Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
The entry of the deep-pocketed conglomerate is expected to heighten competition.
The deal will provide Suzlon with much needed liquidity.
Search is on for reliable indicators of underlying activity.
India's latest GDP numbers do not signal robust economic growth in near term.
The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Finance Minister Arun Jaitley last month pointed to the high cost of capital for India's businesses as a key factor behind a manufacturing slowdown.
Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy.
Investors from across the globe are keen to invest in Gujarat.
JP Morgan may buy stake in debt -laden SpiceJet
Under a 2010 nuclear liability law, nuclear equipment suppliers are liable for damages from an accident, which companies say is a sharp deviation from international norms
Ajay Singh will team up with two blue-chip investors to bail out the airline
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
The RBI expects inflation in 2015 to hover around 6 per cent -- its target for January 2016 -- and sees risks to the target evenly balanced.
India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.
SpiceJet has cut the size of its fleet to 22-24 Boeing planes from 35 and will keep it this way for few months.
The company solf the frequent flyer business.
IndiGo's ascent is not without its risks, however.
Jet is losing money fast, beset by high costs, low fares and cut-throat competition in its domestic market.
The court on Tuesday ordered BSES -- part of billionaire Anil Ambani's Reliance Infrastructure Ltd to pay state-run NTPC the Rs 700 crore (Rs 7 billion) it is owed by May 31.
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