Friday, June 9, 2000



Silicon Valley Saga Series


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RBI salvages rupee from record low of 44.95
The Indian rupee recovered after a massive mid-session fall to 44.95, thanks to the timely rescue by the RBI which the brought the currency to close nearly steady at 44.72/7350 in a volatile interbank foreign exchange market.




Sensex adds another 124 pts, crosses 4,700 mark
Stock markets continued their upward march with foreign institutional investors (FIIs), domestic institutional investors and local investors pitching in for old economy, infotech, telecom and pharma stocks.




Govt raises 27.5% of total loans in 2 months
The Central Government has mopped up Rs 32,183.45 crore, 27.5% of its total borrowing target for the current fiscal in the first two months itself, despite higher rates in the government securities market.




Other headlines

Saraswat Bank mired in employment controversy
NPAs of ICICI up by 9.6% at Rs 6,018 cr
Global stock plan fails to wow Asia investors
Sebi advertising code for MFs
IOC, Citibank launch global card
Tax evasion -- Oil cos say they're not to blame
BSE declares member defaulter
Rupee hits record low
Three Tata power companies to merge
Escorts to raise stake in finance arm to 70%
Marathon asks Essar to act fast on contractual obligations
Chhabria gives Rs 20 cr to Dunlop
US Judge orders split of Microsoft


 
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