Top trending stories - 7 take-aways from RBI's policy, Indian IT create jobs in US & other news

THE ECONOMIC TIMES Fri, May 03, 2013 | 06:44 PM IST Daily Newsletter

Indian techies create jobs in US & don't use up most of the yearly H-1B allotment: Study Between fiscal 2006 and 2011, the top 25 India-based cos utilised between 6 & 15% of the new H-1B visa approved for initial employment. Samsung launches 8-inch Galaxy Note 510 tablet in India at Rs 30,900 The 3G-enabled tablet is powered by Android Jelly Bean OS and runs on 1.6 GHz quad-core processor with 2 GB (RAM), Samsung Electronics said.

Story of The Day Seven take-aways for common-man from RBI's monetary statement Observing opaqueness in loan procedures, discrepancy in charges, RBI has proposed steps to make banking system more transparent. read more

Popular Stories Billion-dollar team: How Micromax is gearing up to touch $1-bn mark Restaurants step up deals & discounts as footfalls drop after rise in menu rates US Green Card lottery: Around 100,000 people chosen from several million With $145 billion cash, Apple could acquire Facebook, HP & Yahoo; why is Apple borrowing? Vineet Nayar on 13 leadership ideas that will transform your life RBI cuts repo rate by 25 bps, CRR unchanged at 4%

Market Watch 3 May | 06:44PM SENSEX 19575.64↓-160.13 NIFTY 5944.00↓-55.35 USD/INR 53.95↑0.13 GOLD (Rs/10g.) 26837.00↓-77.00

Latest Updates Gujarat NRE approves investments of Rs 2,050 cr Gujarat NRE Coke Ltd, the flagship company of Gujarat NRE group, today said its board has approved investments of Rs 2,050 crore. RBI to buy bonds up to Rs 100 bn on May 7 RBI will buy 8.07 per cent 2017-July bonds, 7.35 per cent 2024 bonds, 8.20 per cent 2025 bonds and 8.28 per cent 2032 bonds. Tea production in Assam's Barak valley on sharp decline Tea production in the Barak valley in Assam has seen a sharp decline of 67% for the period upto April 24 from 6.49 million kgs in 2012 to 2.16 million kgs this year. 'India needs structural reforms to return to 8-9% growth' ADB said India should continue to undertake structural reforms and increase investments in order to get back to 8-9 per cent growth track in the long term. Dailymotion looks ahead despite scuppered Yahoo deal The head of Dailymotion, the video-sharing site at the centre of an uproar after the French state blocked its sale to Yahoo!, said there was still a lot of interest abroad for his firm. Ericsson sees tough fight in Chinese 4G Ericsson expects cut-throat competition between teleco equipment makers as China prepares to spend bln of dollars on high-speed networks.

Gainers Losers 3 May, 2013, 06:44PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Precision Pipes & Profiles Company Ltd. 43.60 19.94 5018 43.60 36.40 Super Tex Industries Ltd. 2.59 19.91 220 2.59 1.86 Saboo Sodium Chloro Ltd. 8.97 19.44 11 8.97 6.21 Parrys Sugar Industries Ltd. 25.05 18.44 737 25.05 24.40 Malu Paper Mills Ltd. 9.00 18.42 551 9.00 7.50

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