Indian equities markets opened weak Friday and slid deep into the red by close, reflecting all round nervousness on weak global cues and fears that the US $700 billion bailout plan will not get approved by the US House of Representatives later in the night, analysts said.

Showing moderation after a week, India's annual rate of inflation slipped to 11.99 percent for the week ending Sep 20 as compared to 12.14 percent for the week before, according to official data released Friday evening.

Industrialist Anil Ambani has struck a deal worth $1.5 billion with three-time Oscar winner Steven Spielberg and Stacey Snider to create a new motion picture studio. The joint venture is set to be launched by January next year.

The following is the timeline of events surrounding the small car project of Tata Motors at Singur in West Bengal, that finally resulted in the group announcing a pull-out of the project from the communists-ruled state Friday:

IT major Infosys Technologies Ltd does not seem to be in any hurry to make a higher offer than HCL Technologies to acquire UK-based SAP consultancy firm Axon Group, the company indicated Friday.

With the entry of global automobile companies into India and also their research arms, automotive research is one of the areas where India can be a leader, said a top Indian scientist here Friday.

Hindustan Motors and Mitsubishi Motors launched the Outlander, a crossover sports utility vehicle (SUV) from the Mitsubishi stable, here Friday.

The Mukesh Ambani-headed Reliance Industries (RIL) is interested in exporting diesel to Pakistan if restrictions are removed, a senior company official said here Friday.

The city-based public sector Allahabad Bank is targeting a growth of 20 percent in its loan portfolio and 17 percent in deposit this fiscal, a top company official said here Friday.

West Bengal Chief Minister Buddhadeb Bhattacharjee and Tata Group chairman Ratan Tata began crucial talks here Friday to decide on the future of the global auto major's stalled Nano small car project at Singur in the state.

India has approved Japanese drug maker Daiichi Sankyo's buying over of Indian drug major Ranbaxy, Finance Minister P. Chidambarum announced Friday.

The US financial tsunami has washed out giant investment banks of the US and has led to many commercial banks being bought over or nationalised. But what hit the world's largest reinsurance company, the American Insurance Group (AIG)?

Hindustan Motors and Mitsubishi Motors Friday launched here the Mitsubishi Outlander, a sports utility vehicle (SUV).

Kohinoor Steel Friday filed a police complaint against unidentified villagers for allegedly attacking its employees and vandalising its plant in Seraikela-Kharsawan district of Jharkhand, company officials said.

Indian equities markets opened weak Friday and began to slide deep into the red reflecting all round nervousness on weak global cues and a severe liquidity crunch.