US stocks closed out their worst week in six with a whimper on Friday, slumping toward the close as economic data gave little reason to reverse a string of selloffs.
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Telecom operators have asked the government to pass laws to stop unwanted calls, reports CNBCTV18. The operators have said that the government should run awareness campaigns against such unsolicited calls.
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Monnet Ispat Energy is in advanced talks to acquire coal mines in Mozambique or South Africa as it looks to secure raw material supplies for its steel and power businesses, a top official said on Friday.
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US retail sales rose in July in a hopeful sign for the economy, but the gains were concentrated in auto and gasoline station sales, suggesting underlying momentum in consumer spending remains tame.
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BP said it had resumed activity at the Gulf of Mexico spill site that had been suspended due to the storm.
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Athletes should not be apprehensive about security at the Commonwealth Games in October despite concerns raised by Australia, the head of the games organising federation said on Friday.
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Lossmaking Wockhardt Ltd said on Friday its board has approved a preferential issue of up to 400 million convertible or nonconvertible redeemable preference shares.
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Recent amendments from the Basel Committee on banking regulation do not appear to meet the concern of practitioners of trade finance that proposed new rules could make the vital loans scarcer and more expensive.
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