Moody's cuts Japan rating one notch to Aa3

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• Moody's cuts Japan rating one notch to Aa3
• S&P chief Deven Sharma quits
• Untying web talk
• 'BPOs should cash in on global slowdown'
• Govt to PSBs: Hike tenure, not EMIs
• Maruti Suzuki suspends 2 workers
• Rupee gains 4 paise vs US dollar
• Sensex rises 156 points, IT stocks lead rally
• RBI favours splitting post of chairman, MD in PSUs
• Sensex creeps up after brief slip
• Gold hits record high of Rs 28,265
• Sensex down 51 points on profit-booking
• Rupee up 2 paise at Rs 45.65 per US dollar

Moody's cuts Japan rating one notch to Aa3 Posted: 23 Aug 2011 04:48 PM PDT Moody's Investors Service on Wednesday cut the rating on Japan's government debt by one notch to Aa3, blaming large budget deficits and the build-up of debt since the 2009 global recession.

S&P chief Deven Sharma quits Posted: 23 Aug 2011 01:13 PM PDT The Jharkhand-born Indian-American analyst who shook the world economy with an unprecedented downgrade of US credit rating earlier this month is stepping down as President of Standard & Poor (S&P).

Untying web talk Posted: 23 Aug 2011 12:32 PM PDT Like many IT professionals, Yusuf Motiwala travelled a lot. He had worked with Hughes Network Systems and Lucent Technologies in the US, Texas Instruments in India, and then did some consulting roles.

'BPOs should cash in on global slowdown' Posted: 23 Aug 2011 12:30 PM PDT The global economic conditions are looking challenging, but IT/BPO industry body Nasscom believes this adversity offers opportunities rather than threats for the Indian BPO sector.

Govt to PSBs: Hike tenure, not EMIs Posted: 23 Aug 2011 12:29 PM PDT The government has moved in to help lower the burden of rising interest rates on retail borrowers.

Maruti Suzuki suspends 2 workers Posted: 23 Aug 2011 08:36 AM PDT Maruti Suzuki on Tuesday suspended two workers at its troubled Manesar plant for instigating indiscipline on the shop floor, taking the total number of suspended workers to six at its second factory.

Rupee gains 4 paise vs US dollar Posted: 23 Aug 2011 05:57 AM PDT The rupee on Tuesday gained 4 paise to close at 45.63/64 against the US dollar on dollar selling by exporters and firm equity markets.

Sensex rises 156 points, IT stocks lead rally Posted: 23 Aug 2011 04:12 AM PDT The Bombay Stock Exchange benchmark Sensex today added over 156 points as investors picked up stocks, particularly IT shares, available at lower levels after recent losses, amid firming global cues.

RBI favours splitting post of chairman, MD in PSUs Posted: 23 Aug 2011 01:57 AM PDT Reserve Bank governor D Subbarao on Tuesday favoured bifurcation of the posts of chairman and managing director in state-run banks, saying the experience of such a split in the private sector has been satisfactory.

Sensex creeps up after brief slip Posted: 23 Aug 2011 12:29 AM PDT Sensex crept up around noon on Tuesday, after briefly slipping into the red, amid positive cues from other Asian bourses.

Gold hits record high of Rs 28,265 Posted: 22 Aug 2011 11:16 PM PDT India's benchmark gold futures continued their gaining streak on Tuesday morning and hit a fresh peak of 28,265 rupees, buoyed by a rally in the world market.

Sensex down 51 points on profit-booking Posted: 22 Aug 2011 10:12 PM PDT The Bombay Stock Exchange benchmark sensex declined by nearly 51 points in cautious opening trade on Tuesday as funds and retail investors locked in gains recorded in the previous session.

Rupee up 2 paise at Rs 45.65 per US dollar Posted: 22 Aug 2011 09:44 PM PDT The Indian rupee opened 2 paise higher at Rs 45.65 per US dollar on the Interbank Foreign Exchange on Tuesday, largely on dollar inflows and firming Asian currencies overseas.

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