Business

India's No 2 mobile operator by subscribers had $6.5 billion in debt as of end-September.

For the week, the BSE benchmark rose 1.8 per cent and Nifty jumped 2.35 per cent.

New Delhi had budgeted a fiscal deficit of 4.6 percent of GDP for this fiscal year.

A wide range of issues like bank recapitalisation, rising fiscal deficit targets are likely to be discussed.

Satyam filed a suit against its former Board of Directors, some employees and Price Waterhouse seeking damages for perpetrating fraud.

Kingfisher Airlines on Monday submitted a detailed response to DGCA giving time-bound plans to resolve the lapses and discrepancies identified.

This is the first time in almost six years that food inflation has shown a decline on an annual basis.

The swap agreement will provide emergency liquidity in case the European debt crisis reaches emerging economies.

Blue-chips that saw dip in their market value include Infosys, NTPC, Bharti Airtel, SBI and HDFC Bank.

Kingfisher, India's third largest airline by market share, has been struggling to raise funds to continue operations and repay debt.

Inflation, as measured by the Wholesale Price Index, stood at 9.73 per cent in October, 2011.

The rupee touched a record low of 53.69 to the dollar on Tuesday, though it recovered to 53.21 a dollar.

Reliance has outlined plans to spend $4 billion to $4.5 billion by 2014 on three US shale gas joint ventures.

The world's No 1 online social network prepares for a blockbuster initial public offering.

Microsoft India chairman Bhaskar Pramanik later clarified that he was speaking about technology and IT companies.

The rupee has been one of the weakest currencies in 2011 and Credit Suisse believes it would continue to be weaker.