MUMBAI (Reuters) – The BSE Sensex ended flat on Monday as a fall in the rupee to a record low hit lenders on fears the RBI would hold off from cutting interest rates, while IT companies rose on hopes of improving returns from overseas markets.

Rupee fell to a record low against the dollar on Monday, escalating worries about the country’s current account deficit and complicating the task for policymakers looking to revive an economy that grew at its slowest in a decade in 2012/13.

MUMBAI (Reuters) – The Sensex edged higher on Friday to new 2-1/2-year highs as continued hopes for rate cuts bolstered sentiment for blue chips such as ICICI Bank and Larsen & Toubro, although some analysts warned the recent rally could be running out of steam.

Cement makers such as UltraTech rose after an Indian tribunal looking into an appeal on record fines imposed by the competition watchdog ordered them to deposit only 10 percent of those fines for now as it continues its deliberations.

MUMBAI, May 17 (Reuters) – Indian shares edged higher on
Friday to new 2-1/2-year highs as continued hopes for rate cuts
bolstered sentiment for blue chips such as ICICI Bank and Larsen
& Toubro, although some analysts warned the recent rally could
be running out of steam.

Cement makers such as UltraTech rose after an Indian
tribunal looking into an appeal on record fines imposed by the
competition watchdog ordered them to deposit only 10 percent of
those fines for now as it continues its deliberations.

May 16 (Reuters) – Indian stocks edged higher on Thursday,
with the NSE index at a 2-1/2 year high, as lenders continued
their rally on expectations of early rate cuts by the central
bank, while four additions to the MSCI India index, including
Wockhardt, also gained.

Expectations the Reserve Bank of India could cut interest
rates as early as its next policy review on June 17 have risen
sharply after data earlier this week showed inflation was easing
and the central bank governor said it would be taken into
account.

March 19 (Reuters) – BlackBerry inventors Mike Lazaridis and
Doug Fregin are pairing again to launch a $100 million fund to
incubate and commercialize quantum science technologies capable
of spearheading the next wave of computing.

Lazaridis, who stepped down as co-CEO of BlackBerry
in January, 2012, is known for his passion for physics.

By Himank Sharma

(Reuters) – Business software maker Compuware Corp (CPWR.O: Quote, Profile, Research, Stock Buzz) said on Friday it was open to a better offer after turning down a $2.3 billion bid from Elliott Management Corp, and the hedge fund said it remained “very interested”.

Compuware shares rose 6.5 percent to $11.46, above Elliott’s December offer of $11 per share, in heavy trading on the Nasdaq.

Jan 24 (Reuters) – Chip equipment maker KLA-Tencor Corp
gave a strong outlook after its second-quarter results
convincingly beat analysts’ estimates on sustained demand from
semiconductor companies.

Shares of the company, whose products help measure the
effectiveness of complicated manufacturing processes and reduce
defects essential for chipmakers implementing challenging new
technologies, rose 4 percent in extended trading after closing
at $51.97 on the Nasdaq on Thursday.

By Himank Sharma and Sayantani Ghosh

(Reuters) – Apple Inc’s shares fell by as much as 12 percent on Thursday, staging their biggest percentage drop in over four years and slicing more than $50 billion from the company’s market value, as disappointing holiday-period iPhone sales reinforced fears it is losing its dominance in smartphones.

Eighteen brokerages, including Barclays Capital, Mizuho Securities USA, Credit Suisse, and Raymond James cut their price targets on the stock of the world’s biggest publicly traded company by an average $132 to $612.

By Himank Sharma and Sayantani Ghosh

(Reuters) – Apple Inc’s shares slumped 12 percent on Thursday, slicing more than $50 billion (31.7 billion pounds) from its market value, as weaker-than-expected holiday iPhone sales reinforced fears that it is losing its dominance in smartphones.

Eighteen brokerages, including Barclays Capital, Mizuho Securities USA, Credit Suisse, Raymond James, Robert W. Baird & Co and Canaccord Genuity, cut their price targets on the stock by an average $132 to $612.

Dec 14 (Reuters) – Apple Inc shares fell 3.9
percent on Friday after the iPhone 5 debuted in China to a cool
reception and two analysts cut shipment forecasts.

Jefferies analyst Peter Misek trimmed his iPhone shipment
estimates for the Jan-March quarter, saying that the technology
company had started cutting orders to suppliers to balance
excess inventory.