Business

DLF, valued by investors at about $6.82 billion at Wednesday's close, ended down 4.95 per cent.

Kingfisher Airlines CEO Sanjay Aggarwal has written to the employees asking them to help the airline back to normalcy.

The retrospective tax measure introduced this year was widely seen as targeting Vodafone.

The rupee resumed higher at 52.39 per dollar against the last closing level of 52.64 at the Interbank Foreign Exchange (Forex) Market.

Chinese growth for 2013 is seen at 8.2 per cent, versus a previous IMF estimate of 8.4 per cent.

Sanjay Bahadur, vice president of corporate affairs, also said the airline expects to pay salaries for March within a week.

The panel warned that India was on the edge of a 'fiscal precipice' and if steps were not taken soon, the economy would be hit.

Kingfisher Airlines owes over Rs 7,000 crore to 17 banks in the long-term debt besides the income tax obligation.

Diageo is reported to be trying to buy a 15 pc stake from Mallya, who is said to be under pressure to raise capital for Kingfisher.

The RBI kept the key policy rate (repo rate) unchanged in view of high inflation but reduced the Cash Reserve Ratio.

The rupee was trading at 53.76/77 per dollar as of 11.07 am, weakening from around 53.71 levels before the RBI announcement.

The BSE benchmark index, which had gained 1,153 points in last eight sessions, advanced further by 78.04 points, or 0.42 per cent to 18,542.31.

Here is the full text of the decision taken by the government at the Cabinet Committee on Economic Affairs meeting.

US group Walmart operates 17 cash and carry, or wholesale stores, in India in partnership with Bharti Enterprises.

A section of the engineers of the Vijay Mallya promoted airline is not reporting to duty since Wednesday.

Hershey said it will buy out its partner, Godrej Industries Ltd, and another minority shareholder.