Business

RIL had in the January 6 given the Government 90 days to reach an 'amicable settlement' over the pricing of gas.

However, the Kalanidhi Maran-run budget airline was able to raise revenue per seat by 9.5 per cent to Rs 3,812 a seat.

Infosys shares closed 0.95 per cent higher at 2,783.25 rupees in a strong Mumbai market.

There are well-defined principles on the basis of which the review petition can be admitted, Khaitan & Co partner Asim Abbas said.

The rupee was at 49.27/28 to the dollar after touching 49.26, a level not seen since November 8.

The Nifty closed tad below the 5200 mark while the Sensex rallied over 17000 level quite smartly.

Index heavyweights L&T, SBI, ICICI Bank and Reliance Industries were the main drivers on Tuesday.

The Government is concerned over revenue implications of the Supreme Court judgement on the Vodafone case.

Reliance Industries on Friday reported a 13.6 per cent drop in net profit to Rs 4,440 crore for the third quarter.

The payments, which the department said are to be made immediately, are in connection with its overseas operations.

Oil firms stated that India is surplus in jet fuel and exports half of its production annually.

Sensex was up 10.77 points, to close at 16,175.86 and Nifty rose 11.40 points, to end at 4,860.95.

This is the first time in almost six years that food inflation has shown a decline on an annual basis.

The Sensex was down 56.72 points, to close at 15,882.64 and the Nifty fell 15.65 points, to end at 4,749.65.

The aid to the cash-strapped airline is a part of the government's 12th Five Year Plan

TCS is the first private-sector company to overtake Reliance in market value.