Business

The Swedish home decor firm, the world's largest furniture maker, in June announced Rs 10,500 crore investment in India.

The World Bank said it expects inflation to reach as high as 8 per cent by March 2013 due to higher domestic fuel prices among other things.

The carrier has until the end of next week to explain to the government why it should not be shut.

Shares of Emkay, which crashed 27 per cent in the last three trading sessions on Wednesday bounced back sharply, climbing 10 per cent to Rs 27.75 on the BSE.

The Swedish retailer said it had filed the last part of an application to begin trading in the world's second most populous nation.

Arvind Kejriwal and Prashant Bhushan accused DLF of arranging favourable loans and real estate transactions for Robert Vadra.

The airline has said that the Rs 60 crore released so far by its lenders have been insufficient for clearing payment backlogs.

Kingfisher Airlines employees have planned to hold a candlelight vigil on Friday at 2 pm in Delhi.

The cash-strapped airline blamed the extension of the lockout on the "illegal strike that has not been withdrawn".

The board will also consider the audited consolidated financial results of the company.

FMCG majors ITC and HUL dropped over 2 per cent while oil & gas producers Reliance Industries and ONGC went down 1.6-2 per cent.

The bank's Asset Liability Committee met on Tuesday and decided to cut the base rate to 9.75 per cent.

The FICCI President described the RBI's decision to reduce CRR as "a calibrated attempt" to inject liquidity into the banking system.

Industry body CII said a day after the fuel price hike, these announcements are a tremendous boost not only to the sectors in question, but also are huge mood lifters.

The Sensex surpassed the 18000 level quite smartly in late trade on Wednesday, for the first time since February 23, 2012.

Besides dollar demand from oil importers, a lower opening in the equity market also put pressure on the local unit, forex dealers said.