Business

TCS in mid-April posted a 48.2 per cent jump in net profit at Rs 5,358 crore for the fourth quarter of 2013-14 fiscal.

Sensex crosses 25000, gains more than 1100 points. The Nifty up 301.90 points or 4.24 percent at 7425.05.

Extending its rising streak, the rupee appreciated by 41 paise to trade at fresh 10-month high of 58.88 against the dollar in early trade on Friday on foreign capital inflows on expectations of stable government at the Centre.

During the April-March period of 2013-14, the sector's output contracted 0.8 per cent compared with 1.3 per cent growth previously.

"The Declaration recognises that investments kept offshore by taxpayers should not go untaxed," Chidambaram said.

RIL counsel Harish Salve said, "There is nothing to be agreed upon now, we would not like to wait for the new government to see if the matter can be resolved."

Federation of Indian Airlines had filed a plea challenging the grant of license to AirAsia's Indian venture.

The rupee unit resumed slightly lower at 60.09 per dollar as against the last closing level of 60.07 at the Interbank Foreign Exchange (Forex) Market on initial dollar demand from banks and importers.

For clearing and settlement of each transactions, banks will have to pay 40 per cent lower fees in RuPay platform compared to other international platforms.

"We have arrested Jignesh Shah for his involvement in the NSEL scam," EoW sources said.

This offer is valid for travel across all classes - suites, business and economy class.

KM Mammen from Webster Foundation, Arun Kochhar from Urvashi Foundation and Ashok Jaipuria from Raj Foundation have been named.

At the Interbank Foreign Exchange market, the domestic currency resumed higher at 60.35 a dollar from last close of 60.42.

Suri, 46, until now led Nokia Solutions and Networks, the smaller network equipment unit of Nokia when the company still made mobile phones.

IOC, the country's top refiner, has put off any hike in diesel prices due to elections that began on April 7.

Manufacturing, which constitutes over 75 per cent of the index, declined 3.7 per cent in February.