May 22, 2012
The rupee plunged below the psychological 55-level to close at all-time low of 55.04 against the dollar amid robust demand for the US currency from banks and importers, but there was no visible RBI action to shore up the domestic unit from its record low levels.
At the Interbank Foreign Exchange (Forex) market, the domestic unit opened slightly lower at 54.45 a dollar from last weekend's close of 54.42 and immediately touched a high of 54.44.
May 22, 2012
Royal Challengers Bangalore player Luke Pomersbach, accused of molesting an American woman and assaulting her boyfriend, on Monday confessed to his crime, stating that he might have touched the victim unintentionally. In an initial statement given to police, has also accepted of being in an inebriated state.
May 22, 2012
Emboldened by Amma J Jayalalithaa’s blessings, former Lok Sabha speaker P A Sangma reasserted his candidature in the race to Raisina Hill on Monday. More interestingly, Sangma feels that Finance Minister Pranab Mukherjee is overqualified for the President’s job.
May 21, 2012
NEW BRUNSWICK, N.J. — The former Rutgers University student convicted of bias intimidation for using a webcam to see his roommate and another man kissing days before the roommate committed suicide is getting a 30-day jail term and then probation.
May 21, 2012
KABUL: As NATO discusses its exit from Afghanistan at a summit in Chicago, Afghans fear that a meltdown in their corruption-plagued economy could follow the consequent drop in foreign funding.
May 21, 2012
CHICAGO: President Obama was struggling to balance the United States’ relationship with two crucial but difficult allies on Sunday, after a deal to reopen supply lines through Pakistan to Afghanistan fell apart just as Mr. Obama began talks on ending the NATO alliance’s combat role in the Afghan war.
May 21, 2012
LONDON: Some 12,500 officers will be deployed daily during the Olympic Games in the country's largest ever pre-planned policing operation, according to the Metropolitan force.
May 21, 2012
Shiv Sena executive president Uddhav Thackeray said he is not in favour of banning the controversy-ridden Indian Premier League (IPL). IPL is a good entertainment for sports lovers cutting across age groups, Uddhav told reporters.
"Just get rid of the evils like fixing, bookies and incidents like the Shah Rukh-MCA officials brawl. Otherwise, IPL is good," he added.
May 21, 2012
Dismissing the perception of policy paralysis surrounding the union government, Planning Commission Deputy Chairman Montek Singh Ahluwalia feels the government should raise petroleum prices as part of tough decisions and to attract international investment.
He feels people must be educated on the importance of raising fuel prices so that petroleum sector does not go bankrupt.
May 21, 2012
The monthly pension of Rs. 200 given to the elderly is "an insult to the dignity of an individual", rural development minister Jairam Ramesh has said, requesting the Prime Minister to immediately review the scheme.
