Mumbai

Sensex down by over 700 points

Sensex down by over 700 pointsMumbai, Sept 15 : The Bombay Stock Exchange (BSE) benchmark Sensex fell by 772.62 points this morning following the U. S. investment bank Lehman Brothers filing for bankruptcy.

The Nifty of the National Stock Exchange also dipped below 4,000-mark by falling 242.40 points after banking stocks led by ICICI and HDFC Bank slipped sharply.

Realty stocks are among the worst hit. The Realty index has gone down by over 7 per cent. IT and power stocks have also plunged sharply by 5.25 per cent to 6 per cent.

Work on reprocessing agreement within 6 months: Kakodkar

India & IAEAMumbai, Sept 12 : Atomic Energy Commission Chairman Anil Kakodkar on Friday said that India and the United States will work on a reprocessing agreement within six months after the 123 agreement is passed by the US Congress.

Kakodkar said that consultations on arrangements and procedures with the US on reprocessing would have to be completed within a year as per the 123 Agreement.

"The idea is, after the US Congressional vote on 123 Agreement, to complete the formalities on reprocessing agreement," Kakodar said.

US national Haywood is no longer a suspect: Mumbai Police

Mumbai, Sept 12 : US national Kenneth Haywood, who left the country while facing a probe in the multiple blasts that killed 57 people in Ahmedabad returned to India and presented himself before the Anti-Terrorism Squad (ATS) office in Mumbai on Thursday to clear his name.

ATS’Additional Commissioner of Police Param Bir Singh said that Haywood was no more under suspicion and will be called for statement if a need arises.

"As I told you that at this point of time we don''t have any suspicion against him as per the enquiries that have been conducted till now. And we don''t find need of any narco- analysis," Singh told reporters.

Raj Thackeray withdraws stir after accepting Bachchan''s apology

Raj Thackeray Mumbai, Sept 11 : Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Thursday said he has accepted Amitabh Bachchan’s apology and added that he is withdrawing his party’s agitation over Jaya Bachchan’s alleged "anti-Marathi" remarks.

Speaking to media, Raj Thackeray said: “We accept Big B’s apology because he went public and we are withdrawing our agitation.”

He further said that Jaya Bachchan should not speak on issues that she has no idea of, adding that, she should not speak impromptu and should stick to a script.

Jet Airways chief Naresh Goyal gets UK award

Jet AirwaysMumbai, Sept. 11 : The Chairman of Jet Airways, India’s premier private international airline, Naresh Goyal, was honoured with the ‘Business Person of the Year’ award at the prestigious UK Trade and Investment India Business Awards 2008, here on Tuesday.

This distinction was conferred upon Goyal for his significant contribution to India-UK business relations and for making the UK a strategic and pivotal destination in Jet Airways’ aggressive international expansion plans.

Too early to take call on inflation: RBI Governor

Reserve Bank of IndiaMumbai, Sept 10 : The new Reserve Bank of India (RBI) Governor, Dr. Duvvuri Subbarao, has said India''s inflation rate is showing some signs of moderation but, it is still too early to conclude whether it represents a discernable trend.

Subbarao, who took over from Y. V. Reddy on Friday revealed this at his first news conference on Tuesday.

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