Business

SBI has an exposure of Rs 1,500 crore to the Bangalore-based airline, which has not been serviced since January this year.

Civil Aviation Minister Ajit Singh said Air India has returned some of the loans taken from banks.

Sahara lawyer seeks more time to reply to why the group had not complied with the SC's order of repaying investors.

The rupee resumed slightly lower at 54.78 per dollar as against Monday's closing level of 54.77 per dollar.

Metals, capital goods and realty shares were the key gainers in early trade.

Sources said initial court proceedings will begin against those who have more than Rs 5 crore in their accounts.

Ratan Tata stepped down making way for successor Cyrus Mistry, who has also been inducted into the board of Indian Hotels Company.

WPI inflation has remained above the RBI's comfort zone of 5-5.5 pc for the past 35 months now.

As against the target of Rs 40,000 crore, the auction, which concluded on Wednesday, managed to fetch only Rs 9,407 crore.

Petrol prices were last revised on October 27 when they were raised by 29 paise to Rs 68.19 per litre in Delhi.

The 30-share BSE Sensex, which dropped as much as 166 points in early trade, lost 56.15 points or 0.30 per cent to close at 18,846.26.

India's outsourcing chiefs crossed their fingers that Barack Obama would take a less hawkish stance.

After resuming on a positive note, the Sensex went up over 118 points to touch the day's high of 18,743.41.

Brokers said selling was more pronounced in banking and interest-related stocks ahead of the RBI's monetary policy on October 30.

In all, 16 of the 30 Sensex stocks closed higher, led by auto, capital goods, banks and refinery sectors.

Pandit left after a series of embarrassments and missteps that apparently unsettled Citigroup's board.