According to reports, Chhatrapati Shivaji International Airport (CSIA) will be the chief host for the upcoming Eleventh Routes Asia 2013.

Giving his views about the completion, G V Sanjeev Reddy, Mumbai International Airport Limited (MIAL) Managing Director, commented that the event would undoubtedly turn out to be the biggest Asian aviation forum to be prearranged at any Indian airport.

The Economic Offences Wing of the Mumbai police has arrested the Chief Operating Officer of Speak Asia, Tarak Bajpai, under Indian Penal Code for cheating and conspiracy and Sections 3, 4, and 5 of the Money Circulation Act.

In response to public interest litigation demanding action against the management of Speak Asia, the Bombay High Court had a discussion with the Additional Commissioner of Police, Rajvardhan Sinha, and decided to take the action.

Recent terror attacks in Mumbai, fear of growing terrorism in India and money laundering seems to be the cause of concern for Union Finance Minister Pranab Mukherjee, who asked nations to reinforce their abilities to combat money laundering and terrorist financing, by launching more effective, competent and productive campaign against this threat.

The Bombay Stock Exchange's Sensex was observed at a significantly high figure of 18371.96, up 131.28 points or 0.72% whereas the 30-share index hit a high of 18432.67 and low of 18132.70 intraday. Further, Nifty at the National Stock Exchange has reported a position at 5517.75, up 46.50 points or 0.85%.

"The trend deciding level for the day is 18,082/5,397 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,427-18,614 /5,552-5,632 levels. However, if Nifty trades below

SKS Microfinance has announced a net loss of Rs 70 crore for the period ended on March 31 because of annulment of processes in many parts of Andhra Pradesh.

For the fiscal 2010-11, the net profit of the country's first listed public company in the microfinance sector dropped 36% to Rs 111.63 crore as against Rs 173.95 crore during the previous year.

Benchmarks were seeing a relief rally after a spiky correction as investors purchased scrips across the board at attractive levels.

Banking, automobile and capital goods headed the sectoral gainers pack whereas metals and FMCG sectors remained inhibited.

Hitting new lows post 1300 hrs, Indian bourses were still under strong pressure owing to heavy selling action in rate-sensitive segment.

The Sensex dropped 321 points to 18,677, whereas the Nifty declined 96 points to trade at 5,606.

Rate-sensitive scrips remained under heavy pressure after the central bank announced a 50 basis point increase in repo, reverse repo.

The BSE Sensex declined more than 270 points during the post-noon session on Tuesday because of profit booking by funds as well as retail investors in FMCG, capital goods, automobile and banking scrips amid a feeble trend in the Asian markets.

The Sensex witnessed heavy selling action from operators prior to the termination of near-month April 2011 derivatives contract on April 28.

The Bombay Stock Exchange benchmark Sensex lost more than 170 points during the early trade owing to uncontrolled selling action in IT, teck oil & gas and power scrips amid a feeble movement in the Asian bourses.

At 11.05 a. m., the 30-share index Sensex remained down by 175.15 points to trade at 19,521.71.

At the same time, the Nifty slipped 48 points to trade at 5,863.50.

As predicted, the key Indian stock indices fell into the negative terrain during mid-morning trade after an optimistic beginning as capitalists booked some profits prior to this month's business earnings.

Also, fears over inflationary figures and its fallout on monetary plan have not departed. Even central banking institutions in the US as well as Europe are now mulling over an exit from stimulus.