Business

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.

Shares of Infosys and Wipro declined 2 per cent each whereas HCL Tech was down 4 per cent.

S&P also has a negative rating outlook for Nokia, indicating the possibility of a downgrade in the next 12 months.

RBI Deputy Governor KC Chakrabarty said the central bank will come out in June with its next financial stability report.

Microsoft India bagged the Randstad Award 2012 for the 'most attractive employer' for the second consecutive year.

Vodafone had claimed that it had never received any communication from authorities to withhold tax.

The Supreme Court cancelled 122 licences of various telecom operators on February 2 in the 2G spectrum scam case.

At the lower end of the price band, the company will raise Rs 200 crore, while on the upper band it will mop-up Rs 210 crore.

Pranab Mukherjee said a sharp slowdown in economic growth in 2011-12 was disappointing and the government was expecting a turnaround in the current financial year.

State Bank of India, the country's largest lender, will cut lending rates on loans that have high interest rates, Chairman Pratip Chaudhuri said on Tuesday.

The Mumbai based 145-year old jewellery retailer is coming out with its public issue of more than 1.66 crore equity shares.

The market regulator said that India Inc registered a decline of 93.5 per cent over the previous month.

Pulses turned expensive by 10.05 per cent and vegetables by 30.57 per cent during March.

The earnings season for Indian IT firms comes amid improving macro-economic stability in the US and European markets.

The BSE benchmark rose 0.77 per cent, to close at 17,332.62, helped by 23 components. The NSE benchmark climbed 50 points or 0.96 per cent to 5,276.85.

India's balance of payments slipped into negative territory for the first time in three years.