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Rupee off lows; no RBI hand seen

Reuters Market Eye - The rupee is off lows versus the dollar at 53.7050/7150, down from an earlier low of 53.78 in day's trade. Some selling by foreign banks on likely squaring-off of weekend positions pushes USD/INR off perch, dealers say.

Expect $30-35 bln equity dilution from Basel III - Macquarie 11:21am IST

Reuters Market Eye - The RBI directives to meet Basel III regulations could lead to an equity dilution in banks of roughly $30-35 billion over the next five years, Macquarie says.

Mark Zuckerberg, founder and CEO of Facebook, delivers a keynote address at the company's annual conference in San Francisco, California July 23, 2008. REUTERS/Kimberly White

Facebook IPO values it at up to $96 biliion

Facebook aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of companies like Google and granting it a market value close to Amazon's .  Full Article | Factbox 

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Cipla gains; CLSA says stock will 'outperform'

Shares in Cipla gain after CLSA upgrades the stock to "outperform" from "underperform", maintaining its 12-month price target at 360 rupees.  Full Article | Sensex falters, led by banking stocks 

Supporters of Pakistani religious party Jamiat-e-Ulema-e-Islam hold an image of al Qaeda leader Osama bin Laden during an anti-American rally in Quetta May 2, 2012. REUTERS/Naseer Ahmed/Files

Osama had disdain for Qaeda affiliates - letters

Osama bin Laden showed disdain for al Qaeda affiliates, fretted about his organisation's image and was deeply worried about its security, according to documents seized from his Pakistan hideout.  Full Article 

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    What happens if Hollande wins?

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