• Greek unions protest as Fitch warns of default

  Fitch said a Greek debt default was "highly likely in the near term" despite the latest aid.

• Sony's Vita arrives just as market may be fading

  Sony's Vita arrives just as market may be fadingVita will be a tough sell to gamers who may already jam smartphones in their back pockets and lug Apple iPads around in backpacks.

• Kingfisher Airlines outlook dims further on loan denial

  Kingfisher Airlines outlook dims further on loan denialState Bank of India has not extended further loans to debt-crippled Kingfisher Airlines, a bank official said, denying reports of SBI offering a lifeline.

• US stocks fall as Europe frets over Greece

  Investors are worrying that Greece's new $172 bn deal may not be enough to keep the debt-laden from eventually defaulting and possibly exiting euro.

• Gold to rise much higher, do not sell it: Jim Rogers

  Gold to rise much higher, do not sell it: Jim RogersIf somebody starts bombing Iran, everything would be hit in the shock except maybe gold, says Jim Rogers of Rogers Holdings.

• US stocks fall as Europe frets over Greece

  Investors are worrying that Greece's new $172 bn deal may not be enough to keep the debt-laden from eventually defaulting and possibly exiting euro.

• Gold to rise much higher in this decade, do not sell it: Jim Rogers

  If somebody starts bombing Iran, everything would be hit in the shock except maybe gold, says Jim Rogers of Rogers Holdings.

• Valuations still at reasonable levels; time to buy into equities now: RBS

  Valuations are at reasonable levels and the monetary policy cycle is turning, which should be supportive for equities generally, said Parul Saini.

• Wall St flat after housing data; S&P near key level

  US stocks were little changed as an encouraging US housing report offset soft euro zone data, while S&P 500 struggled to break through a high.

• US stocks dip as eurozone economic news weighs

  US stocks fell slightly following disappointing eurozone data that added to signs of recession in the debt-wracked region.

• Sterlite, Sesa Goa shares plunge amid merger speculations

  Shares of Sterlite Industries and Sesa Goa plunged sharply today amid speculations about a possible merger of the two companies as part of a group restructuring exercise.

• Bombay Stock Exchange launches 'green' index

  The Bombay Stock Exchange on Wednesday launched India's first carbon-efficient live index, looking to give a boost to socially aware investors.

• 'Exclusive SME exchange may wait for some more time'

  Launch of a dedicated stock exchange for small and medium enterprises (SMEs) may get delayed due to prevailing uncertainty in bourses.

• Kingfisher Airlines shares dive more than 11%

  Shares of Kingfisher Airlines plunged by over 11 per cent in morning trade after SBI declared its exposure to the air-carrier a non-performing asset.

• MMTC, Hindustan Copper up on new stake sale, buyback norms

  Shares MMTC and Hindustan Copper rose on potential capital raising on the back of market regulator SEBI's relaxed norms for stake sale and buyback of shares.

• Only-25-of-engg-grads-are-employable

  Kiran Karnik has slammed the Indian education system for failing to help students.

• Govt-allows-direct-jet-fuel-import-by-airlines

  Air carriers, interested in importing ATF instead of buying from local refiners, would have to apply to DGFT.

• Economic-confidence-index-India-at-4th

  India is facing series of interconnected crises as indicated by sharp decline in economic growth.

• Fuming-Chetan-Bhagat-slams-Kingfisher

  A 'flightless' Chetan Bhagat suggested other airlines should take over Kingfisher.

• 20-redemptiondue-FCCBs-to-default

  About one-fifth of the $7 bn worth FCCBs are threatened by default, Fitch said.

• MCX IPO subscribed 91% on first day

  The Multi Commodity Exchange (MCX) public issue was subscribed by 91 per cent with 23 per cent bids coming at the cut-off price.

• Wealthy investors shy away from Facebook public offering

  Wealthy investors aren’t clamoring for a piece of Facebook Inc’s initial public offering (IPO) because some own the stock through private transactions while others shy away from risky technology deals, according to advisers.

• Broad-based rally shows fatigue signs, say experts

  Advancing stocks are outpacing declining ones on the Bombay Stock Exchange (BSE) this year, indicating marked improvement in the market breadth compared to 2011.

