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Sensex holds on to gains broader indices flat

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A benchmark index for Indian equities markets on Tuesday continued to hold on to to early gains but broader indices were flat with realty stocks on the decline. Asian cues, too, were weak.

Belarus exchange offices run out of foreign currency

Belarusian cash exchange bureaus ran out of foreign currency on Tuesday after the sudden devaluation of the national currency and a surge in exchange rates.

RBI reference rates for US dollar and euro

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at Rs 45.28 per dollar and the euro at Rs 63.61 per euro, as against Rs 44.93 per dollar and Rs 64.34 per euro on last Friday.

India’s forex reserves fall by $2.04 billion

India's foreign exchange (forex) reserves dipped by $2.04 billion to $307.49 billion for the week ended May 13 partly due to revaluation of non-dollar assets and foreign investors withdrawing money from the local markets.

Wall Street slips on worry about growth outlook

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US stocks dipped in light volume on Tuesday as oil shares' gains failed to offset lingering concerns about slow growth.

Large-cap technology positions continued to be trimmed, leading the tech-heavy

Centre to allow FDI in limited liability firms

May 24: India on Tuesday announced it would allow foreign direct investment (FDI) in limited liability partnership (LLP) firms in a calibrated manner, a move that would help attract greater overseas f

Wait for tax refunds to get longer

May 24: Your income-tax refunds could get delayed as a fall in revenue collections could force the government to go slow on settling tax claims. “The Board’s (Central Board of Direct Taxes) proposal

Sibal to scout for spectrum

May 24: With oil subsidies mounting and the tax collections not expected to meet the targets, the Centre is looking at the auction of spectrum to shore up its finances. In a letter to the finance sec

US court seeks Infy visas’ info

May 24: Amid controversies over its use of US business visas, Infosys on Tuesday said an American court has sought the documents and records related to the company’s sponsorships and utilisation of B1

Cairn rejects SG stand on royalty

May 24: UK-based Cairn Energy has contested Oil and Natural Gas Corporation’s (ONGC) claim to cost-recovery of Rs 12,600 crore in royalty payable on Cairn India’s share of oil production from the Raja

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Rape & hypocrisy

We may be thousands of miles away from the scene of action, and the culture wars across the Atlantic, but very few urban Indians today will ask “Dominique Strauss Kaun?”
A globalised world of satellite television and the Internet produces scandals without borders. So, one of the most memorable images of the past week ? that of an unshaven, manacled Dominique Strauss-Kahn

That ’70s show

Recent events in Bhatta-Parsaul, twin villages in the Greater Noida area adjoining New Delhi where land has been acquired for building the Agra highway, have kick-started the Congress’ campaign for the Uttar Pradesh Assembly election of 2012. It began when Rahul Gandhi accused the Mayawati government of “state oppression” and said “people were being murdered… women had been raped”.

Editorial

Rein in prices, create jobs. Then celebrate

The idea of holding an anniversary bash, an occasion on which a report card of the government is presented, is not native to the Congress Party. Such celebrations are not known to have been held in the time of Nehru, Indira Gandhi or P.V. Narasimha Rao. Admittedly, a Congress-led coalition such as the UPA is not the same as a Congress government proper.

Mamata makes a good beginning

To her credit, West Bengal’s new chief minister Mamata Banerjee has deviated significantly from her pre-election persona of being an unremitting agitator in whose hands, many feared, the fabric of administration would rupture, although they were still willing to bet on her in order to evict the Left. Ms Banerjee has demonstrated effectively that, politically, she can rise above her own earlier benchmarks.

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