Business

India currently allows a foreign investment of 49 per cent in Indian carriers.

TCS' human resources head Ajoy Mukherjee said the visa rejection issues continued to affect the company.

The Eon, which will compete with Maruti Alto, is powered by a 814 Cc petrol engine.

The company on Monday said the Gurgaon plant produced around 1,800 vehicles, as against the normal 2,800 units a day.

The deal is expected to give Reliance access to games, entertainment and children's content.

Rupee opened at 48 rupees 74 paise on strong dollar demand from importers and some banks.

Sensex rose 57.29 points, to end at 16,933.83, after erasing 189 points from day's high of 17,122.54.

Food inflation, as measured on the basis of the WPI, stood at 9.55 per cent in the previous week.

The investors bought back shares after France and Germany said Greece's place remains in the euro zone.

The Asian Development Bank is cutting its 2012 forecast for Asian region to 7.5 per cent from 7.7 per cent.

China's official PMI offered some reassurance about the pace of growth, rising to 50.9 on Thursday.

The national carrier was experiencing a severe financial crisis owing to massive fixed costs.

The benchmark Nikkei rose 0.5 per cent to 8,845.19 by the midday break.

WPP CEO Martin Sorrell said India as a brand has become stronger in the last few years.

Indian shares fell nearly 2 per cent on Friday to log their fourth straight weekly loss.

The Standard & Poor's 500 Index was up 57.98 points, or 5.17 per cent, at 1,178.74.