• Tata Capital'sg NCDs: Bank on the surety of returns

  In 2009, most investors favoured the five-year secured non-convertible debentures (NCDs) of Tata Capital, a non-banking finance company (NBFC) of Tata Sons.

• Banks, cap goods firms dominate BSE Greenex

  The Bombay Stock Exchange (BSE) on Wednesday launched the first environmental-friendly equity index, BS Greenex, which would enable investors to take more informed decisions in the country’s green theme.

• Bankers refuse lifeline to troubled Kingfisher

  Kingfisher Airlines’ cup of woes is brimming, with lenders declining to extend further loans.

• Hager Group acquires Elcom

  Pune-based family-owned company Hager Group, a supplier of systems, solutions and services for electrical installations, said it had acquired Elcom International, a German company that deals in video door-phone domain, for an undisclosed amount.

• OMC ready to transfer Koirabhanjpali mine to Idcol

  State owned mine PSU Orissa Mining Corporation (OMC) is ready to spare its Koirabhanjpali iron ore mines in favour of another PSU-Industrial Development Corporation of Orissa Ltd (Idcol).

• Sahara to get consent of franchises on 5th foreigner: IPL

  The Indian Premiere League (IPL) Governing Council on Wednesday ratified all the issues agreed upon with the Sahara group, including the Pune franchise’s request for fielding a fifth foreign player in the playing eleven as a special case in the upcoming fifth season of the T20 League.

• AI-IA merger main cause of airline's woes, PAC informed

  Describing the merger of the erstwhile Indian Airlines and Air India in 2007 as the main cause for financial woes of the company, several employee unions that appeared before the Public Accounts Committee (PAC) told Parliamentarians that they were not taken in confidence at the time of the merger.

Top Headlines

• RITL moves TDSAT to recover Rs 1,200 cr from Etisalat DB

  The matter will come up for hearing tomorrow before the TDSAT, headed by Justice S B Sinha.

• GDP to grow 7.5-8 pc; raise taxes, fuel prices, says PMEAC

  A 9 per cent growth in the future would be challenging, said EAC Chairman C Rangarajan.

• Hero MotoCorp in tech pact with EBR

  Hero MotoCorp said it wants to strengthen its presence in the high-end bike segment.

• Kingfisher files fresh flight schedule

  RBI not opposed to SBI extending support to airline, says Deputy Governor

• HPCL, BPCL seek stake in Kannur airport

  The project is to be developed in six phases

• A healthy business for Indian IT firms

  Change to ICD-10 represents a massive overhaul of medical coding scheme.

• Canara Bank sees rise in credit offtake

  Canara Bank expects 18-19 per cent growth in credit offtake next financial year. The bank has decided to be cautious about expanding its credit and is against adopting an aggressive strategy in le...

• MCX IPO subscribed 90.7 % on first day

  MCX's Initial Public Offering (IPO) was subscribed 90.7 per cent on its first day on Wednesday.The shares reserved for retail investors subscribed 1.5 times, with bids worth an estimated ov...

• Pranab Mukherjee to meet Congress leaders on Budget tomorrow

  The Congress functionaries are expected to pitch for increasing the income tax exemption limit and providing more funds for poverty alleviation programmes.

• Bigwigs reach IIMA for 3rd placement cluster

  Mahindra, RG Group, Ingersoll Rand and banks like Yes Bank, Reserve Bank of India, HDFC apart from others recruited students from the country's top B- school.

• Kingfisher Airlines accounts still frozen: Official

  The bank accounts of ailing Kingfisher Airlines remain frozen, Finance Secretary RS Gujral said, responding to media reports that the accounts had been freed.

• Pranab Mukherjee hopes to meet tax collection target in FY12

  Finance Minister Pranab Mukherjee today expressed hope that indirect tax collection target of Rs3.92 lakh crore for the current fiscal will be met despite the economic slowdown.

• Sensex dips 283 points on profit booking, weak European markets

  The 30-share index, which had gained almost 275 points in the previous two sessions, rose by 84.59 points, or 0.46%, to 18,513.20 points.