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Indian ADRs shed $7.5 bn in a week, Sterlite top loser
The Indian stocks trading on the American bourses saw a collective value erosion of $7.5 billion last week, with copper producer Sterlite Industries accounting for nearly one-third of this loss.

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Advani may quit as LoP tomorrow
A generational change in the BJP hierarchy may be on the anvil with L K Advani all set to quit as Leader of Opposition in Lok Sabha tomorrow and party President Rajnath Singh stepping down on Saturday.

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Air India to induct 7 independent directors
Cracking the whip to turn around ailing Air India, the government today announced an overhaul of its top management within 30 days by inducting seven independent directors with proven track record on the airline"s board.
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Deutsche Securities hikes stake in Eicher to 5.17%

Foreign fund house Deutsche Securities Mauritius has hiked its stake in commercial-vehicle maker Eicher Motors to 5.17%, after purchasing fresh shares through an open-market transaction. The fund house purchased 1,22,000 shares representing 0.46% stake in Eicher Motors, the car maker said in a disclosure on the Bombay Stock Exchange.


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