Tatas default foreign loan, lose suit in NY Supreme Court
Tatas-promoted Indian Hotels Company Ltd, operators of Taj chain of hotels, has lost a suit in New York Supreme Court filed by three public sectors banks, SBI, BOI and Canara Bank following a loan repayment default by the company.



Industrial growth falls to 4.8% in Aug
Continuing its downward slide, industrial growth fell to 4.8% in August this year from 7.3% in the same month last year mainly on account of poor performance by the manufacturing and power sectors.



Bajoria blasts Wadia for moving CLB
Bombay Dyeing & Mfg Co faces a tough battle from jute baron Arun Bajoria, the Calcutta-based raider who has picked up a 14% stake in the company.



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Proton drops car project in India
Wipro cuts ADS size, price