Most Asian markets opened down on Thursday morning, following another nightmare day's trading in Europe and the US. Agency reports said European governments scrambled to reassure turbulent markets after the continent's major stock exchanges plunged Wednesday amid concerns that core eurozone economies such as France and Italy were saddled with unsustainable public debt.

Comptroller and Auditor General (CAG) has said that “undue favour” was shown to Emaar MGF in the award of the contract for construction of Commonwealth Games residential complex.

Although India’s policy-makers moved to soothe the nervous markets with reassurances on the economy’s fundamentals, stocks fell on Monday, catching the global flu in the aftermath of the US credit-rating downgrade by Standards and Poor’s (S&P) on last week

The Finance Ministry on Monday hoped that that recent downgrade of the US will bring down headline inflation. The rating agency Standard and Poor’s lowering the rating of US on Thursday has brought down the prices of major commodities such as crude

The Brihanmumbai Municipal Corporation (BMC) has been insisting that the bigger companies that handle infrastructure projects have their own reasons for staying away from bidding for the Rs 550-crore road project, but a close look at clauses and conditions in the tender show that they are designed unattractively for anyone but its usual set of contractors.