MUMBAI: In line with the recovery in local equities, the Indian rupee today washed out early losses and closed up by seven paise at over two-week high of 60.06 against the greenback.

Fresh dollar selling by exporters too aided the rupee rise while a firm dollar overseas capped the rupee rise.

MUMBAI: The benchmark BSE Sensex declined by over 33 points in early trade today as participants indulged in reducing their positions ahead of monthly expiry in the derivatives segment.

The 30-share barometer, which had gained 96.19 points in yesterday's trade, slipped by 33.59 points, or 0.13 per cent, to 26,053.83 with IT, banking, realty, teck and power stocks leading the fall.

As many as 128 companies within the Standard & Poor’s 500 universe command a market value that is higher than the combined market-cap of all listed Tata Group entities.

This list of global companies is dominated by seven technology giants including Apple, Google, Microsoft, IBM, Facebook, Oracle and Intel.

Last week, Tata Consultancy Services (TCS) crossed the Rs 5 lakh crore market capitalisation mark. So, is this the time to buy into this technology fairy-tale story, or should one wait for a correction? Market experts seem positive on the stock. Of the last 20 expert views on the stock this month, nine have given a 'buy' rating, four say 'prefer', 'hold or 'stay invested' and three say 'accumulate'. Two others gave the stock a 'neutral' rating and one said 'reduce'. Many of these reports came out after the company announced its earnings.

ITC is ready to enter the e-cigarettes business, but intellectual property rights (IPR) issues are coming in the way, said ITC chairman Y C Deveshwar.

“We are in all readiness as far as e-cigarettes are concerned but there are some IPR issues. There is a new government now and we would like to engage with the authorities on the matter,” he said while replying to a question during a press conference.

Infosys’ Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company’s shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.

Reliance Industries Ltd (RIL), India's largest private-sector company, is open to offloading up to 30 per cent stake in its telecom venture, Reliance Jio, to a global strategic partner - a move to unlock value. But the stake sale will be done only after the telecom company has acquired a sizeable customer base.

RIL has already spent close to Rs 33,000 crore in its telecom venture, expected to be launched early next year.

NEW DELHI: Calling for a "lab to land" approach to increase farm productivity, Prime Minister Narendra Modi on Tuesday asked agricultural scientists to disseminate technologies to farmers in simple and acceptable manner and make "per drop, more crop" a mantra to promote farming through optimum utilization of water.

"We have to find ways to produce more on less land and in less time without any quality erosion," Modi said while addressing a gathering of scientists on the occasion of 86th foundation day of Indian Council of Agricultural Research (ICAR).

BSE Sensex fell over 61 points in early trade today on selling by funds and retail investors ahead of monthly expiry in the derivatives segment amidst lower-than expected corporate earnings by some firms.

The 30-share barometer, which had lost 280.62 points in the previous two sessions, moved down by another 61.40 points, or 0.29 per cent, to 25,929.83 with capital goods, realty, metal and healthcare stocks leading the fall.

The overall worth of open offers for public shareholders hit a one-year high of Rs 12,549 crore in June, almost entirely on account of a mega offer by global liquor giant Diageo Plc to acquire stake in United Spirits.

As per Sebi's latest monthly report, the market regulator approved a total of 8 open offers for shares worth Rs 12,549 crore in June, 2014. This is the highest value for open offers made for a month after Rs 29,242 crore recorded in June, 2013.

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