The Aditya Birla Group today announced that it has agreed to take a 27.5% stake in Living Media India Ltd. (India Today Group), through a private investment company.

Indian equities pared most of its losses due to some buying interest seen in index pivotals despite weak global cues. Auto, capital goods and metal stocks traded lower.

MUMBAI: The Nifty is off intraday lows on the back of some short coverings at lower levels, dealers said. They are advising exit on pullbacks as the market trend remains bearish due to weak global cues.

By Goldennifty about 19 hours ago SENSEX TUMBLES 227 PTS IN OPENING TRADE DATE: 16/05/2012 Indian markets dropped in early trade on Wednesday erasing earlier gains.

The central zone in Orissa may prove to be the most lucrative for private power distribution companies despite it recording the highest losses among the four power distribution zones in the state.