Mumbai: The rupee Monday fell by a whopping 71 paise to hit a new life-time low of 57.77 in trade on persistent dollar demand from importers and banks amid the US currency gaining overseas. The rupee resumed lower at 57.18 against the dollar as against the last weekend’s level of 5…

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Appointment of directors put to vote; Bombay HC to have final say The tussle between the promoters of YES Bank over board-level appointments spilled into the private lender’s annual general meeting (AGM) today, as crucial resolutions to induct three board members were opposed by severa…

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The broader markets opened higher with mid-caps and small-caps gaining nearly 0.2% on the BSE. Markets opened flat a with negative bias this Friday asinvestors traded cautiously ahead of US jobs report later today amid speculation that improvement in the U.S. economy will lead the Federa…

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The Reserve Bank of India (RBI) clarification on the final norms for new bank licences has much to mull on for the many entities interested. It has clearly ruled out any benefit to the new entrant…

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These dividends have been approved by the boards of the respective companies for the fiscal year 2012-13 Stock markets may have turned topsy-turvy, but shareholders of the 30 Sensex stocks are in for over Rs 36,000-crore bonanza in terms of dividend payouts by these companies. While pro…

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New Delhi: Pulled down by poor performance of farm, manufacturing and mining sectors, economic growth slowed to 4.8 percent in the January-March quarter and fell to a decade’s low of 5 percent for the entire 2012-13 fiscal. The economic growth or gross domestic product (GDP) had ex…

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Rollover in Nifty futures to June was at about 57% vs 60% during the previous expiry Foreign institutional investors (FIIs) carried forward their bullish equity derivatives bets to the June series on Thursday when the May contracts expired. Analysts said hopes of continued flows into Ind…

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After the US and Indian authorities, the medicines manufactured by Ranbaxy Laboratories are now under the scanner of hospitals, too. Mumbai’s leading Jaslok Hospital has already put up a notice advising its doctors to avoid prescribing Ranbaxy drugs, while some others are reviewing …

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MUMBAI: United SpiritsBSE -2.18 % on Monday said its board has approved the sale of 14.5 million shares, or 10% stake, at Rs 1,440 apiece to Relay BV, a wholly-owned arm of Diageo Plc, on a preferential basis for Rs 2,092 crore. The move comes two days after the Karnataka High Court orde…

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The shareholder agreement treats Etihad as a “public shareholder”, thereby exempting it from making an open offer Jet Airways and Etihad Airways are planning to rework the shareholder agreement to address the market regulator’s concerns about substantial management rig…

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