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Rupee falls to record low, spurs RBI to act

Times of India,MUMBAI: The rupee hit a record low against the dollar for a second session in a row on Thursday as global risk assets remained largely under pressure, leading the Reserve Bank of India (RBI) to intervene again, according to traders.,

HC rejects plea of striking AI pilots, says they face contempt action

Hindustan Times,PTI Coming down heavily on striking Air India pilots, the Delhi high court on Thursday said that they cannot "wilfully and flagrantly" disobey court orders to end their "illegal" strike and can face contempt action. spearheading the agitation by over ...,-,

Greeks not alone in bank savings exodus

Economic Times,LONDON/ATHENS: Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago.

Sensex up 40 pts as investors leave nervousness behind

IBNLive.com,PTI | 06:05 PM,May 17,2012 Mumbai, May 17 (PTI) After yesterday's tumble, stock markets today wiped out most of Wednesday's losses intra-day with investor sentiment reconciling to the Greek crisis. In contrast to the panic that resulted in ...,

Theft, 'dual' jobs by staff hit Air India

Financial Express,New Delhi: Air India (AI) may be struggling to stay afloat but the cash-strapped airline has been bled dry by scores of employees found to have indulged in financial and other irregularities causing loss to the state-owned carrier.,-,

Airtel slashes 3G mobile broadband rates by 70%

The Hindu,Telecom major Bharti Airtel on Thursday slashed mobile broadband rates on its 3G networks by up to 70 per cent. “Volume based browsing rate on 3G down from 10 paise per 10kb to 3 paise per 10 Kb. This will be applicable for 3G non-pack users with ...,

India makes pitches for ratings upgrade with Fitch

Economic Times,New Delhi: India made a strong case for higher ratings from global agency Fitch citing good foreign direct investment inflow and commitment to keep fiscal deficit under control. The finance ministry is keen to avoid a repeat of the embarrassing rating ...

Greeks not alone in bank savings exodus

India,By Steve Slater and George Georgiopoulos | LONDON/ATHENS () - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain ...

Bajaj Auto results below estimates, volume growth to be key driver: Analysts

Economic Times,NEW DELHI: Bajaj Auto Ltd, India's second-largest motorcycle maker, maintained its industry-leading profit margins in the fourth quarter, helped by robust sales growth amid a downturn in the industry, analysts say. The company said its operating margin ...

Mahindra Satyam posts profit of Rs 534.21 crore in Q4

Economic Times,HYDERABAD: IT firm Mahindra Satyam today reported a net profit of Rs 534.21 crore for the fourth quarter ended March 31, 2012. The city-based company had posted a net loss of Rs 327 crore in the January-March period of 2011. The company's income from ...

India cites FDI, market returns for higher ratings from Fitch

mydigitalfc.com,By PTI May 17 2012 , New Delhi foreign funds, high returns from the market and steps being taken by the government for fiscal consolidation. "We pitched for a rating upgrade. We told them look at the FDI inflows, look at the returns in the market., India

Sensex, Nifty gain on bargain hunting

Economic Times,MUMBAI: Markets edged up on Thursday as bargain hunting emerged after recent falls, while Reliance Industries gained after it was seen stepping up a buyback of shares, though sentiment remained hit by the weakening rupee. The rupee fell to a new record ...,

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