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NSEL defaults sixth time; pays only Rs 11.45 crore to investors

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New Delhi: Crisis-ridden National Spot Exchange Ltd (NSEL) on Tuesday made the sixth straight payment default, as it could pay only Rs 11.45 crore to investors out of the scheduled amount of Rs 174.7

United Spirits appoints Anand Kripalu as next MD and CEO


New Delhi: United Spirits Ltd (USL) on Tuesday said its board has appointed Anand Kripalu as CEO-Designate of USL with effect from 1 October 2013 and he will assume charge as MD and CEO on May 1 2014

Rupee weakens further by 15 paise to 62.75 vs USD on demand


The rupee on Tuesday weakened for the third straight session, moving lower by another 15 paise to close at 62.75 against the dollar on month-end demand from importers as the US currency strengthened overseas.

Apple sells 9 million 5s, 5c iPhones in first three days


Apple Inc said it sold 9 million iPhone 5s and iPhone 5c models in their first three days on the market, the most successful iPhone launch ever.
Apple shares rose more than 5 percent to $493.47 in ea

Convergys confident about India growth; investing $25 million


BPO major Convergys is confident about India’s growth story, which is one of the reasons behind the firm investing over $ 25 million (about Rs 157 crore) in centres and real estate in the country.

Sensex down 363 points as rate hike fear hits banks


Falling for the second day, the Bombay Stock Exchange (BSE) benchmark Sensex Monday ended about 363 points lower at 19,900.96 as investors continued to unwind positions in banking, realty and capital goods stocks on heightened fears that the Reserve Bank of India (RBI) will hike repo rates further to curb inflation.

India most vulnerable to capital outflows: Moody’s


India is among the countries that are most vulnerable to capital outflows as it relies heavily on external funding, global credit rating agency Moody’s cautioned Monday.

Rupee down 37 paise against dollar

The Indian rupee continued to fall against the American currency, declining by 37 paise in the late morning trade to 62.60 per dollar on persistent dollar demand from banks and month-end buying from importers coupled with higher dollar overseas.

RBI sets up panel to frame vision for financial inclusion


Mumbai: The Reserve Bank on Monday announced a 13-member committee, including former Citibank CEO Vikram Pandit and Axis Bank chief Shikha Sharma, to frame a "clear and detailed" vision for financial

Vodafone to directly recruit talent from top Indian institutes

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New Delhi: The country's second largest telecom operator Vodafone on Monday announced a new progamme under which it will visit top 20 Indian business and technology institutes to directly recruit tal

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.