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India’s struggling realty industry may have sprouted some green shoots of late, but the top nine listed real estate firms posted a 76% dip in profit and 57% fall in sales in the June quarter, prompting the segment leader to observe that the industry is not “completely out of the woods” .

Jet Airways pilots’ association on Thursday said it has given the management seven days time to reinstate two sacked pilots.

Declaring his association with Mukesh Ambani-led RIL, Rajya Sabha MP Parimal Nathwani on Thursday said the Ambani brothers’ agreement provided for government approval of gas price and that RIL had not breached its terms.

In thin trading owing to a two-day ongoing nationwide strike by public sector bank employees, the Indian rupee ended lower by 15 paise against the dollar.

Air India Express, the low-cost carrier of ailing flag carrier Air India, plans to launch its domestic operations from mid-September.

Tata Steel on Thursday said it witnessed a 18 per cent rise in its sales to 4.78 lakh tonnes in July on the back of robust demand from the auto and construction sectors.

The Supreme Court will hear on Monday a plea by Midas Touch Investor Associations seeking a compensation of nearly Rs 5,000 crore for three lakh retail shareholders in fraud-hit Satyam Computer Services.

Gold on Thursday staged a comeback and gained Rs 130 at Rs 15,130 per ten grams on the back of fresh buying by stockists and ornament makers.

The Bombay Stock Exchange benchmark Sensex closed 390 points down at 15,514.03 as major players sold shares.

The “old days of nationalisation are gone,” petroleum minister Murli Deora said, adding that the govt had nothing to do with the private dispute between the Ambani brothers.

ArcelorMittal, the biggest steel group, will buy equipments for its new plants across the world from China and India to reduce their costs, a senior official said on Thursday.

Markets plummeted in last hour of trade as traders scrambled to unwind positions. Traders turned cautious when the Sensex neared 16000.

Markets were ruling in the red on Thursday with the BSE Sensex trading 237 points lower than its previous close.

The government on Thursday said its gas utilisation policy was aimed at operationalising idle and unutilized assets.

Wholesale prices falling but consumer prices rise; food surging; lentil,potato prices have doubled; monetary policy powerless to stem supply-sidebottlenecks; government likely to step in to curb food price rises

The rupee weakened on Thursday as a drop in the stock market triggered concerns foreign fund inflows could slow down.

The rupee continued to trade weaker amid low volumes on Thursday as losses in the domestic sharemarket and the dollar’s strength versus majors hurt the local unit.

Rupee weakened in low volume trade on Thursday, weighed by losses in other regional currencies, but traders were awaiting the local sharemarket open for further direction.

The dollar was steady in Asian trade Thursday as investors took to the sidelines ahead of European interest rate decisions and US jobs data that may dampen economic recovery hopes, dealers said.