Sensex surges 490 points

THE ECONOMIC TIMES Wed, May 15, 2013 | 04:41 PM IST

Singapore based Mittu Chandilya appointed CEO of Air Asia India The appointment has been a much awaited decision with even the aviation minister saying that clearance will be given as soon the CEO was finalised. Govt ratifies 8.5% interest on PF deposits for 2012-13 "Finance Ministry has notified 8.5 per cent interest rate for 2012-13. It will be implemented with immediate effect," EPFO's Central PF Commissioner said.

Story of The Day Sensex surges 490 points; Nifty scales 6,100 level Foreign institutional investors pumped in dollars on hopes of interest rate cuts by the Reserve Bank of India at its policy meet next month. read more

Popular Stories Meet Bharat Parekh & Ravi Jethani: LIC agents with bigger pay than chairman DK Mehrotra Slowdown takes toll as online retailers like Flipkart, Jabong hand out pink slips Lesson from global ATM heist: India Inc is a sitting duck for cyber crooks IIMs' tryst with Chinese: Mandarin emerges as popular course at B-schools Dinesh Thakur: Meet the man who won Rs 244 cr for blowing the whistle against Ranbaxy WhatsApp to stay ads-free, tie up with more telecom firms

Market Watch 15 May | 04:41PM SENSEX 20212.96↑490.67 NIFTY 6146.75↑151.35 USD/INR 54.81↑0.02 GOLD (Rs/10g.) 26454.00↓-253.00

Latest Updates United Breweries shares surge over 3% on bourses Shares of Vijay Mallya-owned United Breweries today surged over 3%, after the company said Heineken UK Ltd has acquired 3.21% stake in it. Gold suffers 2nd biggest fall this yr; down Rs 600 Traders said hectic selling by stockists on the back of sluggish demand at prevailing higher levels and a steep fall in global markets pulled gold down. RBI to take note of falling inflation in next review Reserve Bank of India has said it would take into account falling inflation while deciding on policy initiative in its review next month. Economic confidence drops; ranks 6th globally: Sur India's economic confidence dropped last month due to plethora of corruption allegations against the Union government ministers. LinkedIn now has more than 20 million users in India India is also the second largest country in terms of members after the United States, where the number of users is about 74 million users. Amazon UK pays $3.7 mn tax on $6.5 bn sales Amazon.co.uk Limited reported the miniscule corporate income tax bill because all sales to British customers are routed through a Luxembourg affiliate.

Gainers Losers 15 May, 2013, 04:41PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Wanbury Ltd. 26.40 20.00 46582 26.40 22.20 Nectar Lifesciences Ltd. 17.25 19.96 237479 17.25 14.50 Roselabs Ltd. 26.43 19.76 48560 26.48 22.50 Vipul Ltd. 7.95 19.73 22914 7.96 6.31 Texmo Pipes & Products Ltd. 6.39 19.66 494874 6.40 5.21