After his alleged involvement in the 2G scam and leasing of telephone lines, former telecom minister Dayanidhi Maran's 'role' in sanctioning of spectrum to Sun Direct CBI is now being looked into by the CBI.

The Anil Dhirubhai Ambani Group's financial services arm Reliance Capital today said it has received approval from the Reserve Bank of India (RBI) for its proposed 26 per cent stake sale in Reliance Life Insurance to Japan's Nippon Life.

As the Oil Ministry readies to take action against Reliance Industries for the fall in output from the KG-D6 gas fields, the Mukesh Ambani-led firm has warned that any attempt to limit cost-recovery is illegal and will be challenged in court.

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Alienware's new version of its desktop-replacing laptop does not disappoint.

The company has received in-principle approval from Insurance Regulatory Development Authority and the final approval would be granted by Reserve Bank of India.

Anna Hazare has become a rallying point for citizens fed up with corruption

The rising number of auditors' qualifications in accounts statements indicates the deteriorating state of Indian accounting standards. In times when Indian corporations run global companies, accounting practices should be conservative rather than aggressive when there is an element of uncertainty.

CIL stock, which had gained over 2 per cent in morning tradeon news of its inclusion into the National Stock Exchange's Nifty index fromOctober 10, pared its initial gains and settled 3.90 per cent down at Rs 359.75on BSE.

India's largest fund house Reliance Mutual Fund says the recent correction provides an attractive share buying opportunity for investors.

A decision by the Allahabad High Court that land acquired in the Greater Noida region should be returned to farmers has left home buyers there in the lurch. The court has permitted an out-of-court settlement for the home buyers by August 12.

As India's ambition to become a global auto hub is curbed, manufacturers focus on the domestic market. But that is where the turmoil is.

The trigger point for open offer has been increased from 15 per cent level to 25 per cent. And the open offer size, after the 25 per cent trigger is hit, has been enhanced from the current 20 per cent to 26 per cent.

RIL's refining margins at $10.3 per barrel during the first quarter is not much of a surprise as it has always been bettering the benchmark Singapore gross refining margin. The results also indicate that RIL's cash generating engine is intact, with quarterly profits at $1.3 billion.

Experts said Indian bourses may advance further this week if global markets remain supportive, but local factors could be the primary market movers.

Minister of State for Telecom and IT Sachin Pilot recently told reporters that security agencies have sought permission to monitor major social networking sites like Facebook.

The rally was headed by Reliance Industries and Infosys, which have together 21 per cent weightage on the Sensex. RIL shot up by 2.08 per cent to Rs 870.35 and Infosys Technologies by 1.44 per cent to Rs 2,995.15.

The BSE 30-stock index, which had climbed 7.5 per cent in the last two weeks till Monday, fell 69.92 points to 18,744.56. The NSE index Nifty fell 18.40 points to 5,632.10.

The signals are ominous. As a BT-Gallup MBA Survey of corporate India reveals, the Indian business house faces powerful threats that may erode its historical strengths. Is the pessimism about their future justified? Or is it unfounded? An assessment.

The BSE benchmark Sensex snapped its last 2-week-long losing streak by gaining 370 points to regain the 18k mark after nine days to close at 18,241 on the back of sharp dip in global crude oil prices and firm overseas cues.