Mumbai

PSU banks should be allowed to recruit from IITs, IIMs: SBI

SBIMumbai: The country's largest lender, SBI has said that public sector banks should be given an opportunity to tap the best talent from premier institutes like IITs and IIMs.

"The public money goes into formation of the institutions like IITs and IIMs. From all of these good institutions, which nurture the best talents of the country, the public sector banks are barred from recruitment," SBI chairperson Arundhati Bhattacharya said at a recent event.

She said currently the Supreme Court does not allow state-run banks to go for campus recruitment to these premier institutions as every vacancy has to be advertised so that everyone should be able to participate in it.

'Bigg Boss 8' winner Gautam Gulati to try luck in films next

Gautam GulatiMumbai: TV actor Gautam Gulati wants to cut his teeth in Bollywood post emerging victorious on the celebrity reality show 'Bigg Boss 8 - Halla Bol'.

Gautam, 27, beat other finalists Karishma Tanna, Pritam Singh, Ali Quli Mirza and Dimpy to become the winner of the four month-long season of the show.

The young star, who played the second fiddle on popular daily soap 'Diya Aur Baati Hum', has reportedly been offered a lot of film projects.

Asked about trying his luck in the silver screen, the actor said, "I will take a break first and spend time with my family. After that, I will focus on films."

RBI may cut interest rate further in policy review this week

New Delhi/Mumbai - The RBI may cut its policy rate further by 0.25 percent this week to boost growth, as inflation remains under control and fiscal situation appears better following a record CIL disinvestment.

RBI, which last month announced a surprise rate cut of 25 basis points after maintaining a hawkish monetary stance for 20 months, is scheduled to undertake its sixth bi-monthly monetary policy review, 2014-15 on Tuesday, February 3.

My feelings for Upen were real: Karishma Tanna

Mumbai - Actress Karishma Tanna says her much-talked about romance with actor and fellow contestant Upen Patel on reality show 'Bigg Boss' was not fake, contrary to what other contestants said.

Karishma earlier said on the show that she was committed to a businessman and would marry him once the show ends. The actress raised eyebrows when she showed affection towards Upen without formally ending her relationship with her boyfriend.

"My feelings for Upen were real. I am not a person to compromise on my priorities and family just for a show. I was true to him and to my feelings. I will never create a romantic angle to survive on a game show.

Tech Mahindra net down 20% to Rs 805 crore on currency loss, wage hikes

Tech MahindraMumbai : Tech Mahindra on Friday reported a 20.25 percent drop in its December quarter net at Rs 805.3 crore due to currency losses and wage hikes.

The IT services provider had posted a post-tax profit of Rs 1,009 crore in the year ago period.

Overall revenue grew to Rs 5,751.17 crore in the third quarter under review, up from Rs 4,898.5 crore in the year-ago period. The operating profit was also up at Rs 1,160 crore as against Rs 1,136 crore last year.

Rupee recovers 12 paise at 61.74 against US dollar

Rupee upMumbai: The rupee recovered by 12 paise to 61.74 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on fresh selling of the American currency by exporters.

Forex dealers said the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market also supported the rupee.

The rupee had lost 45 paise against the dollar yesterday, its worst single-session drop in nearly seven weeks, to end at 61.86 on month-end dollar demand from importers and banks amid speculation that the

US Federal Reserve is considering raising interest rates later this year.

Sensex hits another peak of 29,844.16; Nifty at 8,996.60

Sensex upMumbai: The BSE Sensex continued its record setting spree and hit a new peak of 29,844.16 and the NSE Nifty inched towards the 9,000-level in early trade on Friday on robust fund inflows and sustained optimism over the upcoming Budget.

The 30-share index rose by 162.39 points, or 0.54 per cent, to hit a new peak of 29,844.16 (intra-day), breaking its previous record of 29,786.32 touched on January 28.

In previous ten sessions, the Sensex had recorded a massive rise of over 2,346 points, or more than 8 per cent.

Stocks of realty, power, IT, capital goods, PSU and oil & gas sectors, led the rise.

