Business

In the chargesheet CBI had named Anshuman Ruia, Ravi Ruia, Kiran Khaitan, IP Khaitan and Vikas Saraf.

November inflation stuck above 9 per cent while most experts had expected inflation to drop below 9 per cent.

The exit policy will allow new players, who wish to quit the crowded industry, to surrender their spectrum and licences.

Parliament has remained paralysed since November 22 over the FDI in retail row.

Pranab Mukherjee said global financial problems had adversely affected domestic growth.

NRI entrepreneur Lord Bilimoria is also the President of the India-UK Business Council.

Corporate America noted that the move would help bring down inflation and create thousands of jobs.

The Indian rupee is the 4th most depreciated currency in the world and the most depreciated in the Asian continent.

Reports say that the job cuts are planned since turmoil in the equity and debt markets is eroding revenues.

The euro zone has been facing sovereign debt problems that could snowball into a major financial crisis.

Shares in Kingfisher rose more than 7 per cent early on Monday.

Signs of new governments being formed in Italy and Greece have inspired hopes of some stability.

Indian businessmen invested $ 13.3 billion overseas in the first four months alone of this financial year.

While the Sensex closed closed 207 points down, the 50-share Nifty closed 68 points down.

The Nikkei average fell 2.2 per cent to end at the session low of 8,640.42, its lowest close since October 7.

Spanish Economy Minister Elena Salgado said all euro zone countries want Greece to stay in the currency.