For the third straight quarter, India's consumer goods market had declined and this was attributed to a larger number of market players and declining consumer spending ability.

In a joint statement, Bharti Retail and Walmart dissolve their Best Price partnership in India. After weeks of speculation, Bharti Enterprises and Wal-Mart Stores Inc had announced that they are going on their separate ways for operations in the retail sector.

Allied Blenders & Distillers would pay INR300 crore for the purchase of Sentini Bioproducts. Allied Blenders & Distillers, the Kishore Chahbria backed winemaker, had been in discussions with Sentini Bioproducts for the purchase of the latter's blending and bottling unit.

Rupee's depreciation makes India an attractive proposition for US investors. India's top ranked takeover advisor Bank of America Corp identified the rupee's depreciation as the main factor in generating interest from US companies in setting up factories in India.

The merger of Etihad Airways and Jet Airways passed finance regulatory authority review and now would go to the antitrust regulatory authority.

Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.

According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.

The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.

The Reserve Bank of India had refused to give extended deadline for banks to upgrade their security features to protect cardholders from credit card frauds.

The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.