Seeking shareholders' approval for sale of 24 percent stake to Abu Dhabi-based Etihad, Jet Airways Chairman Naresh Goyal on Friday said this strategic alliance would improve the Indian carrier's profitability and lower the costs.

US President Barack Obama will deliver a major policy speech on counter-terrorism, including the controversial drone strikes and the terrorism detention policy center in Guantanamo, the White House said.

Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said.

Faced with declining growth, the Reserve Bank is likely to cut repo rate and Cash Reserve Ratio (CRR) by about 0.25 percent each to spur demand and boost industrial output.

Industrial production growth accelerated to 2.5 percent in March from a year earlier, government data showed on Friday.

Bihar Chief Minister Nitish Kumar defended his repeated demand for special status to the state saying it (the status) will boost private investment in a big way to accelerate its industrial development.

Central paramilitary force CISF will hold an 'all women' recruitment rally for the first time, to induct them in its constabulary.

A parliamentary Panel has slammed the discriminatory policy adopted by country's premier investigative agency CBI in promotion of officers joining on deputation basis and members of its own cadre who, it said, are kept at "disadvantageous position" in career growth.

The BSE benchmark Sensex on Wednesday rose by a massive 491 points to close at 27-month high at 20,213 on buying mainly in banking and interest-senstive stocks, after RBI said low inflation numbers will be taken into account in its next monetary policy on June 17.

Prices of 348 medicines, including life saving drugs, will be cheaper soon by up to 80 percent as the new Drug Price Control Order has come into effect.