At the current market price of the stock, that stake would be valued at about $1.5 billion.
Finance Minister Arun Jaitley said the government will continue to pursue policies to support growth amid global slowdown.
Insurance companies sell off inventory of flood-damaged vehicles to cut losses.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
Last year, the government had announced to infuse Rs 70,000 crore in PSU banks.
Rumours that Mr Xi was a market reformer appear to have been exaggerated.
The company switched its focus from premium housing to affordable and mid-income projects to stay afloat
An IAS officer of 1973 batch of the Gujarat cadre, Chawla also hold additional charge of the Department of Economic Affairs and the Department of Financial Services.
If you are in credit opportunity funds, income funds or dynamic bond funds for a long-term goal, stay put.
Bearish dollar overseas also supported the rupee
European wind turbine makers interested; deal could be $1 billion. The company aims to raise about $1 billion from the sale of a 61.28 per cent stake, said two banking sources.
Liverpool will not be forced to sell off key players if the club make an early exit from the Champions League, co-owner Tom Hicks said.
The rupee fell sharply by 32 paise at 66.37 against the US dollar in early trade on Tuesday.
Even US equities are now back to end-2014 levels.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
Volvo Cars is currently owned by US car major Ford, which is seeking to sell off the brand and Geely Auto, has emerged as a preferred buyer.
2016 is difficult to predict, and this uncertainty will drive volatility in global markets.
The impact of the sell-off on local equity markets was widespread among developing countries, but some were hurt more than others. Russia emerged as the worst performer among the four BRIC nations and saw the highest 72.5 per cent decline in local currency terms during last year.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
When selling a property, you have to understand the costs affecting the returns from the property.
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
Nifty settled at 5,005, down 102 points. Out of 2,814 shares traded on the BSE, 1,879 declined and 858 advanced.
National Mineral Development Corporation (NMDC), the Hyderabad-based public sector undertaking, is the first PSU to come up for divestment during the current financial year.
Early on Monday morning, the chairman of the government-appointed board of Satyam Computer Services, Kiran Karnik, hurried into the Taj President Hotel in south Mumbai to begin one of India's strangest corporate sell-offs.
The Enforcement Directorate probing the multi-crore Saradha scam money trail today interrogated Rajya Sabha Trinamool Congress MP Ahmed Hassan Imran for the second time.
After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
Sources in the Tata group said they could not attend as they were travelling.
The rupee on Tuesday fell by 25 paise to 65.05 on fresh dollar demand from banks and importers despite persistent foreign capital inflows.
In their most lively but contentious face-to-face debate, Republican and Democratic presidential candidates John McCain and Barack Obama sparred over their respective economic, healthcare, energy and education policies, promoting their ideas to mostly undecided voters and slamming the other's as doomed to failure.
The tax authorities have been piling pressure for a long time against Mallya and on Kingfisher Airlines to cough up the dues.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
India attracted $1.4 billion FIIs in November, says a report by HSBC.
Rupee closed at 61.86 against the dollar on Tuesday.
After enduring volatility for the first two months of calendar year 2016 (CY16), global equity markets have recouped some of the losses in March. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, believes the next triggers for the rally will come from a soft landing in China and no recession situation in the US.
This is the fourth straight weekly plunge for both the indices.
Forced to sell off their best players to keep afloat, many eastern European soccer clubs found themselves easy prey for wealthier rivals from the continent's top leagues in the early rounds of the Champions League and UEFA Cup.
Amidst concerns of liquidity crunch due to weak sentiments in stock markets across the globe, investors have started winding up their positions in commodities such as gold, silver and nickel. Investors are selling off their positions in commodities market globally because of the liquidity crisis owing to weak stock market trends internationally, analysts said.
Despite Thursday's sell-off, the Sensex opened with a positive gap of 121 points at 11,068, on the back of the positive cues from the overseas markets. The index, thereafter, firmed up and rallied to a high of 11,339 - up nearly 400 points from the previous close.
