Thursday, May 15, 2008

Weak rupee may not bail out exporters
15 May 2008, 0052 hrs IST , M Allirajan

The rupee breaching the Rs 42-mark to the dollar may have brought some relief to exporters, who were hit hard by a strong rupee and high input costs.

Cement, steel makers agree to cut prices
15 May 2008, 0107 hrs IST

Steel secretary RS Pandey has said that the secondary steel producers have assured that they will hold the new reduced price line for the next three months.

DoT dials PM, finmin on spectrum
15 May 2008, 0109 hrs IST , Shalini Singh

TRAI is now insisting that 3G auctions be restricted to existing UAS (universal access service) licensees (2G) alone, which, by keeping out aggressive global bidders threatens to have a restrictive effect on prices.

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Intl Business India Business
Worst of financial crisis over: IMF chief

15 May 2008, 1655 hrs IST
The worst of the financial sector crisis is over although the impact on the broader economy will likely drags on in coming months, IMF managing director Dominique Strauss-Kahn said.

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'No global recovery before '09'
Vijay Bhatnagar appointed ArcelorMittal India CEO
MySpace wins $230M spam judgment, believed to be largest ever
Mittal is chairman of ArcelorMittal
'US slowdown to hit Asia in mid-2008'

Benchmarks end over 2% higher

15 May 2008, 1642 hrs IST
Buying interest towards end of trade saw benchmarks end sharply higher on Thursday. Reliance Communications and Hindalco Industries both up over 5 per cent were major benchmark gainers.

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Core infrastructure growth at 9.6 pc
FM for further cut in cement prices
SEBI clears Reliance Infratel IPO
Sensex opens 160 points up
DoT dials PM, finmin on spectrum


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