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UK plans cutback on public sector salary increases
The British government plans to freeze the salaries of top bureaucrats and offer only minimal increases to other senior workers in an effort to control the country"s spiralling deficit, a treasury official has said.

RS adjourns after condoling sitting BJP member's death
Rajya Sabha was today adjourned for the day without transacting any business after condoling the death of sitting BJP member Suryakantabhai Acharya.

News of the day

Sun gets support of RMG in battle against Taro
Sun Pharmaceutical Industries’ attempts to take over Israeli drug major Taro Pharmaceutical is gaining more support from independent advisory firms. RiskMetrics Group’s ISS Governance Services (RMG), an independent proxy advisory firm, has recommended that shareholders of Taro Pharmaceutical Industries vote against all the proposals made by Taro’s board of directors, including all of its nominees for election and re-election as directors in the upcoming Annual General Meeting (AGM) scheduled for December 31, Sun Pharma said in a press release.
Corporate

Rupee down 8 paise at 46.28 a dollar

The Indian rupee today depreciated by 8 paise to 46.28 against the US currency in early trade on expectations of capital outflows by foreign funds. - Bull run in commodities may continue - Rupee up by 8 paise at 46.29/$ in early trade - Talking up the dollar - Rupee down 10 paise at 46.57/$ in early trade - The top 10 business bestsellers - Massive dollar influx hurting Indian exports: FIEO At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 8 paise down at 46.28 a dollar. The rupee ended 17 paise higher at 46.20/21 against the US currency in the previous session. Forex dealers said expectations of more capital outflows by foreign funds as stock market may open lower in tandem with weak Asian equity markets and demand for the US dollar from importers mainly put pressure on the Indian rupee. They said, dollar"s losses against other currencies contained the fall.


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