Business

A report had said that Reliance might make a financial investment or pick up a stake through a preferential offer.

The airlines would on Tuesday file its financial results for the second quarter of 2011-12.

DGCA head Bharat Bhushan maintained the government is keeping an eye on whether airlines were using their slots.

The cancellations include Delhi, Mumbai, Bangalore, Chennai, Kolkata and Hyderabad routes, the report said.

In the rankings compiled by Investor Relations Global Rankings (IRGR), Infosys tops in all 4 categories.

According to the report, 663 out of 983 listed Indian firms were family businesses.

HDFC Bank, Infosys, Hero Motocorp, Tata Steel and NTPC were other gainers.

Ten minutes after the opening, the Dow Jones industrial average jumped 256, or 2.2 per cent, to 12,125.

V Raja says that by quitting when the going is good, he's only applying former GE CEO Jack Welch's philosophy.

The company is looking to support its hiring campaign through innovative social media initiatives.

Infosys will also build a research and development lab in Singapore over the next six months.

The 30-share BSE Sensex fell 286.59 points or 1.77 per cent, to close at 15,864.86 led by fall in 23 stocks.

Since last month, the Sun TV Network scrip, has lost about 14.5 percent and a whopping 100 percent compared to last year's levels.

A listed firm will have to mandatorily make an open offer to buy an additional 26 per cent shares from public.

Private banks, metals and select auto stocks continued to trade lower, due to which Nifty also closed low.

Fed likely to announce plans to rebalance its portfolio in favour of longer-dated bonds.