Business

Investors fear a debt implosion in Europe and hope the Fed Reserve will announce measures to jolt the US economy.

European markets too were quite supportive; they were trading 0.7-1.2 per cent higher.

Suzuki Motor controls about half the Indian car market through majority-owned unit Maruti Suzuki.

The job reduction is part of a broad restructuring plan that started in January 2010.

The equity benchmarks gained led by heavyweight Reliance Industries, which shot up 4 per cent.

Asian stocks tumbled as much as 4 percent on growing fears that the US economy was sliding into recession.

Commercial vehicles sales were up by 16 per cent to 47,238 units from the same month last year, Tata Motors said.

Standard and Poor's has said there is no immediate threat to India's sovereign debt rating of BBB.

Oil prices have soared following the loss of around 1.6 million barrels per day (bpd) of Libyan oil.

India in June granted conditional approval for Vedanta Resources to buy a stake in Cairn India.

It's the third time in the last five trading days that the Dow lost more than 500 points.

Reliance Telecom Ltd is one of the accused firms in the 2G spectrum allocation case.

The US accounts for almost 60 per cent of the revenues of the $ 60 billion Indian IT industry.

But the rescue mission does not address the roots of Europe's 21-month-old financial crisis.

Japan stocks were down over 1.3 per cent, while losses were also seen in a host of other Asian markets.

UK's Cairn Energy Plc wants approval for selling stake in its Indian arm to mining group Vedanta Resources.