India Inc has welcomed the decision of the country's central bank to reduce the cash reserve ratio (CRR) by 150 basis points (bps) to 7.5 percent instead of 50 bps to 8.5 percent announced Oct 6, 2008 as it will inject $13.5 billion (Rs.600 billion) into the credit starved market.

Prime Minister Manmohan Singh said here Friday there was no question of changing the borders with Pakistan while efforts would be made to make these less significant and irrelevant.

Listed below are the top losers on the Sensex with respect to price change in percent terms.

Infosys Technologies Friday ruled out increasing its original offer price of 600 pence per share to buy the Britain-based Axon Group plc.

Could the current global market meltdown, directly or indirectly, affect Bollywood's finances and the production of its hugely mounted movies? This is a question not many in the film industry are asking at present because they are confident the worldwide liquidity crunch will have no direct impact on them.

As fears over the impact of the global financial crisis on the Indian economy escalated Friday, a key Indian equities index closed with one of its steepest losses in recent months, with interventions by the government, the central bank and the markets watchdog having little impact to lift the battered sentiments.

India's central bank, the Reserve Bank of India (RBI) announced Friday that the cash reserve ratio (CRR) will be reduced by 150 basis points (bps) to 7.50 percent of net demand and time liabilities (NDTL) instead of 50 bps announced Oct 6, 2008, to inject Rs.600 billion liquidity into the system.

Kerala Leader of opposition Oommen Chandy Friday asked Chief Minister V.S. Achuthanandan to initiate a probe into the agreement signed by the government for the Rs.15-billion Smart City project. He alleged that Achuthanandan had a 'secret agenda' in giving special concessions to the project.

Hundreds of Nano supporters Friday began an indefinite 'satyagraha' (sit-in) in front of the Nano small car plant in Singur, recently abandoned by automobile major Tata Motors following protests by the opposition. The new agitationists are demanding that the factory once again start operations in West Bengal.

India's central bank, the Reserve Bank of India (RBI) announced Friday that the cash reserve ratio (CRR) will be reduced by 150 basis points (bps) to 7.50 percent of net demand and time liabilities (NDTL) instead of 50 bps announced Oct 6, 2008, to inject Rs.600 billion liquidity into the system.

The JG Institute of Foreign Studies (JGIFS) here Friday inked a pact with Canada's Seneca College to offer career-oriented diploma programmes for students topursue courses in fields like fashion and tourism.

Union Minister for Information Technology and Communications A. Raja has charged Dayanidhi Maran, Chief Minister M. Karunanidhi's estranged nephew with masterminding a smear campaign against the centre and the state by levelling baseless allegations in a telecom spectrum deal.

China is willing to work with India and other countries to deal with the global financial meltdown triggered by the US subprime crisis, though it maintains that so far the impact on the Chinese economy has been 'limited'.

India's industrial growth slumped to 1.3 percent in August this year, compared to a 10.9 percent growth in August 2007, the government announced here Friday.

The late night schedules of two major fashion events this month have been cut short thanks to Karva Chauth - when Hindu wives fast all day for the wellbeing of their husbands - falling right in the middle of the two big shows - the Wills Lifestyle India Fashion Week (WIFW) and the Delhi Fashion Week (DFW).