Business

The Finance Ministry put up the final Cabinet note on Insurance and Pension bills, proposing 49 per cent FDI in both sectors.

The 50-share NSE Nifty remained in a consolidation phase for the second consecutive session on Wednesday.

Mahindra and Mahindra proposal was to set up a new JV to develop, manufacture and provide service support for radar systems and various kinds of defence electronic systems.

India has assured global investors that the country will move forward with its decision to open multi-brand retail.

It has also proposed that the calculation of the 30 per cent norm be done for cumulative periods of 10 years of operations.

The Bank for International Settlements has urged emerging markets to wean themselves off exports saying prospects for the world economy are poor.

SBI is the leader of the lenders' consortium which has 18 banks out which 14 are state-owned.

The maximun fine was imposed on Jaiprakash Associates followed by Ultratech, Ambuja and ACC cements.

Infosys disappointed investors in April with a weaker-than-expected revenue growth outlook due to an uncertain global economy.

Fitch on Monday lowered India's credit rating outlook to negative from stable.

It reflects heightened risks that India's growth potential will gradually deteriorate if further structural reforms are not hastened.

At a financial sector event in Mumbai, leaders of banking and corporate world queued up to garland Mukherjee.

Gold spurted by Rs 270 to surpass its previous record of Rs 30,400 set on June 6.

The IPG was de-recognised and services of 101 pilots were terminated after they started reporting sick from May seven.

Law Minister Veerappa Moily says India is a safe destination for investors.

It had net loss of Rs 355.55 crore in the January-March quarter of 2010-11, Kingfisher said in a filing to the BSE.