Twelve people were reported dead and more than twenty five injured, even as reports come in, in an accident involving an APSRTC bus falling downhill on the Hindupur - Madakasira ghat road.

An Andhra Pradesh State Road Transportation Corporation (APSRTC) bus carrying more than fifty people, mostly students coming from Madakasira town to Hindupur for higher studies, started from Madakasira to Penukonda at around 7:45.

Indonesian search and rescue teams hunting for the wreck of an AirAsia passenger jet have located the tail of the aircraft underwater, agency chief Fransiskus Bambang Soelistyo told reporters on Wednesday.

We have found the tail that has been our main target today, said Mr. Soelistyo. The tail part has been found and confirmed at a position in our second priority sector.

Infosys, the country’s second-largest IT services exporter, is likely to lower its revenue guidance for FY15 — largely due to the impact of cross-currency movements while managing to hold on to the operating profit margins in the October-December period, which is seasonally a weak quarter for the software exporters, according to brokerage houses.

In a relief to IT firm Tech Mahindra, the High Court of Judicature here dismissed a petition filed by Enforcement Directorate (ED) challenging the court's earlier decision of issuing stay orders on agency's attachment of fixed deposit worth Rs 822 crore belonging to the company.

In 2012, the ED had issued attachment orders freezing fixed deposits of Mahindra Satyam (now merged into Tech Mahindra) in connection with its probe in a money laundering case.

Market regulator Sebi has sought clarifications from the merchant banker of Videocon D2H Ltd, the satellite television arm of Videocon Group, regarding the company's proposed Rs 700 crore initial public offer (IPO).

Without disclosing the details of clarifications sought, Securities and Exchange Board of India (Sebi) has said that "clarifications (are) awaited from Lead Manager" for the proposed public offer.

Indian satellite television operator Videocon d2h Ltd has agreed to sell shares worth up to $375 million to U.S.-based Silver Eagle Acquisition Corp and the proceeds will be used to expand its services.

Silver Eagle will own between 33.5 percent and 38.6 percent of Videocon d2h for $300 million to $375 million, the two firms said in a statement late on Monday. The deal will result in the listing of the Indian company in the United States.

Trade unions today began a five-day coal industry strike, terming it as the biggest industrial action for any sector since 1977.

The unions have gone on strike to protest against 'disinvestment and restructuring of state-run Coal India' and to press for their other demands including the roll-back of what they call as 'process of denationalising of coal sector'.

More than 8,000 people have died of Ebola in the three worst-affected countries of Guinea, Liberia and Sierra Leone, the World Health Organization (WHO) said on Monday.

Japanese telecom giant NTT Docomo has dragged Tatas to an arbitration court, alleging that the Indian firm failed to honour commitment to buy its Rs 7,250 crore stake in their joint venture Tata Teleservices Ltd.

Docomo had in April last year announced plans to exit the joint venture by selling its 26.5% stake.

Larsen and Toubro (L&T) is trading higher by 2% at Rs 1,570 on NSE after the company said it has won orders worth of Rs 4,006 crore in the month of December 2014.

The construction arm of L&T has won orders worth Rs 4,006 crore across various business segments in the month of December’14 in both the domestic and international markets, L&T said in a statement.

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