Business

The state-run NTPC is grappling with fuel shortages that are hurting its electricity generation.

The IKEA Group proposes to invest in single brand retail trading in India through a 100 per cent subsidiary.

Manufacturing, which constitutes about 76 per cent of industrial production, fell by 1.5 per cent from a year earlier.

In the 30-share Sensex, 19 stocks declined led by two most influential stocks, ITC and RIL that fell over 1 per cent each.

The government will begin on Monday the auction for telecom spectrum through which it is hoping to meet Rs 40,000 crore revenue target.

The bank said the payments to Pandit and ex-COO John Havens reflect the progress the bank made in 2012 and work they did in some earlier years.

The Sensex opened weak but the sentiment reversed as reports of auto sales numbers started filtering in.

The BSE index rose 0.4 per cent or 74.53 points to end at 18,505.38, falling 1.37 per cent for the month.

Kingfisher Airlines has been grounded since October 1 when it declared a lock-out.

The UB Group head poured scorn on media reports that he would be forced to sell stakes in profitable businesses to fund Kingfisher.

The total income in the July-September period of the current fiscal increased to Rs 18,609.43 crore from Rs 16,110.61 in 2011-12.

In all, 16 of the 30 Sensex stocks closed higher, led by auto, capital goods, banks and refinery sectors.

Vijay Mallya had agreed to give up majority control in terms of shareholding. However, it was discussed that Mallya will continue to remain the chairman of the joint entity.

The Kingfisher Airlines' employees are insisting that they would resume work after their seven-month dues are paid.

Meanwhile, the DGCA has said that there has been no communication from KFA since it was served a show-cause notice.

Infosys lowered its revenue growth guidance for the current financial year to 17.3 per cent from the earlier target of 19.7 per cent.