Rupee shoots up to 49.30 against dollar

October 1st, 2009 NEW DELHI - India's exports in the five months since April have dipped 31 percent in dollar terms and 20.4 percent in rupee terms, government data released Thursday said. Imports fell 32.4 percent in dollar terms and 23.9 percent in rupee terms during the same period.

September 8th, 2009 Oil shoots above $71 a barrel on weak dollarCrude prices settled above $71 a barrel Tuesday as a falling dollar pushed investors to seek out commodities such as oil and gold. Benchmark crude for October delivery gained $3.08 to settle at $71.10 a barrel on the New York Mercantile Exchange.

June 18th, 2009 BANGALORE - Global recession and slowdown in the domestic market impacted the Indian biotech industry last fiscal, resulting in a year-on-year (YoY) growth declining to 18 percent from 34 percent notched in 2007-08. According to data released Thursday at Bangalore Bio 2009, India's premier biotech event, the industry grew to Rs.12,137 crore from Rs.10,274 crore the previous fiscal, reflecting an increase of 18 percent.

June 17th, 2009 COIMBATORE - Union Textiles Minister Dayanidhi Maran has said that the government would try to achieve seven to eight per cent growth in the industry during the current fiscal year, April 2009-March'10. This would generate more than two million jobs every year, he said.

May 5th, 2009 MUMBAI - Citibank N.A. today announced the launch of the Preferred Rupee Checking Account, a one-of-a-kind niche offering for Non Resident Indians (NRI).

April 30th, 2009 Alabama man sleeps with gun and shoots himselfNORTHPORT, Ala. — A 24-year-old man likely will rethink his habit of sleeping with a gun after police said his 40-caliber pistol discharged and hit him in the shoulder on Wednesday.

April 28th, 2009 BANGALORE - A steady weakening of the rupee in the volatile currency market has lowered the consolidated net profit of biotechnology major Biocon group to Rs.93.1 crore in 2008-09 from Rs.464 crore the year before, registering a whopping decline of 80 percent. 'Unpredictable rupee depreciation induced by global economic crisis has adversely impacted our consolidated earnings wherein losses of Rs.147 crore on account of mark-to-market (MTM) were provided,' Biocon chairperson Kiran Mazumdar-Shaw told reporters here Tuesday.

April 25th, 2009 LONDON - Hollywood actor Brad Pitt is taking flying lessons while girlfriend Angelina Jolie shoots her new movie in New York. The couple and their six children have set up home in the outskirts of the city while Jolie shoots for 'Salt', reports contactmusic.com.

April 16th, 2009 BANGALORE - Infosys Technologies, India's second largest IT bellwether, attributes the projected revenue growth decline for the first time since its inception to the global meltdown. 'Yes, this is the first time for the full year we have given a guidance of de-growth year-on-year (YoY), as we have never faced this kind of uncertainty, which comes across once in a lifetime,' Infosys chief executive S.

April 9th, 2009 MUMBAI - The Indian Rupee on Thursday depreciated to an all time low of 50.02 against the US currency. It had ended at 50.20 on Wednesday.

March 15th, 2009 MUMBAI - India's gems and jewellery exports declined 34.57 percent in February owing to the sharp depreciation of the rupee and slower demand, according to data released Saturday. The Gems and Jewellery Export Promotion Council (GJEPC) said gems and jewellery exports fell 34.57 percent to $1.22 billion (Rs.5.91 billion) last month from $1.86 billion in the same period last year.

February 28th, 2009 MUMBAI - The Indian rupee closed at a new low of Rs.51.10/12 against one US dollar as importers stepped up demand for the greenback and foreign investors pulled out $59.20 million from capital markets during the day. The rupee had touched a historic intra-day low at Rs.51.17 to a dollar but recovered to close at Rs.51.10-levels.

February 27th, 2009 MUMBAI - The Indian rupee touched a new low Friday when it slipped in afternoon trading to Rs.51 against a dollar on heavy demand for the US currency. Around 1:45 p.m., the rupee recovered marginally to 50.73 as state-run banks intervened on behalf of the Reserve Bank of India.

February 15th, 2009 NEW DELHI - The major part of the government's revenue comes from borrowings. Consequently, the biggest chunk of expenditure is on interest payments.

January 14th, 2009 LONDON - A senior economic aide to British Premier Gordon Brown has been criticised after saying she sees 'green shoots' of recovery amid the current economic downturn. 'It's a very uncertain world right now globally but I wouldn't want to be the one predicting it.