Business

India’s currency, the rupee, has hit an all-time low against the US dollar – sparking fears that the country could soon face a financial crisis.

The rupee dropped 35 paise to 53.29 against the US dollar in early trade on Tuesday after tumbling 81 paise the day before.

The well-stocked, brightly lit supermarket found in capital cities the world over is nowhere to be seen in New Delhi, Mumbai or Chennai.

Beijing, Bangkok, Dubai and Lahore have them: Indian metropolises do not. More >

Australia has given indications of reversing the ban on selling uranium to India in return for greater strategic proximity between the two countries. Australian Prime Minister Julia Gillard, after pushing for India’s case in a newspaper article and at a press conference on Tuesday, will have to persuade the Labour Party to endorse her stand at its conference next month. More >

Infosys is pride of India. And i think it is a good decision by them to offer back end software to 3G mobile operators.