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Troubled low-cost carrier SpiceJet has informed the Bombay Stock Exchange that current promoter Kalanithi Maran aims to transfer ownership and management control of the company to new investors led by founder-promoter Ajay Singh.
The decision to revitalise the airline, which has liabilities of about Rs 1,400 crore and accumulated losses over Rs 3,000 crore, was taken at a Board meeting held on Thursday....

The Telecom Regulatory Authority of India (Trai) on Thursday returned the clarifications sought by the Telecom Commission, the highest decision-making body in the department of telecommunications (DoT), without any change to the suggested 2,100-MHz spectrum...

After declining for six months, wholesale price index (WPI)-based inflation rose marginally to 0.11 per cent in December from zero per cent the previous month, mainly on account of an increase in prices of food items, particularly fruit.
However, inflation in manufactured products, which have the highest weight on WPI (almost 65 per cent), declined on low demand and global cues. Fuel prices also declined as global crude oil rates fell, official data showed on Wednesday....

European shares sank for a third day on Tuesday as a slide in oil prices showed no sign of easing off, supporting traditional safe-haven assets such as top-rated government bonds, the Japanese yen and the Swiss franc.
Asian shares had slumped overnight after another day of drama on oil markets that drove US crude to less than $50 a barrel for the first time since the first half of 2009 and handed Wall Street its worst losses in three months....