RBI hikes bank rate, CRR to prop up falling rupee
The Reserve Bank of India on Friday sprang a surprise by announcing a series of tough measures to stem the rupee fall, but raised the spectre of higher interest rates.



L&T net profit crashes 76 pc to Rs 19 cr
Larsen & Toubro, the diversified congolmerate, has posted disastrous quarterly results with net profit during the three-month period ended June 2000 plunging by 76% to Rs 18.88 crore from Rs 79.25 crore last year.



Sensex crashes by another 112 points
Heavy selling in an already weak market resulted into a 112-point fall in the benchmark Sensex on Friday.



Other headlines
Maruti's market share falls to 42.99 pc
Internet users set to double this year
Rupee plunges to all-time low of Rs 45.01
Thermax directors quit, major overhaul on anvil
Govt clears FDI worth Rs 727 cr
GoM to sort out DTS employees' issues by August 15
Market may fall further
AI pilots to bid for controlling shares
Interest rates may go up, corporates worried