
French economy enters recession:
France has entered a recession, with negative growth expected in the third and fourth quarters of 2008, the country's national statistics agency said.

Indian equities came under heavy selling pressure amid doubts that Washington's bank bailout plan will prevent a recession in the US. The Sensex lost 529 points, led by sharp fall in ICICI Bank and RIL.

Inflation for the week ended September 20 dipped to 11.99 per cent, from 12.14 per cent in the earlier week.