Business

Twenty world's leading economies are meeting in Moscow this weekend to take up a host of issue.

Wholesale prices - main inflation gauge - probably rose 7 per cent in January from a year earlier.

The rupee had edged up by just three paise to close at 53.82 against the US dollar amid mild dollar selling by exporters in Wednesday's trade.

Companies which continued operation after Feb, 2012 verdict will have to make payment on basis of reserved price.

The 17-bank consortium has extended Rs 7,000 crore loans to Kingfisher.

The broad-based National Stock Exchange index Nifty lost 20.40 points, or 0.34 per cent, to 5,938.80, after rising to 5,978.50 at the outset.

The NTPC disinvestment, which would be the biggest so far this fiscal, is expected to garner about Rs 12,000 crore for the exchequer.

In a statement, Michael Dell said that while the company has made progress, turning it around will be easier under private ownership.

The Sensex closed 91.37 points at 19659.82, and the Nifty ended the day 30.35 points lower at 5956.90.

In 30-BSE index components, 20 stocks declined led by PSU, Healthcare, Power, Refinery and metal sectors.

Barclays raised SBI's price target to Rs 2,450 from Rs 2,380 calling SBI its preferred Indian public sector bank.

Reliance Industries, a market trend-setter and index heavy advanced 1.87 per cent to Rs 899.05, ended a four-day losing streak.

Air India plans to sell all its 27 Dreamliner aircraft to a lessor and lease them back to operate by paying monthly rentals.

The DGCA took the decision to ground the aircraft after it received a global advisory from the FAA which came after two incidents of fire caused by the battery.

Fixed income investors should focus on long-term products, as they will benefit the most from interest rate cuts.

In India, an astute real estate investment can be really profitable.