The 30-share index had plunged 1127.58 points, or 3.03 per cent, to hit an intra-day low of 35,993.64.
The government has raised the interest rates on small savings schemes by up to 0.4 per cent for the October-December quarter.
The RBI and the finance ministry seem to have reached a consensus on the need to hike key interest rates. Officials said the hike could be between a quarter per cent and half a per cent.
By Our Special Correspondent
By A Staff Reporter
North Block and the Reserve Bank may appoint a committee to examine the rise in bank charges in the wake of high court judgments and a spate of complaints in Parliament.
Eastern India is likely to garner a substantial part of the Rs 70,000-crore investments expected to be made by the winners of the ninth round of city gas distribution bidding
Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways amid its financial stress because of surging jet fuel prices and low fares, a source said.
Sanand - the home of Tata Motors' Nano after the company was forced to shift out of Bengal's Singur a decade ago - is now in the fast lane
The Delhi high court on Friday restrained Malvinder and Shivinder Singh, former promoters of Ranbaxy Laboratories, from operating their bank accounts in India or abroad and selling any property.
Sebi rule is likely to lead to the issue of bonds of around Rs 50,000 crore over five years, Crisil Ratings estimates.