RBI fixed the reference rate of the rupee at 66.7433 against the US dollar and 70.3074 for the euro.
Essar Steel has forayed into high-growth defence manufacturing sector by developing steel grades which find application in land and naval defence.
Public sector Indian Bank has revised its interest rates in foreign currency non-resident (banking) term deposits with immediate effect.
Drug major Lupin has launched generic version of Wyeth's Pristiq tablets, an anti-depressant drug, in the American market.
Micromax has come up with a new range of air-conditioners and is aiming to capture a market share of 10 per cent in the coming three years.
Economic and political systems in India have not developed maturity for nuanced interventions and tend to take recourse to bans and restrictions, Arvind Subramanian said.
The Indian auto and tractor sectors suffered a revenue loss of Rs 8,000 cr in November and December due to demonetisation, according to Mahindra & Mahindra.
The dollar index, which measures the greenback against a basket of six major currencies, climbed to 101.97 on Wednesday, its highest since Jan 11.
The GST Council has proposed to raise the peak tax rate to 20 per cent in the model goods and services tax Bill to preclude the requirement of approaching Parliament.