Rattled Re & mkts; Raghuram Rajan as new RBI chief dominate news

THE ECONOMIC TIMES Tue, Aug 06, 2013 | 06:24 PM IST Daily Newsletter

Rupee hits record low, pares losses as new RBI chief named The rupee fell to a record low, raising prospects for fresh measures to bolster a currency which has tumbled more tha... Raghuram Rajan appointed as next RBI Governor for three years, to succeed Subbarao Apart from a sound understanding of the economic and financial system, Rajan is also familiar with key players in the... Sensex plunges 450 points, Nifty slips way below 5,600 Sensex plunged 450 pts to end below the 19,000-mark after five weeks on massive all-round selling as the rupee hit a ... Infosys faces discrimination lawsuit in the US The class action suit against Infosys alleges that its hiring policies discriminate against American workers in favor...

FEATURED STORIES Why IT cos are shying away from government projects While earlier they would throw their hats in the ring for virtually every government project, even the largest IT cos... read more Washington Post, Newsweek & Boston Globe: New trophies »  Now, micro-chip in Pashmina shawls to assure authenticity »

Popular Stories Eight smart money moves to make before the age of 30 The $7 trillion problem that could sink Asia Tata Motors cuts Pantnagar unit workforce by 21% in drive to cut costs Rented your property? Steps to take if a tenant refuses to vacate

I think it is (attack on Indian jawans) extremely unfortunate, it is reprehensible.... Manish Tewari ,Information & Broadcasting Minister ,Govt of India

Latest Updates Black Tuesday: What analysts make of slide in markets Indian markets came under tremendous selling pressure on Tuesday as measures taken by the RBI failed to stem rupee fa... 125 stocks that hit 52-week low on BSE-500 At uncertain times like these, investors can look at IT and pharma sectors, say analysts.... India's post-harvest losses over Rs 2L cr annually: Assocham India's post-harvest fruit and vegetable losses are over Rs 2 lakh crore annually, owing to inadequate cold storage f... Ultra HNIs pessimistic about economic recovery: Study High-networth Households (HNHs) in India have become cautious while making discretionary purchases....

Market Watch 6 Aug | 06:24PM SENSEX 18733.04 â†" -449.22 NIFTY 5542.25 â†" -143.15 USD/INR 60.64 â†" -0.32 GOLD (Rs/10g.) 27751.00 â†" -105.00

MARKET NEWS NSEL fiasco: Stock brokers, portfolio managers under Sebi scanner Sebi has received complaints that some brokers were offering high returns by asking clients to place one-day buy orde... 125 stocks that hit 52-week low on BSE-500 At uncertain times like these, investors can look at IT and pharma sectors, say analysts....

Gainers Losers 6 Aug, 2013, 06:24PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Taneja Aerospace & Aviation Ltd. 15.06 20.00 5817 15.06 13.00 Simbhaoli Sugars Ltd. 17.15 19.93 406 17.15 15.00 B L Kashyap & Sons Ltd. 5.01 17.88 58374 5.10 4.10

FEATURED SLIDESHOW Why illegal sand-mining continues to flourish Twenty movies that have made it to the Rs 100 crore club Why Ubuntu Edge is generating so much buzz Sri Lanka launches Chinese-built mega port more slideshows

FROM THE NEWSPAPER General Motors' Tavera recall: 35 executives in India sacked GM India has axed several dozen officials across its two plants in Talegaon, Maharashtra, and Halol, Gujarat, and its... Economy mimics Parliament, goes from bad to worse The HSBC Services Business Activity Index fell to 47.9 in July from 51.7 in the previous month, the lowest reading si... How four women mutual fund managers are defying odds & breaking through In the male bastion that is fund management, with visible and invisible ceilings, these four women are defying the od... Perfetti elevates Sameer Suneja to global role; first non-Italian to head Suneja will become the third Indian to head a global consumer company after PepsiCo's Indra Nooyi and Reckitt Benckis... Non-IIT and second-tier engineering colleges looking for ways to beat placement blues Non-IIT and second-tier colleges are inviting more companies, settling for lower salaries and are encouraging more st...

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