Business

Civil Aviation Minister Ajit Singh on Wednesday has also asked national carrier Air India to become competitive.

The change will help to make Indian enterprises more efficient by improving access to global designs.

Shares of Reliance Infrastructure, M&M, Axis Bank, SBI, Sesa Goa, ICICI Bank, Hindalco and Bharti Airtel topped the buying list, rising 3-4.6 per cent.

TRAI has asked for stakeholders' views on the proposed policy on surrender of spectrum by telecom players.

European cues too were positive, though the situation in eurozone is difficult.

In the last fiscal ended March 31, 2011, Kingfisher posted a loss of more than Rs 1,000 crore.

Asian stocks measured by the MSCI Asia ex-Japan index have fallen around 15 per cent in 2011.

Earlier foreigners were limited to investing in equity market through indirect routes like MFs or through institutional vehicles.

The government will borrow 130 billion rupees each in January 23-27 week and January 30-February 3 week.

Air India has total of Rs 21,511.10 crore as short-term working capital loans and pays annual interest of Rs 2,600 crore.

The billionaire Ambani brothers on Wednesday appeared to signal that their bitter rivalry may end.

Telecom Minister Kapil Sibal had earlier ruled that such roaming agreements are in violation of licence norms.

The bill will make the US companies that move call centres overseas ineligible for grants or guaranteed loans.

Banking stocks were the top losers, with many lenders hitting more than two-year lows.

The rupee value has depreciated by more than 20 per cent so far in 2011 and hit a record low of below Rs 54-level last on Thursday against the US dollar.

Infosys was the top-weight Sensex stock with a weightage of 10.25 per cent on Monday as against RIL's 10.08 per cent.