Bharti Airtel Ltd, India's top telecommunications carrier, said on Friday it had bought out Qualcomm Inc's stake from a fourth-generation (4G) broadband joint venture in the country, taking full ownership of the business more than a year earlier than planned.
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Larsen & Toubro, India's largest infrastructure builder, reported a 7 percent rise in quarterly profit, beating analyst estimates, as it booked increased revenue despite a weak domestic economy.
Nokia said the freezing of the fixed assets would not have any impact on the day-to-day operations of the company.
New Reserve Bank of India chief makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4 per cent.
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The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.
The overheating of the oven during a July 24 flight from New Delhi to Kolkata did not cause a fire
Absolutely for customer investing over Rs 50,000 in any financial products.
The price offered is about a quarter of the value set by the govt in an auction that was scheduled for March 2013 but never took place.
The department has a network of more than 150,000 post offices across the country.
RBI has made it easier for developers to access foreign money to spur low-cost housing projects.
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The rupee had slumped to a record low of 59.9850 rupee to the dollar on Thursday, as the country's record high current account deficit is exacerbating its vulnerability in an emerging market rout.
Overall Indian companies issued guarantees worth $1.21 billion, extended loans worth $291 million and pumped in equities worth $319 million.
Heightened volatility makes the debt rollovers difficult.
The RBI said it had not found initial evidence of money laundering against the three banks.
Import duty on gold is already hiked by a third to 8 per cent.
The company had dent of about Rs 14,070 crore.
High current account deficit is leading to the rupee weakening.
Monetary policy committee had recommended no change in the key rate.
Economic gloom and rising ownership costs have savaged sales.
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