After bailing out Eenadu's Ramoji Rao in 2008, the Mukesh Ambani-led company recently signed a convertible debt deal with Network 18. The deal makes for a potboiler. Here's why.

The 30-share Bombay Stock Exchange index rose 192.27 points, or 1.17 per cent, to 16,643.74. During the course of the day's trade, Sensex hit an intra-day peak of 16,662.06.

At 2.45 pm, the 30-scrip index of BSE was ruling at 16,452.58 points, 13.47 points or 0.08 per cent down from its previous close at 16,466.05 points.

The expansion in the world's second-largest economy was the slowest in two-and-a-half years but December retail sales and factory output accelerated

The rally was led by Reliance Industries (3.99 per cent) and ICICI Bank (3.85 per cent), which together added over 100 points to the jump in Sensex.

Japanese Prime Minister Yoshihiko Noda, seen with Prime Minister Manmohan Singh in New Delhi, has sealed a $15 billion currency swap line with India, expected to support the falling rupee.

In a single stroke, that is actually a combination of several smaller moves, TV18 has got a huge foothold in the Telegu market, become a debt-free company and now has Mukesh Ambani as a strategic investor.

Reliance Industries and Network 18 groupon Tuesday joined hands for a multi-layered deal, under which the MukeshAmbani-led corporate giant would sell a part of its interest in Eenadu TVchannels and would also fund promoters of the media group.

Indian equities continued to lose attraction because of inflation, high interest rates, the falling rupee and lack of major economic reforms. As a result, markets lost around 25 per cent during the year, eroding investor wealth of around Rs 20 lakh crore.

The market has suffered an average loss of one million dollars in every ten seconds of trade so far in 2011 and the final figures might not be much different as only five days of trading is left for the year.

Terming the decision to hold back FDI in multi-brand retail as \"unfortunate\", retailers have expressed disappointment and asked the government to consider partial opening up FDI particularly in the non-food segment.

Despite attracting growing number of visitors, online retailers suffer from low conversion rates. Three start-ups seek to remove the hurdles online buyers face.

Backrooms are abuzz with talk of the impending collaboration between Mukesh and Anil Ambani. Troubled by increasing competition, dwindling stock price and lack of the legendary Ambani clout in the corridors of power, the brothers are seeking a secret settlement to send a strong signal to pump up the markets.

Idea was followed by Vodafone and Bharti Airtel who saw net gains of 12.06 lakh and 2.95 lakh customers, respectively, Communications Minister Kapil Sibal said.

The gloves are off: Usually, Indian industry praises the government in public and saves its grievances for closed-door meetings.

Market analysts say investors must look at a company's corporate governance standards, capital expenditure plans, management quality and order inflows while exploring for investment opportunities.

Starring: Manisha Girotra, Neelam Chhiber, Ashish Joshi, DR Arunachalam Murugiah Arun

After a year of looking over her shoulder, Niira Radia looks beyond Vaishnavi.

With soaring inflation and high interest rates making it hard for families to repay debts, bad assets of indian banks are piling up fast. For retail borrowers, high floating interest rates and increased EMIs are causes of concern. Trends for corporate borrowers are similar. As a result, gross non-performing assets (NPAs) of banks are close to Rs 1 trillion. But no bank wants to go on record about its NPAs.

Ethnic foods are aiming for the big time, and investors are pouring money into them.