Rupee down 7 paise at 61.48 against US dollar

Rupee downMumbai: The rupee fell by seven paise to 61.48 against the dollar in early trade on Thursday at the Interbank Foreign Exchange due to appreciation of the Greenback against other currencies overseas.

Dealers attributed the fall to the dollar's gains against other currencies overseas and month-end demand from importers for the US currency.

Besides, a lower opening in domestic equity market put pressure on the rupee.

Yesterday, the rupee closed unchanged against the US dollar at 61.41 ahead of the outcome of the US Federal Reserve's policy meeting.

Meanwhile, the benchmark BSE Sensex was down by 152.74 points, or 0.51 per cent, at 29,406.44 in early trade today.--PTI

Sensex falls 152 points on profit-booking, global cues

Sensex fallsMumbai: The benchmark BSE Sensex fell over 152 points in early trade on Thursday as participants locked-in gains in bluechip stocks amid caution in view of monthly expiry in the derivatives segment.

Besides, profit-booking in with stocks of metals, PSU, banking, power, infrastructure, auto and healthcare sectors, negatively impacted trading sentiments.

The 30-share barometer, which had retreated from its record-high by falling 11.86 points in yesterday's highly volatile session, fell further by 152.74 points, or 0.51 percent, to 29,406.44.

The National Stock Exchange index Nifty also slipped from record-high and shed 52.80 points, or 0.59 percent, to 8,861.50.

Sensex off record-high; falls 58 points in early trade

Sensex DownMumbai: Snapping its bull-run for eight consecutive sessions, the benchmark BSE Sensex fell over 58 points in early trade on Wednesday as participants locked-in gains at current levels amid a weak trend overseas.

Besides, profit-booking in stocks of realty, auto, metal, banking, capital goods and oil & gas sectors, negatively impacted trading sentiments.

The 30-share barometer fell by 58.56 points, or 0.19 percent, to 29,512.48. The gauge had rallied by 2,224.22 points in the previous eight straight sessions on the back of sustained foreign fund inflows.

Rupee down 10 paise to 61.51 against dollar in early trade

Rupee downMumbai: The rupee fell by 10 paise to 61.51 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.

Forex dealers attributed the domestic currency's fall to the dollar's gains against other global currencies and a lower opening in the domestic equity market.

The rupee had ended marginally higher by one paisa at 61.41 against the American currency in yesterday's trade amid volatile markets on the back of a higher dollar overseas.

Meanwhile, the benchmark BSE Sensex was down by 58.46 points, or 0.19 percent, at 29,512.48 in early trade today.--PTI

Rupee down 9 paise to 61.51 against dollar in early trade

Rupee downMumbai: The rupee depreciated by 9 paise to 61.51 in early trade on Tuesday at the Interbank Foreign Exchange market on fresh demand for the American currency from importers.

Dealers said fresh demand for the American currency from importers mainly put pressure on the rupee but a higher opening in the domestic equity market and the dollar's weakness against other currencies overseas, capped the losses.

The rupee had ended higher by 28 paise at 61.42 against the US currency in Friday's trade on fresh selling of dollars by banks and exporters on persistent foreign capital inflows into equity market.

Forex market remained closed yesterday on account of "Republic Day".

Sensex, Nifty extend record-breaking spree on fund inflows

Sensex upMumbai: Continuing their record-breaking spree, markets on Tuesday hit new highs with the BSE Sensex scaling another peak of 29,456.63 and the NSE Nifty soared to 8,878.20 in opening trade on sustained capital inflows.

Besides, markets were buoyed by optimism over upcoming Budget and quarterly earnings amidst positive domestic factors and mixed global cues.

The benchmark BSE Sensex climbed by 177.79 points, or 0.60 per cent, to trade at a new high of 29,456.63, breaking its previous record of 29,408.73 reached on Friday.

Stocks of capital goods, power, consumer durables, auto, FMCG, banking, infrastructure and realty sectors led the rally and rose up to 2.11 per cent.

