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New Delhi: With Air India grappling with financial crisis, the Supreme Court has rapped the government for giving "profitable routes" to private carriers and asked it to plan a turnaround in the national carrier saying it "faces extinction" if things continued like this.

"Why many lucrative routes have been given to private carriers," a bench comprising justices Vikramjit Sen and Kurian Joseph observed while expressing concern over Air India taking a beating against private airways, post merger of Air India and Indian Airlines.

New Delhi: Lauding Virat Kohli for agreeing to drop a rung in the batting order for the team's sake, Indian skipper Mahendra Singh Dhoni said the strategy used in the second ODI against the West Indies here could be continued as the batsman adjusted well to the change.

Kohli (62), who registered his 31st ODI fifty to return to form, stitched a crucial 105-run fourth-wicket partnership with Suresh Raina (62) to help India put up a respectable 263 for seven in 50 overs. The hosts eventually levelled the five-match series 1-1 by winning the match by 48 runs.

Mumbai: Fund raising by listed companies through preferential allotments to investors plunged to a four year low of Rs 15,997 crore in April-August period, latest data available with the market regulator showed.

Firms had raised twice as much funds (Rs 30,560 crore) through issuance of shares on preferential basis to their respective promoters and shareholders, during the April-August period in 2013-14.

A total of Rs 15,997 crore was mobilised through 223 preferential issues in the first five months, which is the lowest amount raised in this period since fiscal 2011-12.

New Delhi: With the government on a fast-track to lure foreign investments, FIPB will consider as many as 48 FDI proposals, including that of the HDFC Bank and about a dozen from the pharma sector, at its meeting on October 21.

Pharma proposals including those of Lupin, Sanofi- Synthelabo and Sun Pharma will come up for consideration in the meeting to be chaired by the Economic Affairs Secretary.

Besides, investment applications of major companies like Holcim, Today Magazines Lifestyle and Montblanc Services will be taken up by the Foreign Investment Promotion Board.

New Delhi: The market valuation of top-five Indian companies fell by Rs 42,519.88 crore last week, with IT major TCS taking the biggest hit.

While TCS, ITC, CIL, HDFC Bank and Sun Pharma saw losses in their valuation, ONGC, RIL, Infosys, SBI and ICICI Bank made gains.

The market capitalisation (m-cap) of TCS plunged by Rs 18,911.52 crore to Rs 5,24,772.61 crore. ITC's m-cap tanked by Rs 8,691.94 crore to Rs 2,81,610.82 crore, while Sun Pharma lost Rs 8,626.15 crore to Rs 1,69,582 crore.

The valuation of CIL fell by Rs 6,000.55 crore to Rs 2,11,313.97 crore and HDFC Bank lost Rs 289.72 crore to Rs 2,09,309.66 crore.

New Delhi: PepsiCo India's revenue grew in double digits for nine months ended September 6, 2014 making the country amongst the fastest growing emerging markets for the global beverages and snack giant.

"Our developing and emerging markets business has proven to be resilient with high single-digit organic revenue growth year-to-date, including double-digit growth in Egypt and India," PepsiCo Inc Chairman and CEO Indra Nooyi said in an earnings call.

"Even though the political environments are relatively stable, GDP and consumer spending growth remains mixed. Despite these challenges, our businesses performed well in the third quarter and year-to-date," she added.