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Thursday 17 May, 2012.
TOP STORY

Stocks melt as Re plummets; Sensex closes just above 16K
Stock markets tanked on Wednesday with BSE benchmark Sensex shedding over 350 points to trade below 16,000 level intra-day but it managed to close at 16,030.09, still a hefty loss of 298.16 points as the rupee plunged to record lows.

HEADLINES

3 striking AI pilots resume duty; stir continues on day 9
Three Air India pilots, who had reported sick, resumed duty on Wednesday in the first sign of an end to the nine-day stir by over 200 pilots, whose union IPG said they were open to talks with the government to resolve the deadlock.
Rupee hits all-time low of 54.46 per dollar on capital outflow
The rupee tumbled 67 paise to all-time low of Rs 54.46 against the US dollar on the forex market during the midsession on Wednesday on increased capital outflows and strong demand from importers.

India gets 46th spot in global trade logistics performance: WB
Countries like India, China and the US, which pursued aggressive reforms, have improved their global trade logistics performance despite the slowdown in progress in the sector over the last two years amid the global recession, the World Bank has said.
Oil sharply lower in Asia on eurozone worries
Oil prices fell sharply in Asian trade on Wednesday as investors fretted over political uncertainty in the eurozone, while concerns over softer US energy demand also weighed.

CORPORATE NEWS
Yahoo names Levinsohn interim CEO
CURRENCIES Price +/-
 As on 17-May-2012

SECTOR UPDATES
Govt notifies free sugar exports
STOCKS Price +/-
 As on 17-May-2012
OTHER TOP STORIES

Oil cos to cut jet fuel prices by Rs 273 per kl
India decides to cut crude oil import from Iran by over 11 pc
Inflation rises to 7.23 pc in Apr; vegetable prices shoot up
Rahul Khullar to be the new TRAI Chairman
More ...

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CURRENT AFFAIRS
Cannes film festival curtain up with comedy, chaos
Comedy will dominate the opening of the Cannes film festival on Wednesday, with Wes Anderson's child fantasy "Moonrise Kingdom" in a tussle with Sacha Baron Cohen's anarchic alter ego General Aladeen for the attention of the world's media.
BULLION Price +/-
 As on 17-May-2012
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