Shares in India’s largest microlender SKS Microfinance fell more than 14 per cent on Monday, the second straight trading day of heavy losses, following an analyst downgrade and weak earnings.

Indian equities markets on Monday closed on a flat note with a benchmark index ending a volatile day of trading dull. Broader indices too ended in the red.

Assured of a berth in the play-offs, table-toppers Mumbai Indians will start outright favourites when they take on bottom-ranked Kings XI Punjab in an Indian Premier League encounter at the PCA stadium here on Tuesday.

Signalling a potential re-alignment of political forces in Maharashtra, a prominent Dalit party on Monday agreed to join hands with the saffron brigade on common issues to counter the Congress-Nationalist Congress Party ruling combine.

A Mumbai sessions court on Monday extended the judicial custody of alleged tax evader and money launderer Hasan Ali Khan till May 11.

Shiv Sena chief Bal Thackeray on Saturday hit back at Union agriculture minister Sharad Pawar for saying that he did not discuss major issues like the Jaitapur Nuclear Power Plant (JNPP) with "kids" — an oblique reference to his son Uddhav Thackeray.

In order to commemorate the 150th birth anniversary of Nobel laureate Rabindra Nath Tagore, Enlighten Film Society will organise a film festival based on his text in Mumbai in August — but before that two films will be screened in May as a beginning.

Indian Navy and coast guard have thwarted an attack by Somalian pirates on a foreign merchant vessel with Chinese crew members in the Arabian Sea, a senior official said on Friday.

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at Rs 44.78 per dollar and the euro at Rs 65.27 per euro, as against Rs 44.57 per dollar and Rs 66.23 per euro on Thursday.

The Enforcement Directorate has suspended an officer for allegedly conducting a shoddy probe into the Hasan Ali Khan case in 2007.