Oil fell $1 and tipped closer to $36 a barrel,extending an overnight 1.3 per cent decline.
Financial services major Barclays is to reduce its headcount by about 2,100 in investment banking and money management.
Private air carrier Kingfisher Airlines has said it has deferred its proposed flights to Hong Kong and Singapore from here due to some technical reasons.
The Indian economy may grow 6.7 per cent in the current fiscal year,Morgan Stanley said.
The board would ask the clients to pay advance against dues to tide over immediate liquidity needs.
Infosys said it was not seeing any fallout of the accounting fraud at rival Satyam Computer.
Sony may post an operating loss of about $1.1 bn this financial year,its first loss in 14 years.
The Government will soon appoint more directors on the board of Satyam Computer.
Industry leaders will meet PM Singh and are likely to discuss ways to take corrective measures after Satyam fraud.
Nasscom asked IT companies to desist from weaning away clients of Satyam Computer.
Infrastructure sector output grew 2.2 pct in Nov from a year earlier,below 3.4 pct in Oct.
Domestic passenger car sales declined by 6.9 per cent in December 2008 to 82,105 units.
Union Minister of State in PMO,Prithiviraj Chavan,said the Centre is at present concerned about the future of 50,000 employees of disbanded Satyam Computers.
Trading in the securities of Indian IT company,Satyam Computer may resume on Monday,if the New York Stock Exchange finds its assessment of the company satisfactory but the exchange has warned that it may also suspend the shares if dealings were not advisable.
Indian stocks listed on the American bourses suffered a loss of close to USD 2 billion in a week.
SEBI team probing a financial fraud in Satyam reached Raju's house,but returned as the premises was locked.
Expressing solidarity with Satyam,Nasscom has asked its recruitment team not to poach anybody from Satyam.
Shares of Satyam on Friday got battered even further and witnessed a level of Rs 6.30.
Shares in Maytas Infra opened down 4.98 per cent,the maximum daily limit,at 150.80 rupees.
BSE said it will replace Satyam Computers with Sun Pharma in Sensex with effect from Jan 12.
World football body FIFA,one of the most coveted clients of Satyam said it was closely monitoring developments.
The Ramalinga Raju family promoted Maytas Infrastructure on Thursday said its chairman and non-executive director R C Sinha has tendered his resignation.
Govt has asked the registrar of cos in Hyderabad,where Satyam is based,to file a report.
TV Mohandas Pai,Director-HR,Infosys expressed deep shock at events unfolded at Satyam.
Lenovo announced a broad restructuring on Thursday,including a lay-off of 2,500 workers.