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Citigroup Inc. is reported to have reduced its stake in leading mortgage lender, Housing Development and Finance Corp Ltd, with a sale ranging from 1.5% to 9.9%, as it would reduce Citi's holding to 9.9% from 11.4%, ahead of the adoption of Basel III capital rules.

Also, the bank was reported to have stated, "The transaction resulted in a pre-tax profit of approximately $160 million. Citi has no plans to sell any additional shares of HDFC. Reducing its holdings in HDFC to below 10% is part of Citi's mitigation efforts".

Monday was the tenth day of the stalemate that is ongoing between the Maruti management and its striking workers at the Manesar plant as the series of negotiations between the two parties has failed to yield any result despite hard efforts.

In context to same, the company management earlier made two critical points in the proposals, one that the union cannot be affiliated to any political party neither they can include any outsiders as their members and second was that the management's decision of terminating the 11 workers, who allegedly instigated the strike is strict and will not be changed.

Tuesday cited an up in the markets enabling the Indian equity benchmarks to shut their shops with moderate gains following positive global cues. Also, the market cited some low due to higher-than-expected inflation numbers during the day but the last couple of hours recovered all those losses.

The 50-share NSE Nifty was in a narrow range of 5490-5515 the entire day and was further trying hard to hold the 5500 mark at the close also. The index finally gained 17.70 points and ended at 5,500.50 and the 30-share BSE Sensex cited a high of 42.63 points and settled at 18,308.66.

Those, who are planning to buy Honda City as their next car to serve their households with can now get the deals at lower prices as Honda Siel Cars India has recently announced on Tuesday about the new price structure that they have decided upon for its volume model Honda City, reason behind the price reduction being stated as a cost reduction effort in the supply chain and manufacturing. The reduced prices are effective from today onwards.

Children in poor countries are at similar risks of getting affected to the illnesses as are the children in wealthy areas and thus, some international donors have been led by Britain and Bill Gates, who have pledged on Monday, to spend $4.3 billion to buy vaccines to protect children in poor countries against potential killers such as diarrheal diseases and pneumonia.

Mumbai is definitely a city of dreams for many and once again Mumbai has proved it. This time, the lucky ones is the gay couple, Alan and Brian, a deaf-and-mute gay American couple, who was trying for a baby in the US for about six years but failed, post which, they decided to visit Mumbai in India to get the IVF done enabling them to complete their family.