Wipro, which employs 22,000 people across Chennai, is the latest IT service provider to warn of the impact of the floods in a city

Moody's earlier this week lowered its growth forecast to 7 per cent, from 7.5 per cent.

Nestle withdraws Maggi noodles in India after a MSG controversy cropped up recently.

Despite a surplus of luxury homes lying unsold, Mumbai and other cities have a severe shortage of affordable housing.