The world's largest retail giant Walmart is gearing up to buy a controlling stake in India's biggest e-tailer Flipkart. The deal, which is in its last leg, is likely to be finalised by the end of this month.

"This is the start of the next big run for TCS", chairman of Tata Sons N Chandrasekaran told a business news channel. The Mumbai based-IT firm has crossed the market capitalisation of NYSE- listed fortune global 500 company Accenture ($98.60 bn).

It's been almost a month since the civil aviation ministry came out with the preliminary information memorandum (PIM) on Air India's strategic disinvestment. And over the past couple of weeks, several likely contenders have reportedly backed out from throwing their hats in the ring, claiming that the PIM's terms are not workable.

State-owned oil firms in a notification on Sunday said that petrol and diesel rates have been hiked by 19 paise per litre each in Delhi due to rising international oil prices, renewing calls for the government to cut excise tax rates on the fuels.

In December quarter, Indian economy grew at 7.2 per cent on account of higher government spending, manufacturing and service sector growth. With this, India regained its status as the world's fastest growing major economy after surpassing China for the first time in a year.