- Kingfisher Airlines’ lenders may sell Vijay Mallya’s Goa villa
- India’s economic troubles self-inflicted: report
- ITC, ICICI Bank drive Sensex 76 points higher
- Rupee remains weak against dollar, stays below 55 level
- India has scope to cut govt borrowing: R. Gopalan
- Bank of England injects £50 bn in third round of stimulus
- Ten things to know about rich in India
- Draft cabinet note on sourcing norm for FDI in retail soon
- Economic gloom seen pushing ECB to cut rates
- China cuts interest rates for second time this year
1) Kingfisher Airlines’ lenders may sell Vijay Mallya’s Goa villa
The lenders of Kingfisher Airlines on Thursday appointed mortgage firm HDFC to re-value two of the airline’s properties. The consortium of lenders may decide on selling them to recover a part of their loans. (Know why). Here are top 10 developments
2) India’s economic troubles self-inflicted: report
India’s economic troubles are mostly self-inflicted, resulting from policy paralysis and opposition to reforms—a situation that is unlikely to change before the general elections in 2014, says a report. (Read full report)
3) ITC, ICICI Bank drive Sensex 76 points higher
The Dalal Street witnessed lacklustre trade for the fourth straight day as traders consolidated positions after the sharp up move Friday. Investors also awaited a key decision on interest rates by the European Central Bank later today, which might drive global stocks higher. (Market copy)
4) Rupee remains weak against dollar, stays below 55 level (Read why)
The rupee fell for a second straight session on Thursday, consolidating after a recent rally as traders braced for an interest rate cut from the European Central Bank that, as expected, was delivered after the close of markets.
Gold demand stays subdued on weak rupee
5) India has scope to cut govt borrowing: R. Gopalan
India still has some scope to reduce government borrowing, economic affairs secretary R. Gopalan said on Thursday on the sidelines of a Reserve Bank of India’s board meeting. (Know more)
6) Bank of England injects £50 bn in third round of stimulus
The Bank of England launched a third round of monetary stimulus on Thursday, announcing it would restart its printing presses and buy £50 billion of asset purchases with newly created money to help the economy out of recession. (Details)
7) Ten things to know about rich in India
The total net worth of India’s rich or the ultra high networth households is set to reach Rs 318 trillion (Rs 318 lakh crore) or $ 5.6 trillion by 2016-17. It currently stands at Rs 65 trillion or $ 1.2 trillion. India’s current gross domestic product is just over $ 1.7 trillion. (Read here)
8) Draft cabinet note on sourcing norm for FDI in retail soon
The commerce and industry ministry will soon circulate a draft cabinet note to bring out further clarifications on the mandatory 30 per cent sourcing from small industries in the wake of IKEA seeking further relaxation of the norms. (Full story)
9) Economic gloom seen pushing ECB to cut rates
The European Central Bank is widely expected to cut borrowing costs to a record low on Thursday to support a deteriorating euro zone economy and complement measures agreed by government leaders last week to tackle the bloc’s debt crisis. (Click here to read more)
10) China cuts interest rates for second time this year
China’s central bank cut interest rates for the second time in two months on Thursday in the latest attempt to bolster slowing growth in the world’s second-largest economy. (Know more)
Article source: http://profit.ndtv.com/News/Article/profit-top-10-kingfisher-rupee-in-trouble-again-need-revival-plan-307407
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