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The Chandigarh region, which includes the city and the states of Punjab and Haryana, has enjoyed a significant growth in software exports, thanks to the encouragement the sector is receiving from the regional governments.

Omkar Rai, director general of Software Technology Parks of India (STPI), on Wednesday said that software exports from the Chandigarh region grew 20 per cent over the past year, as the region's governments provided various incentives to support the sector.

The Jet-Etihad association will strengthen both carriers as well as the economies of India and the UAE, Etihad president James Hogan said.

Naresh Goyal-led Airways on Wednesday confirmed that it had transferred equity shares worth Rs 2,060 crore or 24 per cent stake in the carrier to Etihad, adding that the strategic alliance had taken effect with immediate effect. In addition, the Indian carrier announced two board positions for nominees of Etihad.

In a bid to provide some strength to Indian capital markets, the International Finance Corporation (IFC) on Wednesday issued Global Indian Rupee Bonds worth Rs 1,000-crore (around $161 million).

It was the first tranche of the IFC's planned $1 billion Global Rupee Bond Programme, which aims to attract foreign investments at a time when the Indian economy is struggling to pull itself out of relentless slowdown.

Mumbai, Nov 21 : A benchmark index of Indian equities markets closed more than 400 points or 1.97 percent lower Thursday.

Selling pressure was seen in banking, capital goods, metal, oil and gas and healthcare sectors. All sectoral indices closed in red.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 20,579.26 points, closed at 20,229.05 points, down 406.08 points or 1.97 percent from its previous day close at 20,635.13 points.

The Sensex touched a high of 20,579.26 points and a low of 20,189.23 points intra-day.

Los Angeles, No

Agra, Nov 21 : BJP's prime ministerial candidate Narendra Modi Thursday accused the Congress of playing divisive politics and said the party was responsible for India's partition.

"Congress has always played divisive politics. At the time of independence, it divided the country," Modi said at a rally here.

"They (Congress) are not interested in development. They are habituated to playing vote bank politics. Appease 25 percent of the population and ignore the rest 75 percent," he said.