A benchmark index for Indian equities fell below the 18,000 points mark on Thursday as Asian markets remained under pressure on fresh concern over the global economic recovery.

Cigarette-to-hospitality major ITC may buy the de-merged cigarette division of Kolkata-based RDB Industries in a deal worth Rs 300-350 crore, according to sources close to the development.

The proposed open offer by media baron Kalanithi Maran to buy an additional 20 per cent stake in the low-cost airline SpiceJet has been deferred, Enam Securities, the lead manager of the offer, said o

In the wake of the collision between two ships and the subsequent oil spill off the coast here, the BMC has started conducting random checks of seafood items in civic markets to ensure they are hygien

The Coast Guard on Monday evening confirmed that oil has stopped spilling from the MSC Chitra. However, traces of oil have reached areas like Nariman Point, Alibaug, Uran and Thane Creek. The PM has asked the concerned authorities for a report on the collision and oil spill.

Engineering services provider Infotech Enterprises on Tuesday said its US-based arm has acquired the Arkansas-based firm Wellsco Inc for an undisclosed amount.

The governing council of the Indian Premier League will meet here on August 20, BCCI sources said on Tuesday. “The IPL governing council will meet here on August 20,” said BCCI sources without revealing the agenda for the meeting.

Environmentalists say the oil leak in the sea off Mumbai due to the sinking of a ship would lead to an ecological disaster. Efforts are on to remove the oil from the sea water.

The collision of two merchant vessels on Saturday morning has resulted in 80-110 tonnes of fuel spilling into the Arabian Sea.

The rupee gained 20 paise against the US dollar in early trade on persistent selling of dollars by banks and corporates coupled with sustained capital inflows into equity market.