Monday, October 4, 2010

Controversy hits BSNL CMD hunt

Controversy hits BSNL CMD hunt


Controversy hits BSNL CMD hunt

Posted: 04 Oct 2010 04:28 PM PDT

The telecom ministry is finding itself in the eye of a fresh storm with allegations that it is using suspicious and surreptitious means for the appointment of BSNL's chairman and managing director.

No need to cap FII flow: FM

Posted: 04 Oct 2010 04:39 PM PDT

There is no need to intervene in the forex markets or cap foreign portfolio inflows, which have pushed the rupee to more than five-and-half-month highs, the finance minister said.

Rich invest in gold to counter downturn

Posted: 04 Oct 2010 04:30 PM PDT

Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler said.

SKS springs a surprise, sacks CEO

Posted: 04 Oct 2010 04:35 PM PDT

SKS Microfinance on Monday said it has terminated the services of Suresh Gurumani as managing director & chief executive officer, but did not cite any reason for this drastic step.

Sensex closes at 33-month high

Posted: 04 Oct 2010 04:10 AM PDT

The Bombay Stock Exchange benchmark Sensex on Monday rose by 31 points to close at a 33-month high on sustained buying by funds and retail investors.

Rupee falls by 11 paise vs dollar

Posted: 04 Oct 2010 06:10 AM PDT

The rupee on Monday weakened by 11 paise to settle at 44.58/59 against the US currency following dollar demand from importers.

Sanofi's $18.5bn hostile takeover bid for Genzyme

Posted: 04 Oct 2010 03:42 AM PDT

French drug-maker Sanofi-aventis on Monday made a $18.5 billion hostile takeover offer for Genzyme Corp, attributing the move to the American entity's refusal to engage in "constructive discussions".

In Pics: Richest Indians

Posted: 04 Oct 2010 01:55 AM PDT

Iraq boasts 3rd largest oil reserves, overtakes Iran

Posted: 04 Oct 2010 01:50 AM PDT

Iraq reported on Monday a sharp rise in its proven oil reserves to 143.1 billion barrels, a major boost to a war-battered country heavily dependent on crude and seeking to rebuild its economy.

Rupee gains 20 paise against US dollar

Posted: 03 Oct 2010 09:40 PM PDT

The Indian rupee gained 20 paise to a five-month high of Rs 44.27 against the US dollar in opening trade at the Interbank Foreign Exchange today.

No need to cap FII flow: FM

Posted: 04 Oct 2010 04:39 PM PDT

There is no need to intervene in the forex markets or cap foreign portfolio inflows, which have pushed the rupee to more than five-and-half-month highs, the finance minister said.

US deficit is 'real and growing' threat: Ben Bernanke

Posted: 04 Oct 2010 04:59 PM PDT

Federal Reserve chairman Ben Bernanke on Monday called for quick and decisive steps to rein in the exploding US budget deficit, warning failure to act could result in a serious crisis.

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