Business

January-to-March GDP figures showed that manufacturing shrank 0.3 per cent from a year earlier, the biggest drag on the quarter's growth.

At 9.03 am, the rupee was at 55.78/80 to a dollar, compared to its 55.74/75 close.

Rupee tumbled for third consecutive day and fell below the psychological mark of Rs 56/$.

The company said the layoffs would be made mainly through early retirement.

A final call on the IPO can be taken only by our board and shareholders, Marten Pieters said.

Vodafone has repeatedly clashed with the Indian authorities over a string of tax and regulatory issues.

The Reserve Bank of India will pump in Rs 12,000 crore in the market later this week by buying government securities.

The offer represents an 18 per cent discount to Thomas Cook India's closing price of 61.05 rupees on Monday on the NSE.

Morgan Stanley has cut India's 2012 economic growth forecast to 6.3 per cent from prior 6.9 per cent.

As of March 2012, ICICI Bank had an asset base of Rs 4.74 trillion, HDFC Bank had Rs 3.4 trillion and Axis Bank Rs 2.85 trillion.

The company said in a regulatory filing to the BSE that it has a high exposure of over Rs 12,215.18 crore in the airline.

Dinesh Kanabar, Deputy CEO & Chairman, Tax at KPMG and Ketan Dalal, Joint Tax Leader at PwC talk about what the finance minister had to say on Monday in Parliament.

LIC enjoys Moody's Baa2 rating with a stable outlook, which is higher than the agency's Baa3 sovereign rating for India.

The Bangalore-based company expects revenue from IT services in April-June will be in $ 1.52-1.55 billion range.

Star's branding will cease to be broadcast on the three news channels run by the joint venture within four months.

The move follows the government allowing AI to borrow up to USD 1 billion annually through the external commercial borrowing (ECB) route.