Briefly Business: Sensex bounces back from 2013 lows

Sensex bounces back from 2013 lows

Mumbai: The BSE benchmark Sensex on Monday rebounded from the calendar year's lowest levels to close 33 points up at 19,501.08 on the back of buying in HDFC, L&T, HUL and SBI shares. After two days of losses, the 30-share index touched an intra-day low of 19,462.92 but then progressed upwards to end at 19,501.08.

Rupee recovers after hitting 1-month low

mumbai: After touching one-month low level, the rupee on Monday recovered to end four paise higher at 54.18 on late dollar-selling and capital inflows. The rupee resumed lower at 54.43 per dollar as against the last weekend's level of 54.22 at the Interbank Forex market. However, it recovered afterwards to 54.15 before ending at 54.18, up 4 paise.

PE firms invest $1.01 bn in Oct-Dec: PwC

New Delhi: Private equity firms invested $1,010 million in India, down 32 per cent, during October-December, says a PwC survey. According to the report, PE firms invested $1.01 billion in 82 deals during the fourth quarter of 2012, a decline of 32 per cent from Q4, 2011 both in value and volume of deals.

Ex-KPMG India CEO joins Price Waterhouse

New delhi: PwC has announced that Russell Parera is joining Price Waterhouse, one of the PW India Network firms. Russell will lead client service to selected clients in India and also lead the Assurance Markets and Industries initiative in the PW India Network firms. Russell was previously the CEO of KPMG India. He will be based in Mumbai.

Shale gas policy in one month: Moily

Bangalore: India will unveil a shale gas exploration policy in a month as it looks to exploit unconventional hydrocarbon resource to meet its growing energy needs, oil minister M Veerappa Moily said.

New banking licence norms soon: Sinha

Mumbai: The Reserve Bank is likely to come out with the final guidelines for new bank licences much before the end of the fiscal as its consultation process with the finance ministry is over, RBI Deputy Governor Anand Sinha said here on Monday.

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