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- Punjab National Bank sells stake in subsidiary
State-owned Punjab National Bank Wednesday said it will sell 26 percent stake in its home loan arm PNB Housing Finance to Destimoney Enterprises, previously called Dawnay Day. - Sensex ends volatile day 0.61 percent down
A benchmark index of the Indian equities markets Wednesday shut shop 0.61 percent lower amid volatility. - Volkswagen, Suzuki stake deal sends Maruti stock up
Maruti Suzuki's scrip shot up 3.82 percent Wednesday after global auto giants Volkswagen AG and Suzuki Motor Corp announced a share swapping deal. - Volkswagen picks up Suzuki stake for $2.5 bn
German auto giant Volkswagen Wednesday picked up a 20 percent stake in Suzuki Motor for about $2.5 billion, while the Japanese auto maker will reciprocate by taking up equity worth half of the proceeds in the European firm. - India to deploy more Doppler radars for weather forecast
India will soon have more home-grown Doppler radars deployed at strategic locations across the country for weather forecast and climatic conditions, a space scientist said Wednesday. - Sensex slips after briefly breaching green
A key index of Indian equities slipped back into the negative zone around noon Wednesday after breaching green briefly even as smaller company scrips saw buying interest. - 300,000 tonnes of bauxite deposits found in Chhattisgarh
A new reserve of about 300,000 tonnes of bauxite ore has been found in Chhattisgarh's Maoist stronghold of Bastar, mining officials said Wednesday. - Yash Pal and Annadurai selected for Firodia award
Two scientists connected to the Indian space sector, Yash Pal and M. Annadurai, have been selected for the 2009 H.K.Firodia award. - Sensex moves down 0.4 percent in morning trade
A key Indian equities index slipped 0.4 percent in early trade Wednesday. - Hearing on Reliance gas dispute cancelled for Wednesday
The hearing on the high-profile Krishna-Godavari gas dispute between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) was cancelled Wednesday, as Chief Justice K.G. Balakrishnan was indisposed. - India, Sudan ink deal on expanding energy ties
India and Sudan signed an agreement on expanding ties in the oil and gas sector on the last day of a two-day India-Africa Hydrocarbon conference Tuesday. - OVL signs deal with Russian firm in oil and gas sector
ONGC Videsh Ltd (OVL) has entered into an agreement with Russian group Sistema for cooperation in exploration and studying oil and gas assets in Russia and third countries. - VRS scheme for Airports Authority employees approved
The government Tuesday said it has approved a voluntary retirement scheme (VRS) proposal for Airports Authority of India (AAI) employees working in the Delhi and Mumbai airports. - Fog envelops Mumbai airport, 14 flights hit
Fourteen incoming flights were diverted from Mumbai airport Tuesday as poor visibility due to foggy conditions crippled operations for over two hours on two occasions, an official said. - Delhi body to aid industries
The Delhi government has set up a Business Facilitation Council to facilitate entrepreneurs to obtain clearances from various departments to set up enterprises in a time bound manner.