Raymond Ronamai

Cash-strapped Kingfisher Airlines Ltd has told aviation minister Ajit Singh that it will not be able to maintain normal operations without a temporary bank overdraft, the Financial Express newspaper reported on Tuesday.

Computer services firm Mahindra Satyam said it had filed a lawsuit against past directors, some ex-employees and former auditor Pricewaterhouse, seeking damages after the company was hit by a fraud in 2009 that became the country's biggest corporate scandal.

Pakistan's former ambassador to the United States denied any involvement in drafting a memo that accused the army of plotting a coup and suggested on the first day of a Supreme Court commission on Monday he was being framed.

Japan's Olympus Corp has sued its current president and three ex-directors for several million dollars in compensation, sources told Reuters on Monday, as the company seeks to draw a line under one of the nation's worst accounting scandals.

Housing Development Finance Corp, India's largest mortgage lender, expects the RBI to cut the cash reserve ratio, rather than interest rates, at its monetary policy review on January 24, Chief Executive Keki Mistry said.

Actress Drew Barrymore and her new fiance Will Kopelman on Friday released a photo of the couple showing off her engagement ring, confirming reports they joined a long list of stars who got engaged over the holidays.

Mahindra & Mahindra Ltd expects to sell Mahindra Reva electric cars in India by November, a top official said.

The founders of engineering and construction firm Jaiprakash Associates said they would challenge an order by the Securities and Exchange Board of India (SEBI), India's capital market regulator, penalising them on insider trading charges.

Australia, inspired by captain Michael Clarke, crushed India by an innings and 68 runs in the second test at the Sydney Cricket Ground on Friday to take a 2-0 lead in the four-match series.

Apple's new iPhone 4S consumes on average twice as much data as the previous iPhone model and even more than iPad tablets due to increasing use of online services like the virtual personal assistant Siri, an industry study showed.

Samsung Electronics (005930.KS), the world's top maker of memory chips and smartphones, reported a record quarterly profit on Friday, aided by one-off gains and best-ever sales of high-end phones.

As India gold prices dipped backed by a strengthening rupee, jewellers restocked for the upcoming wedding season in the world's biggest consumer of the precious metal, dealers said.

Struggling phone maker Nokia Oyj basked in brightening prospects for its much-hyped Windows phone on Thursday as it prepared to strengthen the hand of new boss Stephen Elop by replacing its old-guard chairman.

The Reserve Bank of India said on Thursday that overseas borrowings up to $20 million in a financial year will have a minimum average maturity of three years under the automatic approval route, the RBI said in a statement.

The Nano is not a flop, its creator Ratan Tata said on Thursday, but he acknowledged that his Tata Motors failed to capitalise on the early excitement surrounding the launch of the world's cheapest car.

A slowdown in car sales in India is seen as a passing phase and automakers expect demand to pick up once high interest rates start easing and growth in Asia's third-largest economy bounces back.

Michael Clarke hit a majestic unbeaten 329 before declaring Australia's first innings at 659 for four with a lead of 468 on the third day of the second test against India at the Sydney Cricket Ground on Thursday.

Yahoo named PayPal President Scott Thompson as its chief executive on Wednesday, hoping the well-regarded Internet technology and e-commerce expert will replicate his success at eBay Inc and turn around the struggling company.

The upstream regulator has cleared Reliance Industries' $1.53 billion plan to develop four satellite fields to boost output at its D6 block and sent it for final government approval, an official source said on Wednesday.

Michael Clarke hit a brilliant unbeaten 251 and Ricky Ponting his first hundred in two years as Australia took control of the second test against India on Wednesday, finishing the second day on an imposing 482 for four.

India has made hallmarking gold jewellery mandatory, a senior government minister said on Wednesday, a move that could boost demand in the world's biggest gold market by taking care of quality worries.

To kick sales of its ultra-low-cost Nano into higher gear, Tata Motors needs a lot more buyers like Vijay Govind Pisal, a sugar cane farmer in Ozarde in Maharashtra.

Ricky Ponting scored his first century in two years and Michael Clarke a career-high unbeaten 170 as Australia took control of the second test against India on Wednesday, reaching 394 for four at tea on day two.

Samsung Electronics, the world's top maker of memory chips and smartphones, is set to report a robust quarterly profit rise on Friday, starting 2012 on an upbeat note aided by record-smashing sales of smartphones.

Reliance Industries said it would invest in media group TV18's two main companies, marking a major foray into the media sector by the energy-focused conglomerate and giving a boost to its plans to launch 4G services.

The euro could rebound in the near-term despite the problems affecting continental Europe, as investors are overly bearish on the currency, investor Jim Rogers said on Tuesday.

Fuel-efficient cars and a slew of new SUV models will be unveiled at Delhi's Auto Expo later this week as global carmakers continue to rev up their activity in one of the world's few growth engines despite a recent slowdown in sales.

Bajaj Auto Ltd launched its first-ever four-wheeled vehicle on Tuesday, saying the RE60 would target commercial users and three-wheeled vehicle owners in India, and that production could involve Nissan and Renault.

China has agreed to look into a complaint by India's foreign ministry that a diplomat was prevented from treating his severe diabetes and collapsed while offering consular assistance to two Indian citizens on trial in China's Yiwu city.