Business

Growth in eight core industries that include electricity, coal, cement, steel and crude oil slumped to 0.5 percent.

Unitech and its Norwegian partner Telenor trade charges against each other over control of their joint venture, Uninor.

The T&D sector requires significant new investment in systems and hardware.

While the rally appears to have lost its steam, it has refused to drift lower.

A Group of Ministers (GoM) is likely to meet later this month to take a final call on the issue.

So far telecom tariffs are under forbearance whereby operators fix tariffs depending upon market forces.

Trai had earlier this year issued a draft exit policy aimed at providing a route to companies, which want to leave the sector.

SBI, PNB, Corporation Bank and Oriental Bank of Commerce are some of the PSU banks that have given loans to the affected companies.

Top banker Uday Kotak asserted that the Indian financial sector was in a much better state than what was perceived.

Timothy Roemer, who resigned as US Ambassador to India last year, said it will also strengthen Indo-US trade.

The impending IPO - expected to raise $ 10 billion - is a prized trophy for investment banks, setting up a fierce competition on Wall Street.

The petrol prices are market-linked, while the Government decides the rates of LPG, kerosene and diesel.

A CRR cut would ease tight liquidity conditions in the Indian banking system.

Reliance MediaWorks has plans to launch a 5 billion rupee rights issue by March.

Infosys reported a better than street expected numbers in Q3, but is disappointed with its dollar revenue guidance for FY12.

The fiscal deficit has risen to Rs 3.53 lakh crore in the first eight months of 2011-12.