Business

Kingfisher's board will also consider converting loans from its parent company into equity.

The IMF Chief says Europe's debt crisis risked plunging the global economy into a 'lost decade'.

The biggest fear is that a disorderly default would ripple across the global financial market,

Asian shares struggled with investors still nervous despite the formation of a new Greek unity government.

The chairman of euro zone finance ministers said Greece could go bankrupt if voters rejected the bailout package.

More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months.

Financial stocks, led by HDFC Bank, on Monday dropped by as much as 7 per cent on the BSE.

Ravi also assured that the government is planning to separate air traffic control from the AAI.

The rally was also significant as it was on the backdrop of a weak industrial output data.

Shares of Sun TV settled at Rs 288.15, higher by 10.21 per cent on the BSE.

Indian banks have brought bad loans down to 2.4 percent over 10 years, but now they need to be careful.

The step is being seen as a possible boon to the government's reform programme.

British Petroleum had acquired a 30 per cent stake in 23 oil and gas blocks in India from Reliance earlier in 2011.

They met the Home Minister at his North Block office within a span of 50 minutes.

The Indian rupee tumbled by 34 paise to an almost 28-month low of Rs 49.82 per US dollar.

Private banks, metals and select auto stocks continued to trade lower, due to which Nifty also closed low.