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According to the market sources, it was revealed that Idea Cellular Ltd. (IDEA), the mobile-phone company which is owned by Indian billionaire, Kumar Mangalam Birla has fallen the most in two weeks in Mumbai trading after a court ruled against the company that the company must return overlapping licenses which were obtained from an acquisition three years ago to the government.

ECL Finance Limited bought 7,950,000 shares of Redington (India) at Rs. 91.90 on the BSE. The Standard Chartered Pvt. Equity Mauritius Ltd bought a whopping 39,736,500 shares at Rs 91.89 on the BSE.

The SC Bank's private equity arm has bought 10% staking in Redington India. The SC Bank is the oldest distributor of IT products in the country for Rs 365 crore.

Redington Mauritius has sole 3.05 crore Redignton India shares at an average of Rs 91.90 a piece. That is about a 4% premium to the scrip's closing price of Rs 88.50 on BSE on Monday.

Escorts Group in Delhi has just announced that it will make no plans to separate its three biggest businesses: agri-machinery, construction, and material handling equipment anytime soon.

A recent report in the newspaper states that the company was planning to lists its verticals but they will not longer separate the entities.

The purpose was to unlock the value of each entity and gain a good price. However, a spokesperson from Escorts states that they no longer plan to do that soon but a list opting to separate will take at least three to four years.

The Sensex dropped to the negative zone and it has made some traders a bit worried. However, the auto and IT sectors have enough strength to help the index tough a high of 18,838. The Sensex was down 55 points at 18,759 along with Nifty which was down 16 points.

A report compiled by Bloomberg has suggested a 0.2% decline in currency to 44.52 per dollar as of 10 a. m. in Mumbai. Yesterday, it has touched the strongest position since May 3 at 44.335.

Simultaneously, the overseas investors have received an applaud for dragging $1.4 billion more Indian stocks, as compared to their last week sales, suggested the exchange data. It is anticipated that the rupee will trade at 45.04 to the dollar, during the next three months.

A group of Danish researchers have suggested that wide array of painkillers including common prescriptions for treatment of inflammation , non-steroidal anti-inflammatory drugs (NSAIDS), such as ibuprofen and aspirin and advanced anti-inflammatory drugs, known as selective COX-2 inhibitors can trigger an irregular heart rhythm. The painkillers are already known to have an association with increased risk of heart attack and stroke.