BANGALORE - The fledgling Indian semiconductor (semicon) industry has to invest in the research and development (R&D) of nanotechnology to face the challenge of disruptive technologies and shrinking innovative product cycles, a top expert said Monday.

NEW DELHI - India's economy is likely to grow by 9 percent in 2011-12 on the back of 10.3 percent growth in services and 9.2 percent expansion in industry sector, the chairman of the prime minister's economic advisory council said Monday.

MUMBAI - A benchmark index for Indian equities markets Monday shot up in late trade led by Reliance Industries as news of its $7.2 billion deal with global energy major BP came in.

The results of the RBI Repo/Reverse Repo auctions held on February 21, 2011 are:

The Reserve Bank of India has cancelled on January 6, 2011 the certificate of registration issued to Commercial Hire Purchase (India) Ltd., having its registered office at 62, GCDA Complex, Marine Drive, Kochi-682031 for carrying on the business of a non-banking financial institution. Following rejection of the application for certificate of registration Commercial Hire Purchase (India) Ltd. cannot transact the business of a non-banking financial institution.