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Mar 19: Moody`s Budget blues

  • Mar 19: Moody`s Budget blues

    Mar 19: Moody`s Budget blues

  • Retail inflation rises

    Labourers work on reinforcing bars at a construction site to build a bridge on the outskirts of Ahmedabad

    FM Pranab Mukherjee said on Monday headline inflation rate, based on the wholesale price index, is likely to fluctuate for a couple of months.

    Retail inflation was at 8.83% in Feb on account of higher prices of protein based items and edible oil products.

    The wholesale price index, the country's main gauge of inflation, edged up a faster-than-expected 6.95% from a year earlier in Feb after a spike in vegetable prices fanned food inflation.

  • Nifty below 5,300

    A broker reacts while trading at a stock brokerage firm in Mumbai

    Benchmark share indices ended over 1% down on Monday, amid weak European cues, on selling pressure in index heavyweight Reliance Industries along with banking and software shares.

    The 30-share Sensex ended down 193 points or 1.1% at 17,273 and the Nifty dropped 61 points or 1.1% to 5,257.

  • PM regrets Trivedi's exit

    Dinesh Trivedi speaks with the media outside the parliament in New Delhi

    Announcing the resignation of Dinesh Trivedi, Prime Minister Manmohan Singh said he regretted the departure of the Railway Minister who had presented a budget which promised the "vision" outlined by his predecessor Mamata Banerjee.

    Singh, who was forced by the Trinamool Congress chief to remove Trivedi from the Cabinet after he proposed rail fare hike in the budget, said a new Railway Minister will be sworn in soon.

  • Apple's cash issues

    The Apple logo hangs inside the Apple Store in New York City's Grand Central Station

    Apple Inc, the world's most valuable company, is poised on Monday to confront one of the biggest questions in corporate America: what it plans to do with its $98 bn cash hoard.

    The move comes as investors have clamored for the company to return some of the money to shareholders, just days after its stock touched $600 per share

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