Business

Diageo has made a Rs 5,441 crore open offer for purchase of 26 per cent stake in the company.

Having led the tyre manufacturing industry for decades, the company went into doldrums since the late 1990's.

The operationalisation of the two subsidiaries would also reduce the aircraft-employee ratio in Air India to global global standards.

The new base rate will be effective from February 4, the bank said in a statement.

If the airline gets a norm-waiver, it would also evaluate possibility of starting international flights out of Ahmedabad.

The RBI reduced repo rate by a widely expected 25 basis points, taking comfort from cooling inflation as it made the first cut in nine months to support an economy headed for its slowest growth in a decade.

The Sensex closed at 19990.90, down 112.45 points after touching 20,203.66 earlier in the day.

The agency said that it is taking up the probe against each and every company which has been allocated coal block since 1993.

Rishad has for long been speculated to be a natural choice for taking over the company's operations.

Economic uncertainty has led clients in the United States and Europe, which account for more than 75 per cent of India's IT outsourcing revenue, to spend cautiously.

The regulator has formed a team to work with Boeing to judge the safety of the aircraft.

All Nippon Airways said a cockpit message showed battery problems and a burning smell was detected.

DGCA suspended the airline's licence to fly in October 2012 after months of cancelled flights and staff walkouts.

The revenues rose by 5.74 per cent to Rs 10,424 crore, beating analysts expectations by small margin.

The 1 trillion rupees market cap includes differential voting rights and common shares.

The Sensex provisionally fell 0.07 per cent and the Nifty lost 0.05 per cent.