Mumbai, May 22 - Sports channel 'Sony Six' has bagged the broadcast rights for the UEFA EURO 2016 across the Indian subcontinent and will telecast live all the 51 matches of the tournament. In what was a battle for one of the most illustrious international football competitions, the channel emerged as the winner for these rights and this would be its first entry into international football, the channel said in a statement.

New Delhi, May 22 - Fair trade regulator Competition Commission is examining the over Rs 2,000-crore deal between leading carrier Jet Airways and Abu Dhabi-based Etihad Airways. The Competition Commission of India (CCI) has received an application seeking approval for the proposed Jet-Etihad transaction. “We are looking into the deal,” a senior CCI official said.

Mumbai, May 22 - The rupee today recovered marginally by 6 paise to 55.35 against dollar at the Interbank Foreign Exchange on fresh selling of the US currency by exporters. Strengthening of the euro against the dollar in overseas market and a higher opening in the domestic equity market supported the rupee, dealers said.

Mumbai, May 22 - The BSE benchmark Sensex today rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues. The 30-share barometer gained 90.93 points, or 0.45 per cent, to 20,202.54 points.

Mumbai, May 21 - Chinese Premier Li Keqiang today visited TCS facility here and sought to assure Indian business houses that they will not "face any roadblocks" while investing in his country. Li was apprised of the USD-100 billion group's operations in China by top officials that included Tata Group Chairman Cyrus P Mistry.

Mumbai, May 21 - Precious gold rebounded sharply to regain the key psychological Rs 26,000 per 10 gm mark at the domestic bullion market today on emergence of heavy demand from stockists and traders amid robust seasonal off-take driven by buoyant overseas cues. Silver also shot up to reclaim the important Rs 44,000 per kg level on back of frantic speculative buying.

Mumbai, May 21 - Chinese Premier Li Keqiang, who undertook a visit of TCS facility here, was apprised of the USD 100 billion group's operations in his country by top officials that included Tata Group chairman Cyrus P Mistry. The Chinese entourage included Li, a battery of ministers and other senior officials, while the Tatas were represented by Mistry, TCS chief N Chandrasekaran and other senior Tata group officials.

Mumbai, May 21 - The rupee today hit nearly a six- month low of 55.41 by losing a staggering 30 paise, due to sustained dollar demand from importers and weak local equities, extending losses for the third straight session. The rupee resumed higher at 54.97 per dollar from previous close of 55.11 at the Interbank Foreign Exchange market.

Mumbai, May 21 - The stock market may see near-term headwind as 48 private companies are likely to raise USD 1.8 billion in the next two weeks to meet the deadline for meeting public shareholding norms, Bank of America Merrill Lynch (BoAML) said a report. Market regulator SEBI has mandated that all private companies should have at least 25 per cent public shareholding by June 30 and for PSUs 10 per cent by August this year.

Mumbai, May 21 - The BSE benchmark Sensex today fell by over 112 points to close at one-week low of 20,111.61, mainly due to profit booking in interest rate sensitive stocks, including realty, auto and banking. The 30-share index lost 112.37 points, or 0.56 per cent, to close at 20,111.61. It had lost 62 points yesterday. Similarly, the broad-based National Stock Exchange index, Nifty, declined by 42.80 points, or 0.70 per cent, to 6,114.10.

Mumbai, May 21 - A mere one per cent increase in licenced software usage can generate almost USD 1.3 billion in economic output compared to USD 554 million from a similar increase in pirated software intake, reveals a study. "While 1 per cent increase in use of licensed software would generate almost USD 1.3 billion in national production, a similar increase in pirated software consumption would generate USD 554 million, meaning properly licenced software would deliver USD 739 million in additional economic value.

Kolkata, May 21 - India should open up its economy more for eliminating poverty and achieve a higher rate of growth and allow foreign capital for building infrastructure, US ambassador Nancy Powell said. "In the last two decades, growth in India was made possible by openness and foreign investment.

New Delhi, May 21 - The government today said it would send letters to 70,000 "high priority" assessees this month asking them to disclose their true income and pay taxes in the current financial year. "... 70,000 letters are being sent in two batches to other high priority cases in this month. Of these, the first batch of 35,000 letters has been dispatched on May 20, 2013," the Finance Ministry said in a statement.

Mumbai, May 21 - Iron ore mining in Karnataka will take a minimum of two years to become fully operational after the Supreme Court verdict allowed resumption of mining at category-A & B mines in the state, an industry official has said. Also, out of the 115 mines that will be eligible to re-start operations, as many as 35-40 are not likely to start operations due to various issues, he added.

New Delhi, May 20 - Worried over widening current account deficit (CAD), the government today indicated that it could take more steps to check gold imports. "Some more steps, if necessary, would have to be taken, but I appeal to the people of India to contain their passion for gold," Finance Minister P Chidambaram told reporters here. Gold imports jumped by 138 per cent to USD 7.5 billion last month, the highest so far this year, pushing up the trade deficit to USD 17.7 billion.

Jaipur, May 20 - Beleaguered Rajasthan Royals today terminated the contract of the three players -- including India pacer S Sreesanth -- arrested on charges of spot-fixing in the ongoing IPL besides filing an FIR against the tainted trio. "Based on the information provided by the authorities, the contracts of all three players have been suspended pending enquiry," Rajasthan Royals chairman Ranjit Barthakur said in a statement.