Top Global brands, NIIT Ltd Q4, BSE Sensex, NSE Nifty, Indian rupee, Gold price on May 21, 2014
Wed May 21 2014, 21:23 hrs
Reliance Industries Chairman Mukesh Ambani kept his annual salary capped at Rs 15 crore for the sixth year in a row even as the remuneration of key executives went up. Ambani, the richest Indian, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-09, foregoing almost Rs 24 crore per annum.
US search engine Google has overtaken rival technology titan Apple as the world's top brand in terms of value, global market research agency Millward Brown said today.
The company's net profit (on like-to-like basis) stood at Rs 2.7 crore in the January-March quarter of 2013.
Traders said continued selling by stockists against slackened demand at prevailing levels mainly kept pressure on gold prices.
The rupee dropped further against the pound to 99.30 from 98.69 previously. It, however, fell back slightly to 80.37 against the euro from 80.32. The rupee also turned negative to end down at 58.14 per 100 Japanese yen from 57.85.
The rupee today lost 14 paise to end at 58.77 against the dollar on sustained demand for the US currency from importers amid negative local equities. A slowdown in capital inflows also weighed on the rupee sentiment, forex dealers said.
Snapping the four-day rally on election euphoria, the BSE Sensex today fell from record highs to close 78 points lower at 24,298 on profit-booking amid weak global trends.
The four-day rally before today's losses saw the BSE Sensex and NSE Nifty climbing to life-time high of 25,375.63 and 7,563.50 points on May 16, when the Narendra Modi's BJP-led NDA swept the polls.
The 30-share Sensex, which had surged 562 points in the past four sessions, ended the day at 24,298.02, down 78.86 points or 0.32 per cent from its previous close.