Business

With this, Facebook will mark its entry in the index of the largest non-financial companies listed on the exchange.

The sale is part of the government's divestment programme to raise $5.5 billion by next March.

The deal, expected to be completed within 60 days, is valued at 2.1 times the revenue reported by LD Waxson during the fiscal year 2011-12.

Walmart and other retailers lobbied for years to gain access to India's market, lured by the promise of a middle class that will one day rival China's.

The government will release gross domestic product (GDP) data for the quarter at around 11 am on Friday.

The government has disallowed $1 billion expense of RIL for not implementing the approved field development plan, says Moily.

The deal could help Mallya make a piecemeal payment to his creditors and draw them back to the negotiating table.

Vijay Mallya-led UB Group had recorded revenue of Rs 750 crore in the second quarter of the previous fiscal.

Director General of Civil Aviation Arun Mishra said the proposal will be examined in all aspects before taking decision on revoking its license.

Kingfisher's engineers and pilots had struck work from September 30 demanding payment of their due salary from March.

The airline has not come up with any revival plan as of now, a government official said.

The South Korean carmaker gave no details of the proposed engine plant's capacity, or when it would start production.

Brokers said selling was more pronounced in banking and interest-related stocks ahead of the RBI's monetary policy on October 30.

However, they have demanded that the salaries for March be paid within 24 hours and the rest before Diwali.

Pharma tycoon Dilip Shanghvi is the biggest gainer making an entry in the top 5 for the first time.

For online purchases, the top private sector bank ICICI is offering discount of 3-8 per cent on 24-carat gold coins.