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Economic_Times/Business

GDP forecast revised down to 6.9 slowest pace in 3 yrs

GDP forecast revised down to 6.9%, slowest pace in 3 yrsEconomy is estimated to grow 6.9% this fiscal year as tight monetary policy and a logjam in government policy making stifles investment.




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Economic_Times/Business

MCA bans SRK from entering Wankhede stadium - The Mumbai Cricket Association (MCA) decided on Friday to ban Shah Rukh Khan from entering Wankhede stadium for a period of 5 years.


Forex reserves fall to 1.4 bn during May 11 wk - Foreign exchange reserves dipped 1.4 bn during the week ended May 11 as the central bank sold dollars to rein in the value of the rupee.




CDB signs MoU with Trinidad & Tobago - CDB & the Republic of Trinidad & Tobago has signed a MoU to encourage & develop technical collaboration b/w India & the latter for coconut industrys development.




Re fall to benefit exporters imports may be costly - Exporters feel the steep rupee depreciation will fetch them higher payments in terms of dollar, though imports of raw material could get costlier.




Court to hold inquiry in case against Army Chief - Delhi court said that it will hold an inquiry into the allegations levelled by Retd Lt Gen Tejinder Singh in a criminal defamation case filed by him against Gen V K Singh.




Facebook lists on Nasdaq Mark Zuckerberg rings opening bell - Facebook lists on Nasdaq, Mark Zuckerberg rings opening bellInternet giant, Facebook listed on the New York Stock Exchange on Friday. Facebook co-founder, Mark Zuckerberg rang Nasdaqs opening bell on the Wall Street.




Facebook IPO Mark Zuckerberg rings Nasdaq opening bell - Facebook IPO: Mark Zuckerberg rings Nasdaq opening bellMark Zuckerberg, wearing his trademark hooded sweatshirt, remotely rang the bell to open trade on the Nasdaq, marking a record-setting public offering for Facebook.


Wall Street opens higher Facebook awaited - US stocks opened higher on Friday, with the imminent market debut of Facebook helping to lift battered investor sentiment.




Gold silver jump on speculative surge - Gold prices jumped at the domestic bullion market here today on sustained speculative demand from stockists and investors on the back of bullish global trend.




Rangarajan panel for 2 mt wheat export PDS supply - C Rangarajan has suggested the govt to immediately export 2 mt of wheat from govt stocks & make additional supply of 13 mt of the grain via ration shops.




Forex reserves fall to 291.80 bn in May 11 week - Foreign exchange reserves fell to 291.802 bn as of May 11, from 293.173 bn in the previous week, the RBI said in its weekly statistical supplement on Friday.




Bank of Ireland seeking to cut more than 1K jobs - Bank of Ireland is seeking to axe more than 1,000 jobs in a voluntary redundancy deal, as part of cost-cutting measures at the group, it said on Friday.




British MPs write to Manmohan against nuke plant - A few British lawmakers have written to PM & Jayalalitha protesting against the nuclear power plant at Koodankulam in a tsunami-prone area of TN.




Cos abetting bribery need to be severely punished - Private companies indulging in bribery get away with less or no punishment because of the lacunae in Indias anti-corruption law, CVC said.




IndiGo surges past Jet Airways in mkt share - Budget carrier IndiGo has tripped countrys largest carrier Jet Airways in standalone market share, latest passenger data released by the government shows.






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