Rupee ends higher by 28 paise at 61.42 Vs USD

RupeeMumbai: The rupee ended higher by 28 paise at 61.42 against the US currency Friday on fresh selling of dollars by banks and exporters on persistent foreign capital inflows into equity market.

Banks and exporters preferred to reduce their dollar position on hopes of further capital inflows as foreign portfolio investors infused USD 107.22 million yesterday as per the SEBI's record.

The rupee opened higher at 61.45 per dollar as against the last closing level of 61.70 per dollar at the Interbank Foreign Exchange (Forex) market and hovered in a range of 61.3650 and 61.6050 during the day.

It closed at 61.42 per dollar, showing a gain of 28 paise of 0.45 percent.

Rupee gains 35 paise to 61.35 against dollar in early trade

Mumbai - The rupee strengthened by 35 paise to 61.35 against the dollar in early trade today at the Interbank Foreign Exchange on strong selling of the US currency by exporters amid sustained capital inflows.

Forex dealers said besides selling of the American currency by exporters, continued overseas capital inflows and soaring domestic equity markets supported the rupee.

They said, however, euro sinking to its lowest level in more than a decade against the US dollar after the ECB announced stimulus programme capped the rupee's gains.

Sensex, Nifty extend record-breaking spree on global cues

Mumbai - Extending their bull run for the seventh straight session, the BSE Sensex scaled another peak of 29,389.18 and the NSE Nifty breached the 8,800-mark for the first time in opening trade, driven by positive global cues triggered by European Central Bank's stimulus measures.

The benchmark BSE Sensex climbed 383.16 points, or 1.32 percent, to trade at a new high of 29,389.18, breaking its previous record of 29,060.41 (intra-day) touched in yesterday's trade.

The benchmark index had gained 1,659.20 points in the previous six sessions.

Mahek Chahal eliminated from 'Bigg Boss Halla Bol'

Mumbai - Model-actress Mahek Chahal was Thursday eliminated from popular reality show 'Bigg Boss- Halla Bol', an extended segment of 'Bigg Boss 8'.

Mahek, a participant on 'Bigg Boss 5', was one of the challengers on the show, besides Sambhavna Seth, Ajaz Khan, Rahul Mahajan, and Sana Khan. She is the third challenger to be evicted after Ajaz and Sana.

The 'Nayee Padosan' actress said she is not disappointed with her exit after staying in the house for only two and a half weeks.

Rupee extends gains, up 7 paise to 61.56 against dollar in early trade

Mumbai - Extending gains for the sixth straight day, the rupee strengthened by another 7 paise to 61.56 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange amid sustained overseas capital inflows.

Traders said apart from continued selling of the American currency by exporters, a record opening in the domestic equity markets and sustained inflows of foreign funds supported the rupee.

The rupee had ended six paise higher at 61.63 against the dollar in yesterday's trade.

Sensex breaches 29,000-mark; Nifty hits new peak of 8,754

Mumbai - Continuing their record-setting spree for the third straight session, the benchmark BSE Sensex crossed the 29,000-mark for the first time and the NSE Nifty hit a new peak of 8,754.65 in opening trade today on robust fund inflows amidst a firming trend overseas.

Besides, optimism among funds and retail investors over encouraging Q3 earnings by bluechip companies, so far, also buoyed trading sentiments, brokers said.

The 30-share index crossed the landmark 29,000-level for the first time by surging 124.02 points, or 0.42 percent, to hit yet another high of 29,012.88, breaking its previous record of 28,958.10 (intra-day) touched yesterday.

PFRDA chief eyes 20% coverage of the poor by FY18

PFRDA chief eyes 20% coverage of the poor by FY18Mumbai: Pension fund regulator PFRDA Wednesday said it aims at increasing pension coverage for the deprived section to 15-20 percent over the next few years.

"Today pension coverage in the unorganised sector is a poor 3-4 percent and we want to take it to 15-20 percent in the next two-three years," Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant Contractor told reporters on the sidelines of an event here.

He said the Swavalamban scheme, which is a part of the Jan Dhan Yojana, is likely to bring in more people from the vulnerable sections under the ambit of formal pension system.




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