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Rupee hits three week low


Reserve Bank of India’s (RBI) growth concerns, month-end dollar demand from importers and outward remittance from corporates dragged down the rupee by a whopping 106 paise to three-week low of 60.47, wiping out all the gains notched up on central bank’s recent liquidity tightening steps.

Sensex down by 245 points

The Bombay Stock Exchange (BSE) benchmark sensex Tuesday plunged by 245 points, extending losses for the fifth straight session, on heavy selling in oil and gas, power, PSU and auto stocks after RBI lowered its GDP forecast and kept interest rates unchanged, amid rupee again falling below the 60-mark.

After Telangana, demand for Vidarbha gains momentum

With the United Progressive Alliance (UPA) government likely to concede the demand for creation of Telangana state, the call for carving out a separate Vidarbha state out of Maharashtra has started gaining heat.

IPL spot-fixing: Bombay HC holds BCCI’s probe panel illegal

In a severe blow to Board of Control for Cricket in India (BCCI) and its president-in-exile N. Srinivasan, the Bombay high court Tuesday held as “illegal and unconstitutional” the two-member probe panel set up by it to look into spot-fixing and betting charges in the IPL tournament.

Weak rupee to adversely hit fuel prices in coming months: RBI

Reserve Bank Tuesday cautioned that rupee depreciation will have adverse impact on prices of fuel and manufactured products in the coming months even as it aims to keep inflation at five per cent by March end.

Sensex down 402 points

The benchmark S&P Bombay Stock Exchange sensex tanked a whopping 402 points to close at a two-week low of 19,748.19, breaking four weeks of uptrend, following disappointing Q1 results amid steps taken by the central bank to stem the rupee fall.

Gas price hike: Moily says govt can’t be timid

Defending the decision to double gas prices from next fiscal, oil minister M. Veerappa Moily Friday said the government cannot afford a “timid mindset” while taking policy decisions of national importance.

Sensex declines for third day, down 56 points


The Bombay Stock Exchange (BSE) benchmark sensex Friday slid for the third straight day by losing 56 points to a fresh two-week low 19,748.19 on selling in HUL and Tata Motors shares, amid nervousness in rate-sensitive sectors ahead of the RBI credit policy review next week.

Don’t poke nose into politics: Uddhav to Amartya Sen

Shiv Sena Friday deprecated BJP MP Chandan Mitra’s demand for stripping Nobel Laureate Amartya Sen of Bharat Ratna over his comments on Gujarat chief minister Narendra Modi but advised the seasoned economist “not to poke his nose” into politics.

Sensex down 286 points to two-week low

Dragged down by losses in stocks of fast moving consumer goods (FMCG) giants ITC and HUL, the benchmark S&P Bombay Stock Exchange (BSE) sensex Thursday dropped 286 points to end below the 20,000 mark at a two-week low of 19,804.76.

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