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The market regulator Securities and Exchange Board of India, also known as SEBI, has put forward a new proposal that many believe would increase transparency and improve the performance of mutual funds and stock markets.

The growth of the Indian auto market has attracted the attention of a number of foreign owned auto manufacturers and also given prominence to a number of indigenous firms. This attention is expected only to grow as India’s automobile market is set to sell over six million vehicles annually by the year 2020.

In order to find their place in this growing market, companies like Bajaj Auto, Renault India, and Nissan are looking to develop the right products at the right price for Indian consumers.

On Wednesday, the Tata Consultancy Services Ltd. has assured its investors that the demand for outsourcing services has remained strong in the market, despite the economic downfall in the biggest outsourcing markets of the U. S. and Europe.

The Tata Consultancy Services has revealed that there was a 2% growth in the U. S. economy as compared to 3.6% last year. The company has said that the little change in the growth will not have an adverse impact on it US-based clients.

On Wednesday, the Kolkata High Court has ordered the Lawyer of Tata Motors, Samaraditya Pal to serve a notice to the Bengal Government after the Singur bill was scrapped.

Under a new act rolled out by the West Bengal's Trinamool Congress government, led by Mamata Banerjee, Tata Motors was directed to return the land which they had acquired from the unwilling farmers for Tata Motors' Nano car plant in Singur. The Tata Motors rejected to follow the ruling and challenged the decision of the government in Kolkata High Court.

The partially convertible rupee was at 44.82/83 per dollar as it was little unchanged from Tuesday’s close of 44.84/85. During the Wednesday trading, rupee has swung between 44.8025 and 44.8700.

The Indian benchmark share index was up 0.01% after increasing 0.7% in early trades before falling.

On Wednesday, India’s benchmark stock index, Bombay Stock Exchange (BSE) dangled between gains and losses. The BSE opened at 17,659.37 points down from 37.43 points or 0.21% from its previous close at 17,560.3 points.

The BSE rose 10.52 or 0.1% to 17,570.82 at 1:12 p. m. 17,570.82 at 1:12 p. m. in Mumbai gained 0.2% and was at 5,287.50. The BSE index was at 2,183.05.