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Bernanke says Fed will keep eye on sliding dollar
Federal Reserve Chairman Ben Bernanke has said that the central bank will monitor the sliding U.S. Dollar but pledged anew to keep interest rates at record lows to nurture the economic recovery.

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Tata Comm, Qatari co in pact for undersea cable
Tata Communications has signed an agreement with the Qatar-based Qtel for a new undersea cable network that will connect a number of regional operators in the Gulf region with the country.

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Bollywood-multiplex stand-off may end before June 12
Millions of fans of Hindi movies will soon be able to watch their favourite Bollywood films in multiplexes, with highly-placed sources in the film production and exhibition business saying a resolution is expected before June 12 to the two-month dispute over revenue-sharing between producers, distributors and multiplex owners.
Corporate

Sensex ends up 35pts

The Sensex has ended (provisional) at 16,393 - up 35 points. The Nifty ended (provisional) at 4,916 - up 34 points. ____________________________________________________ Rupee gains 14 paise at 46.23/$ in early trade Asian markets erase partial gains Banks not ready to withdraw prepayment penalty on foreclosure Tata Motors has appreciated by 3.1% at Rs 716, M&M has added 2.8% to Rs 1,048 and Jaiprakash Associates has strengthened by 2.7% at Rs 141. Reliance Communication and Sun Pharma are the other prominent gainers. On the loser"s side, Hindustan Unilever is down 2.7% at Rs 237, Infosys has dropped 1.5% to Rs 2,437 and SBI has declined 1.5% at Rs 2026. The market breadth remains positive. Out of 2,853 stocks traded on the BSE, there are 2,164 advancing stocks as against 629 declines.


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