Reliance Communications and Reliance Infrastructure Replaced by Coal India and Sun Pharma in Sensex

Reliance Communications and Reliance Infrastructure Replaced by Coal India and Sun Pharma in SensexBombay Stock Exchange is reported to have finally decided to remove mobile operator Reliance Communications and power utility Reliance Infrastructure, controlled by billionaire Anil Ambani, from the benchmark index.

Also, the companies were said to be the two worst Sensex performers, as Reliance Communications was down this year by 35% and Power Utility Reliance Infrastructure by 32%, with the main index dropping by 12%.

Rajinikanth thanks fans for prayers

Rajinikanth thanks fans for prayersChennai, June 18 : Tamil megastar Rajinikanth, who is convalescing in Singapore, Saturday thanked his fans for praying for his recovery and said he would make them happy in his next movie "Rana".

In a four-page letter to his ardent fans, released to the media here, Rajinikanth said: "I was at loss for words when I sat to write to fans soon after getting discharged from the hospital."

He apologised for talking to them after speaking to Tamil Nadu Chief Minister J. Jayalalithaa and DMK president M. Karunanidhi.

Sensex slumps 398 points on rates hike

Sensex slumps 398 points on rates hikeMumbai, June 18 : A benchmark index of Indian equities markets slumped over two percent this week as investor-sentiments were dampened after the Reserve Bank of India hiked key policy rates and indicated that inflation may remain stubbornly high and growth moderate leading to decline in company-earnings.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) slumped 2.18 percent or 398.01 points to 17,870.53 points during the weekly trade. The benchmark Sensex had lost 116.36 points in the previous week.

Honoured to be in our father's shadow: Amaan-Ayaan

Honoured to be in our father's shadow: Amaan-AyaanNew Delhi, June 18 : They have been playing sarod for over 15 years, but Amaan and Ayaan Ali Khan are quite happy under the shadow of their father, sarod maestro Amjad Ali Khan, because he is the "best".

"It's an honour to be in the shadow of the best!" Ayaan told IANS Saturday, a day ahead of Father's Day.

Though Amjad, Amaan and Ayaan are a treat for the ears whenever they perform together, the two brothers are also trying to carve their own niche.

Amitabh smitten by kids' singing talent

Amitabh BachchanNew Delhi, June 18 : The little kids in Zee TV's singing reality show "Sa Re Ga Ma Pa Lil Champs" have found a fan in megastar Amitabh Bachchan. The actor says he is amazed to see the confidence that the young singers possess.

"What talent and what an amazing bunch of little kids, singing like senior professionals... just unbelievable! Moved me to tears just seeing them perform," Amitabh posted on his blog bigb. bigadda. com.

India's forex reserves drop by $2.4 billion

India's forex reserves drop by $2.4 billionMumbai, June 18 : India's foreign exchange (forex) reserves declined by $2.40 billion to $310.50 billion for the week ended June 10 from $312.90 billion in the previous week due to a sharp drop in the value of foreign currency assets.

The forex reserve has dropped for the first time in the last four reporting week. The country's foreign exchange reserves kitty had increased by $5.41 billion during the previous three reporting weeks. The forex reserves had increased by $2.69 billion in the week ended June 3.

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