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Fri,24 May 2013

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Malvinder hits back, says Daiichi trying to shift blame from itself

A day after Japanese drugmaker Daiichi Sankyo legal threat against Ranbaxy, founder Malvinder Mohan Singh hits back saying that the Japanese drug giant was “trying desperately to shift the blame away from itself.” Gaurav Choudhury reports. The root of the dispute

Sensex falls 388 points on US stimulus scare

The BSE Sensex on Thursday plummeted 388 points, or 1.9%, to 19,674 on Thursday in line with nervous global markets after concerns that the US may scale down its bond-buying stimulus to inject money supply for growth. HT reports. Dollar-induced doldrums

Nissan to recall 841,000 vehicles due to steering wheel glitch

Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No 2 automaker said today.

Steps to boost foreign investment coming soon

In a big new round of reforms, the government is likely to announce a slew of measures to boost foreign fund flows into India and pep up a falling rupee. Gaurav Choudhury reports. Doors open wider

As rupee falls to 8-1/2 month low, more weakness in store

The rupee slid to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as worries about a potential pullback in the US monetary stimulus programme sparked a shift sway from riskier currencies.

Sensex down 364 points at mid-session on US stimulus, China worries

Sensex down 131 pts in late morning deals

The BSE Sensex today fell by over 131 points in late morning trade on continued selling pressure and heavy profit-booking in realty, capital goods, power, consumer durables and banking, amid bearish Asian cues.

US bill on H1-B clears first hurdle

The US immigration bill that intends to restrict H-1B visa-dependent Indian IT firms’ ability to hire more foreign workers, including people from India, crossed a key hurdle on Tuesday. Yashwant Raj reports.

FDs are better bets

With the Sensex showing signs of nervousness and volatility after crossing 20,000, many experts feel that putting money in equities may not offer returns that are commensurate with the risk involved. Manu P Toms reports. Money talk

Govt to plug regulatory gaps to beat Ponzis: FM

Amid a nationwide outcry over Ponzi schemes causing huge losses to common people, finance minister P Chidambaram on Wednesday said there are regulatory gaps in the financial sector and efforts are being made to frame a new law to address the gaps.

Just Dial IPO over-subscribed 11.63 times on last day

In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue today.

Bullish on India, First Solar scouts for partnerships

Describing Indian market as an attractive and big for solar power, equipment maker First Solar has said it is looking for partnerships to strengthen business activities in the country.

Rajat Gupta seeks re-trial over insider trading case

Lawyer for Rajat Gupta, told the 2nd US Circuit Court of Appeals in New York that wiretaps played for the jury were inadmissible because they amounted to hearsay evidence.

Rupee snaps initial gain, down 4 paise

The rupee snapped its initial gains to trade down by 4 paise at 55.45 against the dollar in late morning today deals following fresh demand of dollars from importers and some banks.

Sensex rises 91 points in early trade

The BSE benchmark Sensex today rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues.

Technology start-ups look to JustDial IPO for cue

At least a dozen start-ups are anxiously awaiting the final subscription numbers for JustDial's initial public offering (IPO) to get a sense of the market mood. HT reports.

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