Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Foxtons soars on stock market debut (FT)

Foxtons made a strong stock market debut on Friday, providing further evidence of a recovery in both share offerings and the residential property market in the UK.

India raises rates amid inflation worries (FT)

The Reserve Bank of India on Friday confounded market predictions and raised its key interest rate by 25 basis points, citing the threat of rising inflation.

John Lewis fixed price of sports bras, claims OFT (Telegraph)

The Office of Fair Trading has alleged that bra maker DB Apparel and retailers John Lewis, Debenhams and House of Fraser agreed to fix the price of its sports bras.