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As the Indian Government considers the response of 12 May from its Telecom Regulator regarding spectrum auctions,

High inflation dashes hopes of rate cut

High inflation dashes hopes of rate cut; Mkts down for 5th day Indian stocks fell for the fifth day in a row with BSE barometer Sensex today closing 77 points down on intense selling triggered by concerns that the rise in inflation will dim chances of further rate cuts.Armin van Buuren 5-23-12 Shares of Larsen & Toubro (L&T) today rose by nearly 2 per cent on the bourses after the engineering and construction major reported a growth of 13.89 per cent in standalone net profit for the quarter ended March 31, 2012.Calvin Harris 5-18-12 Don't let the hoodie and sneakers fool you. Mark Zuckerberg is no wet-behind-the-ears CEO. Facebook's chief executive turns 28 on Monday, setting in motion the social network's biggest week ever.Rusko & Andy C 6-1-12

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The rupee came very close to falling below the psychologically key 54-level .

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ICICI Bank, HDFC Bank and Axis Bank -- to D+ from C- to align them with the sovereign rating.

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The trailer for Salman Khan's new film Ek Tha Tiger is out, and it promises some terrific action!