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May 17: Bajaj leads with 21% margin

  • May 17: Bajaj leads with 21% margin

    May 17: Bajaj leads with 21% margin

  • Rupee hits record low on local stocks, risk aversion

    Indian currency of different denominations are seen in this picture

    The rupee fell to a new record low against the dollar on Thursday as local stocks gave up gains notched earlier in the session while the euro remained near four-month lows

    The rupee was last trading at a record low of 54.5650, breaching its previous all-time low of 54.52 hit just on Wednesday

  • Gold up 1%, comes off 4-1/2 month low

    A woman checks a gold necklace inside a jewellery showroom in Hyderabad

    Gold rose about 1% on Thursday as bargain hunters resurfaced after prices tumbled to another 4-1/2 month low in the previous session and the euro rebounded, but gains could be limited by fears of a deepening debt crisis in Greece

    Investors have unwound their bullish bets in gold, cashing in the metal to cover for losses in other markets, after the turmoil in Europe raised the spectre of a recession that threatens to hurt the global economy

  • Bharti Airtel cuts 3G mobile data prices in India

    A labourer cleans a Bharti Airtel advertisement billboard installed on a truck in Kolkata

    Bharti Airtel, India's top mobile phone operator, on Thursday cut prices of its third-generation (3G) mobile data services by about 70% under some plans, a company statement showed, in a move to boost usage of the premium services in the country

    Bharti and its rivals in the country started 3G services last year after spending a total more than $12 billion to buy airwaves in an auction

    But take-off of the services, which allow faster Internet on phones and video calls, has been slower than expected, partly due to high prices

  • Nikkei rebounds as investors go bargain hunting

    A man walks past a stock quotation board outside a brokerage in Tokyo

    The Nikkei share average rose 0.9% on Thursday as upbeat Japanese economic growth data trumped worry about Europe and investors shopped for bargains after Wednesday's market tumble left the benchmark down 14% this quarter

    Japan's economy grew 1% in January-March from the previous quarter, powering ahead of other major industrial nations thanks to the rebuilding of the tsunami-battered northeast region, solid consumer spending and recovering exports