Liquor baron Vijay Mallya defaulted on Rs 8,191 crore he had borrowed from a consortium of 17 public sector banks, which have so far recovered Rs 155 crore through auction of his seized properties. ....

Falling for the fourth straight session on Tuesday the market continued its southward journey with the Sensex losing 94 points to close at 29,319. weighed by weakness in global peers after unexpected UK election announcement. Investors were also worried after prediction of monsoon at lower band of normal monsoon and on higher probability of El Nino. ....

As the government aims big to promote and make digital transactions easier with BHIM (Bharat Interface for Money) app, a new survey on Tuesday claimed that only 35.7 per cent people in rural India are aware of BHIM that has over 10 million user base in the country. ....

Liquor baron and loan defaulter Vijay Mallya has been granted bail by the Westminster Magistrates’ Court, three hours after he was arrested in London, according to sources. ....

Citizens of India are eligible to visit Russia's far east without visas, Russian Prime Minister Dmitry Medvedev has said. ....

Benefiting from its expensive 'plus' models and rising demands of its products, Apple Inc will be worth at least $824 billion this year, analysts have predicted. ....

The 30-scrip Sensitive Index (Sensex) on Tuesday opened on a higher note during the morning session of the trade. ....

Falling for the third straight day, the Sensex at the Bombay Stock Exchange declined 48 points, or 0.2 percent, to close at 29,414, on Monday. The Sensex had gained 33 points at the day's high, and shed 98 points at the day's low. The Sensex has now lost over 370 points in three trading sessions. The Nifty at the National Stock Exchange fell 12 points, or 0.1 percent, to 9,139. But the broader market outperformed, with the BSE Midcap index rising 0.3 percent and the Smallcap index gaining 0.5 percent. ....

National passenger carrier Air India has formulated new guidelines to deal with unruly passengers with hefty fines up to Rs 15 lakh proposed. ....

India's annual rate of inflation based on wholesale prices softened in March at 5.70 per cent after having risen to over a three-year high of 6.55 per cent in February on rising food and fuel prices, official data showed on Monday. Industry said its upward push on retail inflation could dampen the possibility of an RBI rate cut. ....