting a 25 per cent growth.

SBI has reduced interest rate on home loans of up to Rs 30 lakh to 10.25 per cent from existing 10.50 per cent.

The key infrastructure sectors had grown 5.6 per cent in the same month last year.

The BSE Sensex rebounded quite nicely in the last couple of hours of trade following stability in global markets.

In 2010, China topped the list with shipment growth rate of 28.4 per cent, while India recorded an increase of 22 per cent.

The domestic currency has fallen past the 56-level against the dollar after June 29.