PADANIYA - The time is always right to do what is right

Mumbai: In a highly volatile trade, the Sensex Monday tumbled 244 points as RBI unexpectedly kept lending rates unchanged sparking off hectic selling, especially in interest-sensitive stocks banks, realty and auto.

Facebook Inc’s initial public offering has so far generated lower-than-expected demand from institutional investors who are concerned about the company’s growth prospects, people with knowledge of the matter said.

NEW DELHI: Economic intelligence agencies have informed the  Finance Ministry  that a major chunk of illegal funds and  black money  is being generated and routed in the  real estate  sector of the country. 

New Delhi:  Indian babus tried to persuade S&P men to raise its rating , but were rudely shocked at what transpired thereafter. Standard & Poor's (S&P) credit analyst Takahira Ogawa listened politely as Indian govt officials at the finance ministry made an hour-long pitch for a ratings upgrade, citing economic growth prospects, revenues and their efforts to contain the government's fiscal deficit.

The Indonesian president said on Wednesday there was no immediate threat of a tsunami from an 8.6-magnitude earthquake that struck off Sumatra island. Indonesia has issued its own tsunami warning and an Indian Ocean-wide alert was also issued after the quake, but  President Susilo Bambang  Yudhoyono said there was no immediate threat.