Sreeja VN

Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened in red in the morning session Wednesday, weighed down by a slump in the shares of Tata Motors. The choppy trading continued with India's largest automaker being the top loser in the BSE with a 9.03 percent or 24.80 points decline.

Air India has decided not to take the delivery of Boeing's 787 Dreamliner planes until both parties agree on the terms of compensation for a delay in delivery, says India's Aviation Minister Ajit Singh.

Bombay Stock Exchange's Sensex and NSE's Nifty were trading with moderate gains in morning session Tuesday. Auto, IT and capital goods stocks were trading higher while the consumer durables and FMCG shares were trading negative.

Global rating agency Moody's on Monday said that the steep depreciation of rupee against a dollar will not affect India's sovereign ratings negatively. However, it added that private sector companies with huge overseas debts will be hurt by the slip in the value of the rupee.

Indian government bowing to the political pressure has decided not to hike diesel, Kerosene and LPG prices for the time being. The ruling UPA government is still fighting the fallout of its unpopular decision to steeply increase the petrol prices last week, as the opposition parties as well as some of its own allies are demanding a rollback.

Indian markets opened on a positive note Monday as Bombay Stock Exchange Sensex was trading at 16,360.34, 142.52 or points 0.90 percent up from the previous close and NSE Nifty was at 4,965.20, up 44.80 points or 0.80 percent, in the morning session.

Iran will not compromise on the West's demand to stop enriching Uranium to 20 percent, said Fereydoon Abbasi Davani head of Iran's Atomic Energy Organization.

India and Myanmar will be sealing several bilateral pacts including one in the energy sector.

Fearing a political backlash, the Indian government has postponed the decision to hike the diesel prices for the time being. However, economists feel that it is time the government deregulated the prices of diesel and stopped subsidizing them.

India Government may go slow on boosting diesel prices as the recent steep petrol hike has generated strong opposition from both the public and opposition parties.

Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.

Even as a possible Greece exit from the euro zone is creating ripples of fear in the global economy, it seems that the Asian countries, especially India, is better placed to face the euro zone breakup storm than other regions.

The talks between world powers and Iran over Tehran's nuclear program came to a standstill Thursday as it accused the P5+1 group (five permanent members of the UN and Germany) of creating a difficult atmosphere hindering talks.

The US hopes that Pakistan will agree to reopen the supply routes to NATO troops in Afghanistan as the Senate has threatened to link the aid to Pakistan with the country's cooperation on the issue.

The Delhi High Court Wednesday issued a contempt notice to the striking Air India pilots for not complying with its previous order restraining them from continuing with the strike.

The Indian rupee descended to the all-time-low of 56.04 per dollar Wednesday even as the Reserve Bank of India and the Indian government said that they were monitoring the situation closely and taking corrective measures.

Blaming the Euro Zone crisis for a weak Indian economy Indian Finance3 Minister Pranab Mukherjee said that government is taking several steps to protect the economy and rupee from further pressures.

Bombay Stock Exchange's benchmark Sensex fell Tuesday by more than 145 points, or 1 percent, as the rupee tumbled to a record low of 55.39 against the dollar.

Portuguese investment bank Espirito Santo has downgraded Indian bio-technology major Biocon from neutral to sell based on several issues, including accounting practices which the bank says are objectionable.

The Indian rupee Monday touched a record low of 55 against the dollar because of the strong demand for dollar from importers, weak global cues and delay over policy reforms from the government.

With no end in sight to the Air India Pilots' Strike that entered its 14th day Monday, Civil Aviation Minister Ajit Singh would meet the Air India Union leaders later in the day to resolve the ongoing crisis. The strike has cost the national carrier over Rs. 23 billion.

Indian Finance Minister Pranab Mukherjee Sunday expressed concern over the depreciation of the rupee.

Pakistan Sunday blocked Twitter in response to the micro blogging website's inability to remove the blasphemous content posted by its users.

Blind Chinese rights activist Chen Guangcheng, who escaped house arrest, enjoyed his initial hours of freedom in New York Saturday even as his relatives and supporters are facing the ire of Chinese authorities back in his country.

A day after Facebook went public, its co-founder and CEO Mark Zuckerberg Saturday updated his relationship status to married. Zuckerberg had an eventful timeline this week with the addition of two events - Facebook IPO Friday and his wedding with his longtime girl friend Saturday.

Private rocket company SpaceX was forced to abort the launch of its Dragon space capsule on Saturday because of an engine glitch in its Falcon 9 rocket.

Air India is planning to hire retired pilots for flying international routes even as a strike by a group of pilots entered the 12th day Saturday.

India Friday announced a set of austerity measures in a desperate attempt to prop up economy and to instill investor confidence.

Air India is poised to get its first installment of Boeing 787 Dreamliner aircraft by the end of this month even as the crisis in the national carrier, caused by the pilots, continues.