Business

The BSE benchmark declined 33 points to 18,395.46 and the NSE benchmark fell 17 points to 5,590.10.

The Railway Minister said this while laying the foundation stone of a coach factory in Kerala's Palakkad city.

The valuations and terms of the agreement were not immediately available.

Railway workers have appealed to Prime Minister Manmohan Singh for a Rs 50000 crore bailout package.

The Sensex rose 335.29 points or 1.88 per cent, to close at 18,183.86 and the Nifty gained 107.55 points or 1.99 per cent, to end at 5,525.50.

The United States has said it is working to reduce investment and trade barriers with India and Brazil.

Airbus, a unit of European Aeronautic Defence & Space Co, declined to comment on the decision to broaden wing inspections

The joint venture company will offer a full service suite of IT, BPO and infrastructure services to Japanese corporations.

A massive process re-engineering is needed to make the Public Distribution System (PDS) compatible with the proposed law.

It has earned Rs 84,155.40 crore during Apr 2011-Jan 2012 period as against Rs 76,223.07 cr during the same period last year.

Acceptance of deposits either by Manappuram Finance or by group company MAGRO is punishable with imprisonment, says RBI.

RIL would buy back from the open market at a maximum price of Rs 870 apiece in its first share buyback since 2005.

Reliance Communications plans to sell 75 per cent of the wholly-owned unit.

The PMLA authority said that the Enforcement Directorate (ED) was justified in attaching the property.

Many delegates said that while the government promises all amenities to NRIs for investing in India, the implementation is lacking.

The meeting discussed steps for augmentation for revenue in the remaining part of the financial year.