Sensex sinks below 20K, Phaneesh Murthy may face court, wait for US green card could be ending & other top news

THE ECONOMIC TIMES Thu, May 23, 2013 | 05:03 PM IST Daily Newsletter

Phaneesh Murthy may face court in iGate sexual harassment On behalf of Araceli Roiz, the law firm Aiman-Smith & Marcy is contemplating next steps, which will certainly include court action. Long wait for an US green card could be ending Senate Judiciary Committee approved a broad overhaul of the nation’s immigration laws on a bipartisan vote, and sent the measure to the full Senate.

Story of The Day Sensex sinks below 20,000; five reasons why markets came under pressure “Post one way upside rally in Indian markets, profit booking was very much expected," said Siddharth Sedani of Microsec. read more

Popular Stories iGate: Sexual harassment claim may cost Phaneesh Murthy his career Post Phaneesh Murthy's sexual harassment episode, iGate goes off air Maruti DZire outsells Swift in April but falls short of bestseller Alto by Just 400 units The 'Rupee dilemma': What can be done? Tax refund - A long wait? Here is how to ensure a timely receipt IPL spot-fixing: Sreesanth could stay behind bars for life as Delhi Police charge him under Sec 409 of IPC

Market Watch 23 May | 05:03PM SENSEX 19674.33↓-387.91 NIFTY 5967.05↓-127.45 USD/INR 54.89↑0.11 GOLD (Rs/10g.) 26338.00↑375.00

Latest Updates Investors should use correction as buying opportunity: Dinesh Thakkar "In the coming months, we expect the Indian markets to relatively outperform other global markets and cross new highs." Gold down by Rs 20 on sustained selling, global cues Gold prices today fell for the second straight session by losing Rs 20 to Rs 27,000 per 10 grams in the national capital due to sustained selling. India issues new guidelines for API exports to EU With an aim to boost pharmaceutical exports, the govt said it has issued new guidelines to comply with the EU Good Manufacturing Practice standards. FM seeks to soothe investor nerves as markets slump The increased liquidity created by these US bond purchases are seen by analysts as having contributed to flows into emerging markets such as India. Salora inks distribution pact with Alcatel The alliance will help make available Alcatel smart phones at all major retail outlets as well as with distributors and sub distributors through Salora's supply chain network. UK regulator fines JPMorgan 3 mn pounds The failings were not corrected until the watchdog brought them to the firm's attention in the course of its wider review of wealth management firms.

Gainers Losers 23 May, 2013, 05:03PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Richa Industries Ltd. 17.55 19.80 1 17.55 17.55 Eskay Kn'IT (India) Ltd. 0.75 17.19 54994 0.76 0.67 Ambica Agarbathies & Aroma Industries Ltd. 3.78 17.03 1133 3.78 3.05 Asian Hotels (East) Ltd. 170.00 16.76 36 170.00 145.05 Ashima Ltd. 3.49 16.72 10 3.49 3.49

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