Sensex declines 33 points in early trade
2 percent in November from a year ago due to cyclone Neelam and holidays on account of festivals, according to its chairman.
The government plans to ask state power utilities to sell surplus land or carbon credits to raise funds and be eligible for the 1.9 trillion rupees debt restructuring package, an unidentified power ministry official was quoted as saying by The Economic Times.
FINANCIAL/REGULATORY
Life Insurance Corp is selling shares this year, booking a 110 billion rupees profit, to bid for shares in upcoming government sales of companies, said two persons familiar with the thinking.
IT
Infosys said on Friday it settled a lawsuit filed by former employee Satya Dev Tripuraneni.
Non-traditional markets such as Japan, China and Korea will drive HCL Technologies' next wave of growth, its chairman Shiv Nadar said.
TELECOMS
The department of telecom is considering a demand by India's top three mobile phone companies -- Bharti Airtel , Vodafone and Idea Cellular -- to allow GSM operators to bid for unsold CDMA spectrum in the 800 MHz band which saw no takers in the recent auction.
Bharti Infratel's share sale to raise up to $830 million was subscribed 1.3 times, a weaker-than-hoped for response to the country's biggest initial public offering in two years.
AIRLINES
Etihad Airways will decide this week whether to invest in Jet Airways or Kingfisher Airlines, according two persons familiar with development who requested anonymity.
Renault's move into low-cost cars plans to devise a cheap vehicle programme for India
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