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Forex reserves down $1.13 bn
The country’s foreign exchange reserves fell $1.13 billion in the week up to September 11 to $284.4 billion on the back of portfolio investments and revaluation of currencies.

No frowns at Facebook
Facebook: Stock markets have wobbled of late, but has Facebook’s value really plunged by 35 per cent in just two months? For those unacquainted with Silicon Valley’s quirky financing that would be one conclusion to draw from the social networking website’s latest stock sale.

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Business Standard / New Delhi September 28, 2009, 0:36 IST
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CAT crash: Govt seeks report from convener

Swinging into action, the government today sought a report from the convener of Common Admission Test (CAT) Satish Deodhar on the ongoing disruption of the computer-based entrance test for admission into Indian Institutes of Management (IIMs). - Tatas rejects 10 mn pound UK loan: report - Govt may set up National Biotech Regulatory Authority by 2010 - Dubai World"s impact on India to be limited, say experts - Amid crisis, Dubai govt raises $5 bn via bonds - Govt to double wind power generation by 2022 - HC asks govt, NACIL to file reply on AI-IA merger The HRD Ministry today shot off a letter to Deodhar, asking him to submit a factual report on the whole issue of disruption in the test, which is being conducted by an American firm Prometric, a ministry official said. Due to "virus attack" in the computers, nearly 4,000 students could not appear in the test during the first two days of the 10-day long staggered entrance that started on Saturday. Scores of students were unable to appear in the test at several centres today also as technical glitches continued to disrupt the exam. Candidates could not appear in the test at a few centres in Mumbai, Bangalore and Ghaziabad owing to malfunctioning of computers at these places. About 2.41 lakh students are scheduled to appear in the test for admission into seven IIMs and a few other B-Schools. The American firm Prometric has been awarded an $40 million contract by the IIMs to computerise the prestigious CAT.


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