Business

Investors had hoped that a strong performance in the elections would ease political constraints on the Prime Minister.

Foreign banks in India including Citi slashed unsecured lending after personal loans and credit card debt turned bad.

The bank is 82 per cent owned by the British taxpayer after it was bailed out by cash injection by the Treasury.

Mukesh Ambani-led Reliance Brands will hawk the range of luxury shirts, ties, knitwear and accessories.

India imports nearly 80 per cent of its crude oil, and the government's oil subsidy bill is set to top $12 billion.

Tepid response for ONGC auction was another reason that dampened the sentiment as the government could not manage to meet its after a decided floor price of Rs 290 a share.

Kingfisher Airlines on Monday virtually blamed the I-T authorities for the flight disruptions.

The RBI governor too affirmed that "fiscal slippage" was acting as a threat to RBI's efforts to bring down inflation near its comfort zone.

CII said any hike in excise duty from the current 10 per cent would impact growth and also put burden on consumers.

The case states that Maxis made the Rs 550 crore investment in Sun TV and Sun DTH in return for a stake in Sivashankaran-owned Aircel.

SEBI officials were also present in the meeting between representatives of stock exchanges and Finance Ministry officials.

Its wireless business head Syed Safawi is leaving the company and COO Shamik Das will oversee all the geographical divisions.

Although no specific reason was given for not allowing sharing of spectrum, sources said this may be allowed in case of two operators having similar frequency bands.

India Inc has sent a strong message that its IT firms are creating and not stealing jobs in troubled western economies.

The IMF chopped its estimate for 2012 global growth to 3.3 percent from 4 percent just three months ago.

The green signal to TCS comes at a time when SEZs have lost sheen as a vehicle of investment in the wake of imposition of Minimum Alternate Tax on the SEZ developers.