Subdued demand growth last year notwithstanding, car companies are ready with their offerings to begin the new year on a fresh note, with at least three crucial launches lined up this month.

Mumbai-based Tata Motors, which has finally found its footing in the car market after the launch of a compact sedan few months ago, is eager to unleash its second model Bolt (a hatchback). Bolt will be launched on January 22.

Shares of Ashok Leyland were trading higher by 3% to Rs 62, its new high on BSE, on back of heavy volumes.

Till 0937 hours, a combined 11.91 million shares have already changed hands on the counter on the BSE and NSE.

Infosys Technologies, the country’s second largest information technology (IT) services company, might lower its revenue growth forecast (‘guidance’) for 2014-15 when it details the earnings for the October-December 2014 quarter (Q3 of FY15) on Friday.

Persistent cross-currency headwinds, coupled with seasonal weakness, are seen to be weighing on the performance. The Bengaluru-based company had earlier pegged revenue growth for FY15 at seven to nine per cent.

Benchmark shares indices extended losses in late morning trade as heavy selling by foreign funds weighed on market sentiment.

At 11:30AM, the 30-share Sensex was down 152 points at 26,835 and the 50-share Nifty was down 40 points at 8,087.

After crying foul over its social service obligations for years, including running un-economical lines, Indian Railways is trying to develop its new social face under the National Democratic Alliance (NDA) government.

Rail minister Suresh Prabhu is working on a plan to utilize unused infrastructure at 8,000 railway stations across the country to impart skill development training for unemployed youth, particularly in rural and far-flung areas.

Twelve people were reported dead and more than twenty five injured, even as reports come in, in an accident involving an APSRTC bus falling downhill on the Hindupur - Madakasira ghat road.

An Andhra Pradesh State Road Transportation Corporation (APSRTC) bus carrying more than fifty people, mostly students coming from Madakasira town to Hindupur for higher studies, started from Madakasira to Penukonda at around 7:45.

Indonesian search and rescue teams hunting for the wreck of an AirAsia passenger jet have located the tail of the aircraft underwater, agency chief Fransiskus Bambang Soelistyo told reporters on Wednesday.

We have found the tail that has been our main target today, said Mr. Soelistyo. The tail part has been found and confirmed at a position in our second priority sector.

Infosys, the country’s second-largest IT services exporter, is likely to lower its revenue guidance for FY15 — largely due to the impact of cross-currency movements while managing to hold on to the operating profit margins in the October-December period, which is seasonally a weak quarter for the software exporters, according to brokerage houses.

In a relief to IT firm Tech Mahindra, the High Court of Judicature here dismissed a petition filed by Enforcement Directorate (ED) challenging the court's earlier decision of issuing stay orders on agency's attachment of fixed deposit worth Rs 822 crore belonging to the company.

In 2012, the ED had issued attachment orders freezing fixed deposits of Mahindra Satyam (now merged into Tech Mahindra) in connection with its probe in a money laundering case.

Market regulator Sebi has sought clarifications from the merchant banker of Videocon D2H Ltd, the satellite television arm of Videocon Group, regarding the company's proposed Rs 700 crore initial public offer (IPO).

Without disclosing the details of clarifications sought, Securities and Exchange Board of India (Sebi) has said that "clarifications (are) awaited from Lead Manager" for the proposed public offer.

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