Market
India’s Satyam chief resigns-Ramalinga Raju:
Satyam Computer plunged into a deep crisis, as B Ramalinga Raju resigned as its chairman after admitting to a Rs.65.92-billion (Rs.6,592-crore) fraud and subjected himself to the “laws of land.” Read More
Transporters strike :The nation-wide transporters strike entered the fourth day on Thursday with both truckers and government refusing to stand down from their stated positions. Read More
Rupee depreciates to 48.20 against dollar
29-Dec:The Indian rupee after appreciating by 26 paise in the opening trade, turned weak to trade 32 paise down against the US currency at 1100 hrs on capital outflow concerns in line with weak trend on the domestic bourses.
In quiet trade at the Interbank Foreign Exchange (forex) market, the domestic currency strengthened to Rs 48.20 after steady opening at 48.45/47 a dollar from its last close of 48.45/46 against the greenback and later fell by 32 paise to 48.78 at 1100 hrs.
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Injuction to boast the economy- $4b economic stimulus package:To counter the impact of global recession on the Indian economy, the Indian government yesterday (December 7) announced a package which will increase its development expenditure, ease funds availability for infrastructure and provide cheaper credit for housing and labour-intensive exports. Read More
