Auto industry, the worst hit by the ongoing slowdown, has successfully reversed the 11-month decline in sales during Navratri to Dhanteras period. Debt has weighed down Tata Motors, forcing promoter Tata Sons to infuse fresh equity of Rs 6,500 crore. The GVK Group has said that it has raised over Rs 7,600 crore from investors which will be used to pare its debt and buy a 23.5% stake in Mumbai International Airport. Read for more top stories from the world of business and economy:
TRAI Chairman RS Sharma defends the regulator's decision to review the new regulatory framework for broadcasting and cable services, saying the idea is to fine-tune the new tariff order to make it more transparent and give freedom of choice to consumers.