Amanda Bynes responds well to medicine 'cocktail'

Amanda Bynes responds well to medicine 'cocktail'Los Angeles, August 2 : Singer Amanda Bynes is reportedly responding well to a mixture of medicines, which is being given to her at a psychiatric hospital. The doctors refer to it as a "cocktail".

After medication, Bynes, who is suspected of suffering from schizophrenia, has stopped talking to herself, and she is not 'hearing voices' unlike earlier anymore, according to a source, reports tmz. com.

I'm transparent about my relationship: Sushant Singh

Sushant-Singh-RajputMumbai, August 1 :  Bollywood actor Sushant Singh Rajput, who will next be seen in "Shuddh Desi Romance", says he never tried to hide his relationships.

"I am very transparent about my relationships. I mean I will not hesitate to say that I am in a relationship," Sushant told reporters Thursday at the launch of "Gulabi" song from his forthcoming romantic comedy "Shuddh Desi Romance" here.

The actor is dating Ankita Lokhande, his co-star from TV show "Pavitra Rishta".

Stable exchange rate is important: RBI governor

D-SubbaraoChennai, August 1 : The Reserve Bank of India (RBI) will continue its cash-tightening measures till the volatility in the foreign exchange market is controlled, said its governor Thursday stressing the importance of a stable exchange rate.

"Having a stable exchange rate is important," D. Subbarao said here while delivering the R. Venkataraman endowment lecture at the Madras School of Economics on 'Dilemmas in Central Banking'.

He said the recent cash tightening measures will not impact growth though there might be short-term pain.

The banking regulator said it is important to bring down inflation.

Essar Steel to raise $2 bn to prepay rupee debt

Essar-SteelMumbai, August 1 : Essar Steel is planning to raise $2 billion through "pre-export finance" and the money will be used for early repayment of rupee debt.

Pre-export finance is the money that is lent against confirmed orders from overseas foreign buyers.

"The move to raise $2 billion will help de-risk the company's balance sheet as the revenues of Essar Steel are dollar denominated or dollar linked and hence provides as a natural hedge for dollar debt," Essar Steel said in a statement.

The company said it had already received necessary approvals for the plan.

Reliance Communications operating income up by 3.6 percent in Q1

Reliance-CommunicationsMumbai, August 1 : Reliance Communications operating income went up by 3.6 percent during the first quarter (April-June) of 2013-14, the company said here Thursday.

It posted Rs. 5,315 crore operating income for the first quarter against Rs. 5,130 crore posted during the fourth (January-March) quarter of the last fiscal.

The company posted Rs. 1,701 crore earning before interest, taxes, depreciation and amortisation (EBITDA) in April-June quarter, which is two percent higher than the previous quarter's Rs. 1,668 crore.

TVS Motor's July sales down

TVS-MotorChennai, August 1 : Two- and three-wheeler maker TVS Motor Company Ltd sold a total of 15

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