News: Stories

They sell dreams and win our hearts. They might not know us, but we make them stars. They are our celebs and we are their fans. Often we come across reports on how some fans have pleased or even harassed their favourite celebrity stars. To an extent, the stars have no option but take severe actions against their admirers.

The rupee yesterday plunged to a historic low of 54.56 a dollar, before closing slightly better at 54.49 despite RBI's intervention, raising widespread concerns about the health of the economy.

The Indian rupee extended it previous sessions’ losses and started off on an even lower note today. After closing on a the year’s low of 53.9 per dollar yesterday, the local currency today breached the 54 mark and came close its all-time low of 54.3 per dollar.

Gold price continues to move downhill on back of global cues. The bullion dropped to the lowest price this year as euro weakened to a four-month low against the US dollar on concerns over worsening debt crisis in Greece.

Asia Pacific’s financial services group CLSA’s report on FII has a sorry picture for Indian dedicated funds. The report shows that while FIIs market ownership has risen to a five-year high, proportion of India dedicated funds has dipped to an all-time low.

After starting-off on a weak note, today, Asian stocks gyrated between gains and losses as a positive earnings outlook from companies including Toyota Motors Corp overshadowed concerns over Greece.

Asian markets are trading with losses, such that the the region’s benchmark index is heading for its lowest close in three months. US markets too ended in the negative zone; with the S&P500 falling to the lowest level in almost a month.

While Hillary Clinton is seeking more proactive participation from India in imposing financial sanctions on Iran, it seems the government has already decided to cut down import of crude from Iran.

World's second largest TV maker LG Electronics plans to launch Google TV in United States, as early as May 21.

Asian markets opened the day on a positive note, with the regional benchmark index rebounding from its biggest loss in six months. This rise came in after Hong Kong Exchanges & Clearing Ltd posted income that beat analysts’ estimates.