Nov 23, 2011

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November 23, 2011

Top Headlines

Rupee decline continues, ends at all-time closing low of 52.35
Falling for the eighth day in a row, the rupee ended at 52.35 against the US dollar amid continuing signs of captial outflows and steep fall in stock markets.

2G scam: Cheers and tears after five corporate executives get bail
Some distributed chocolates and sweets, but some broke into tears as the news of the SC granting bail to five of the 14 accused in the 2G spectrum case.

Ratan Tata's successor: Cyrus Mistry to lead Tata Group
Tata Sons, the holding company of over $80bn Tata Group, announced Cyrus Mistry, the 43-yr-old, MD of Shapoorji Pallonji Group, will succeed Ratan Tata.


Doctor attempts suicide at Delhi hospital
A resident doctor at central Delhi's Lady Hardinge Medical College Wednesday attempted suicide by jumping from the terrace of a building in the complex, police said.

Mumbai airport faced air attack threat
Government on Wednesday said Mumbai airport faced a potential threat of an air borne attack and the intelligence was shared with concerned authorities to prevent it.


Savings Bank interest rates in RRBs deregulated
The Reserve Bank of India on Wednesday deregulated interest rate on savings accounts in Regional Rural Banks, a move that will fetch better returns for its depositors.

Market crash due to FII pull-out: FM
The government today asserted that India's growth and fundamentals are strong and attributed the bloodbath in the stock markets to global factors.


Pakistan duo Butt, Aamer lose appeals
Former Pakistan captain Salman Butt and his teammate Mohammad Aamer's appeals against their jail sentences in the spot-fixing case was on Wednesday rejected by the Court of Appeal.

3rd Test: Windies amass 575/9 to frustrate India
Darren Bravo continued his dream run with a third century in four Tests to help the West Indies post a mammoth 575-9 on the second day of the third and final Test against India on Wednesday.


Aishwarya Rai's baby is most wanted
Aishwarya Rai Bachchan has joined the ranks of Hollywood celebrities like Angelina Jolie and Jennifer Lopez, whose babies were on the list of the most wanted pictures by American tabloids and celebrity weekly magazines.

Vivek's two minutes of fame at Ash's party
Not only did the actor's overzealous event manager distribute Watch Indian Circus DVDs to the media right outside Jalsa, his gun-toting bodyguards got into a tiff with a five-star hotel security team.


Idea launches sub-8K 3G mobiles
Idea Cellular, India's fourth-biggest mobile phone carrier by subscribers, launched two low-cost smartphone models as it strives to boost usage of third-generation (3G) wireless data services in a price-sensitive market.

7 projects shut by Google
Google is pulling the plug on seven projects. The plans, which Google announced on its corporate blog, represent the third so-called "spring cleaning" announcement that Google has made since Google co-founder Page took the reins in April.

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