Business

State Bank of India is the leader of consortium of lenders to grounded airline Kingfisher.

Citing the downward trend, Crisil said the average headline inflation for FY14 will go down to 6.3 per cent from the 7.3 per cent in FY13.

Infosys shares were down 2.9 per cent as of 10.08 am after earlier falling to its lowest since October 5, 2012.

Gold prices took a dramatic U-turn on Monday, reversing early gains to drop to a two-year trough.

Manufacturing growth fell to 2.2 percent versus 4 percent year-on-year. Retail inflation declined to 10.39 per cent in March from 10.91 per cent in February.

Infosys revenue growth of Rs 10,454 crore, up 18 per cent year-on-year (0.3 per cent sequentially), was lower than what the street had forecast.

Bharti Airtel can, however, continue 3G services in the zones for its existing customers, the court said, after hearing an appeal by India's top telecommunications carrier.

While none of the three persons could be reached for their comments, sources said that all of them cited personal or family reasons for their resignations.

Many analysts are blaming stalled projects and declining investments as among the major factors hurting growth.

The NSE benchmark Nifty closed down 10.30 points at 5542.95.

Boeing's stock has rallied through the crisis, rising 16 per cent since regulators grounded the fleet on January 16.

Sebi said Coimbatore Stock Exchange complied with the regulator's exit guidelines and made payment of the necessary dues.

Honda will also introduce diesel models across its entire range in India.

Novartis had sought to overturn a clause in Indian Patents Law that restricts patent protection for newer forms of existing molecules.

Fraudsters managed to steal customer database after some policy holders either surrendered or discontinued policies believing the cheats.

The order comes after the leakage of noxious gas from the plant on March 23, leading to nausea and skin irritation among a section of people.