India joins global markets in stock sell-off
The benchmark Sensex of the BSE nose-dived by another 108 points to hit a 16-month low of 3836.51 points as share prices witnessed across the board decline following sustained selling pressure by local investors and foreign funds.
Bajoria targets Thapar too
Delhi-Based Ballarpur Industries wants the industry chambers to intervene in the issue of jute baron Arun Bajoria picking up reportedly about 10% stake in the company.
Moody's retains India's rating
Even as Standard & Poor's downgraded India's rating on Tuesday citing government's inability to accelerate reforms, another international rating firm Moody's Investors Services has retained India's rating as positive.