Washington:
• Pranab Mukherjee is UPA candidate for India's next President
• Marginal rise in advance tax payout by firms; RIL contribution shrinks
• HSBC trims India GDP forecast to 6.2%, says rate cut a wrong medicine
• Interest rate cut: 5 things the RBI could do at its policy review
• Sensex jumps 272 points ahead of Greece polls, RBI action
• Indian stocks expensive, risky: Schroders
• Ratan Tata buys 425,000 shares in Tata Motors for Rs 9.9 crore
• Gold on record-breaking spree, hits fresh high at Rs 30,570
• Why things are looking up for real estate sector
• Facebook: Retailers love free tools, not many pay for ads
1) Pranab Mukherjee is UPA candidate for India's next President
It is finally official. Finance Minister Pranab Mukherjee will run for President as the ruling UPA’s candidate. His candidacy was ratified at a meeting of the Congress’s allies at Prime Minister Manmohan Singh’s 7 Race Course Road residence today. (Full copy). Here are the top 5 things that marked Mr Mukherjee’s term as Finance Minister.
Exclusive: Decisive Dozen: 12 EGoMs that Pranab currently heads
2) Marginal rise in advance tax payout by firms; RIL contribution shrinks
Most of the leading corporates have paid marginally higher advance tax in the first quarter of the current fiscal despite widening economic gloom, sources in the income tax department said on Friday.In a worrying sign, conglomerate Reliance Industries, India’s second-most most valuable company at around $42 million, saw its tax outgo fall to Rs 768 crore as against Rs 900 crore. (Read more)
3) HSBC trims India GDP forecast to 6.2%, says rate cut a wrong medicine
HSBC on Friday said India's annual and sequential growth will remain "quite moderate" in the coming quarters and lowered the GDP growth projection for this fiscal to 6.2 per cent from 7.5 per cent earlier. (Know why)
4) Interest rate cut: 5 things the RBI could do at its policy review
The Reserve Bank of India releases its mid-quarter monetary policy review on June 18, and weakening domestic and global economic conditions have added to the likelihood it will take action to boost growth, despite lingering inflation worries. (Read here)
5) Sensex jumps 272 points ahead of Greece polls, RBI action
The BSE Sensex closed near the day's high Friday, ahead of the crucial election in Greece Sunday and the central bank's review of monetary policy Monday. The Nifty index ended above the 200 day moving average, considered to be a strong support for markets. (Full report)
Rupee gains versus dollar; awaits Greece, RBI outcome
6) Indian stocks expensive, risky: Schroders
Indian equities are trading at about 30 per cent premium to emerging markets, Conway estimated, and the country faces a number of economic and fiscal risks said Allan Conway, head of global emerging market equities at Schroder Investment Management Ltd. (Know why)
7) Ratan Tata buys 425,000 shares in Tata Motors for Rs 9.9 crore
Tata Motors chairman Ratan Tata on Friday purchased 425,000 shares for Rs 9.93 crore in the company through the open market route. (Details)
8) Gold on record-breaking spree, hits fresh high at Rs 30,570/ 10 grams
Riding high on strong demand for the wedding season coupled with a firming trend in the global market, gold touched yet another record high of Rs 30,570 per 10 grams in the bullion market on Friday. (Know more)
9) Why things are looking up for real estate sector
Over the past one month, the BSE Realty index rose over 3 per cent while the BSE Sensex has gained 2.5 per cent. The outperformance of the Realty index could mean that things are consolidating and changing for the better. Here are some latest developments in the sector.
10) Facebook: Retailers love free tools, not many pay for ads
Facebook is hoping to allay some of the doubts with new ad formats that provide better tracking of customer behavior. It's also beginning to insert ads directly into the "newsfeed," the stream of updates that all users receive, which should in turn help the company address the challenge of delivering ads on mobile devices. (Full story)
• Pranab Mukherjee is UPA candidate for India's next President
• Marginal rise in advance tax payout by firms; RIL contribution shrinks
• HSBC trims India GDP forecast to 6.2%, says rate cut a wrong medicine
• Interest rate cut: 5 things the RBI could do at its policy review
• Sensex jumps 272 points ahead of Greece polls, RBI action
• Indian stocks expensive, risky: Schroders
• Ratan Tata buys 425,000 shares in Tata Motors for Rs 9.9 crore
• Gold on record-breaking spree, hits fresh high at Rs 30,570
• Why things are looking up for real estate sector
• Facebook: Retailers love free tools, not many pay for ads
1) Pranab Mukherjee is UPA candidate for India's next President
It is finally official. Finance Minister Pranab Mukherjee will run for President as the ruling UPA’s candidate. His candidacy was ratified at a meeting of the Congress’s allies at Prime Minister Manmohan Singh’s 7 Race Course Road residence today. (Full copy). Here are the top 5 things that marked Mr Mukherjee’s term as Finance Minister.
Exclusive: Decisive Dozen: 12 EGoMs that Pranab currently heads
2) Marginal rise in advance tax payout by firms; RIL contribution shrinks
Most of the leading corporates have paid marginally higher advance tax in the first quarter of the current fiscal despite widening economic gloom, sources in the income tax department said on Friday.In a worrying sign, conglomerate Reliance Industries, India’s second-most most valuable company at around $42 million, saw its tax outgo fall to Rs 768 crore as against Rs 900 crore. (Read more)
3) HSBC trims India GDP forecast to 6.2%, says rate cut a wrong medicine
HSBC on Friday said India's annual and sequential growth will remain "quite moderate" in the coming quarters and lowered the GDP growth projection for this fiscal to 6.2 per cent from 7.5 per cent earlier. (Know why)
4) Interest rate cut: 5 things the RBI could do at its policy review
The Reserve Bank of India releases its mid-quarter monetary policy review on June 18, and weakening domestic and global economic conditions have added to the likelihood it will take action to boost growth, despite lingering inflation worries. (Read here)
5) Sensex jumps 272 points ahead of Greece polls, RBI action
The BSE Sensex closed near the day's high Friday, ahead of the crucial election in Greece Sunday and the central bank's review of monetary policy Monday. The Nifty index ended above the 200 day moving average, considered to be a strong support for markets. (Full report)
Rupee gains versus dollar; awaits Greece, RBI outcome
6) Indian stocks expensive, risky: Schroders
Indian equities are trading at about 30 per cent premium to emerging markets, Conway estimated, and the country faces a number of economic and fiscal risks said Allan Conway, head of global emerging market equities at Schroder Investment Management Ltd. (Know why)
7) Ratan Tata buys 425,000 shares in Tata Motors for Rs 9.9 crore
Tata Motors chairman Ratan Tata on Friday purchased 425,000 shares for Rs 9.93 crore in the company through the open market route. (Details)
8) Gold on record-breaking spree, hits fresh high at Rs 30,570/ 10 grams
Riding high on strong demand for the wedding season coupled with a firming trend in the global market, gold touched yet another record high of Rs 30,570 per 10 grams in the bullion market on Friday. (Know more)
9) Why things are looking up for real estate sector
Over the past one month, the BSE Realty index rose over 3 per cent while the BSE Sensex has gained 2.5 per cent. The outperformance of the Realty index could mean that things are consolidating and changing for the better. Here are some latest developments in the sector.
10) Facebook: Retailers love free tools, not many pay for ads
Facebook is hoping to allay some of the doubts with new ad formats that provide better tracking of customer behavior. It's also beginning to insert ads directly into the "newsfeed," the stream of updates that all users receive, which should in turn help the company address the challenge of delivering ads on mobile devices. (Full story)
