US stocks fell more than 2% on Wednesday, putting the S&P 500 on track for its biggest drop since June, as investors shifted their focus to a looming fiscal showdown in Congress after President Barack Obama's re-election.

Law minister Ashwani Kumar and Bajaj Auto chairman Rahul Bajaj got into a verbal spat at a panel discussion during the World Economic Forum’s Indian conference. The session, “Rebooting India”, focused on ways to revive the economy.

Plan Comm deputy chairman Montek Singh Ahluwalia on Wednesday stressed the need for speedy resolutions on the issue of price pooling for domestic and imported fuel coal and gas for the fuel-starved power plants in India. HT reports.

US stocks fell more than 2% on Wednesday, putting the S&P 500 on track for its biggest drop since June, as investors shifted their focus to a looming fiscal showdown in Congress after President Barack Obama's re-election.

MMTC has been in the bullion trade for many years and over the years has transformed itself into one of the largest bullion importers in the subcontinent. As part of its commitment to bullion industry, MMTC hosts the Festival of Gold exhibition. Ved Prakash, director (marketing- precious metals) spoke to HT on a range of issues. Excerpts.

With an eye on high-end consumers, India's water purifier market leader Eureka Forbes has forged a 50:50 joint venture with UK-based Waterlogic to develop premium water purification products and solutions. The companies will invest $10 million ( Rs. 54 crore) over 5 years to bring their products into the market.

Law minister Ashwani Kumar and Bajaj Auto chairman Rahul Bajaj got into a verbal spat at a panel discussion during the World Economic Forum’s Indian conference. The session, “Rebooting India”, focused on ways to revive the economy.

Spending on the social sector is expected to come down, with the finance ministry informing central ministries that their allocation may be cut by 40% this financial year to effect fiscal consolidation.