New challenges put reforms

According to India Top News Rising food prices and a possible drought. Swine flu and a damaging corporate war. Even a diplomatic setback with rivals Pakistan.

Three months into office, India's ruling coalition is besieged by a slew of crises, undercutting the momentum from a resounding election victory and making it harder to carry through bold promises of policy change and economic reforms.

"The government is on the back foot. Its priorities have to shift to giving relief from the drought and high food prices," said V.K. Sharma, head of research at Anagram Stock Broking.

"In this situation policymaking can take a backseat and any spending to cushion the farm sector from the drought will widen the (fiscal) deficit. All the talk about a clear election mandate allowing the government a freer hand is now gone.

Read More: http://in.reuters.com/article/topNews/idINIndia-41843920090819

Indian rupee up for 3rd day

The Indian rupee inched higher on Monday, extending its gains into a third session as a stronger start in Asian shares prompted some dollar selling as traders positioned for foreign buying of local stocks.

At 10:30 a.m. (0500 GMT), the partially convertible rupee INR=IN was at 48.16/17 per dollar, 0.1 percent stronger than Friday's close of 48.22/23. The rupee gained 1.1 percent last week.

"Rupee opened stronger tracking regional cues, but stocks would be the key. We are likely to hold in a 48.10-48.25 range initially, which if broken could take the rupee to 48 and then 47.80," a senior dealer with a private bank said.

"Oil refiners are likely to come in at lower levels to meet month-end demand which will cap the gains," he added.

Source url :http://in.reuters.com/article/inRupeRpt/idINBOM31388420090727

EPFO to pay 8.5 percent interest to its subscribers

The Employees' Provident Fund Organisation (EPFO), India's biggest pension fund, aims to pay 8.5 percent interest to its 40 million-plus subscribers for 2009/10, as new fund managers have helped it earn better returns, a top labour ministry official said on Thursday.

Rising inflation prompted the central bank to raise interest rates until September, pushing up returns on fixed income investments, including government bonds, which form a bulk of the fund's investments.

The global slump that followed the financial crisis in the second half of the fiscal trimmed India's factory output and exports, forcing firms to slash jobs for cutting losses.

Pillai ruled out the possibility of investing a portion of 2.9-trillion-rupee corpus of the pension fund in equity market in near future. "Equity market, see, they (EPFO) will not go for it because of large.

Source url : http://in.reuters.com/article/businessNews/idINIndia-39940820090529

Rupee fell to its lowest in a week

The Rupee fell for the lowest in this week on 25th-Mar-09 Wednesday it’s the latest news update. The fall has been noticed by gains in the dollar against the Euro and Asian units and demands from the oil refiners and importers. The fall has been huge for most of the Asian currencies. A rise in local share market could support the rupee later quoted by the dealers.

According to an Indian News Paper Rupee rise 1.7 percent last week it was the biggest weekly rise since the week to Mid of December and has gained 2.9 percent from the record low of 52.20 hit in March starting.The Chinese currency inched up against the euro and the Australian dollar on Wednesday, leaving behind Euro this week after five months low versus the euro, as falls in Tokyo shares tempered buying of higher-yielding currencies.

News Source Url : http://in.reuters.com/article/businessNews/idINIndia-38688720090325

Stock market news is a guide for planning investments

Are you interested in stock market news to plan an investment? Well, it is a bit of important for people like us to know the current stock status. After all, investments are made to earn profit and not to incur losses. The information about stock market India helps to predict future rise or downfall of the stock prices and the share price of various companies. Stocks are, usually, the readily available shares that can be sold in the market for meeting emergency financial needs. No matter, it’s a company of big division or small, the affect of downfall is same on everyone.
In a stock market, stock market indices are considered as an important piece of data. Indices are the measurement of a large group of stocks used to predict the movement in the prices of security. On seeing the index of market prices, one can decide to invest in a particular company. Well, stock market indices can include the calculation of live stock, Indian or US or UK or any other. We get to read the stock market news everyday with changes in the condition of a company’s business or events happening in the business world or wavering of economy, dollar rates etc. So, it is always advisable to keep yourself abreast of stock market conditions to take any initiative in this direction.

Latest India News

What about the breaking news, especially on the economy. Today, all are more concerned and give priority to India top news. Political tidbits and everyday business sagas, particularly money market, shares, stocks and related real gossips are the daily stories of India news. Thanks to the electronic and print media to let us know about the up-to-the-minute news!

Few days back, in latest news India, Satyam scam topped the list for several days together. This story still is a part of India top news followed by the story of another IT giant—Nortel. Indian news is not only popular in India but also worldwide. Well, this is because, as one of the fastest developing economies, it is not that highly affected by the global recession! The IT downslide is no doubt breaking news for all in this IT dominated scenario!

New on India News

Have you listened to the India business news for the last one week? Well, it seems the money market is moving forward at a snail's pace….also sleeping in between! We are relying on India business news to start our business all anew on a new sector.

Just a month back, though who opted for realty, the downslide in the said market made me think of some other option. Now the realty is gaining including other sectors like oil & gas. As per india news, IT was gaining grounds but see, the Satyam forgery as well as Nortel bankruptcy has decelerated its growth. You never know tomorrow, the realty market may again go down. Though we are completely dependent on the bank for starting our businesses, as business news has aired, that banks are going to go strict…

What the BSE Sensex reveals

It is surprising that the BSE with 30 big companies is showing a slump. As per BSE sensex, the BSE companies that are the lifeblood of many an investor, are all sliding down. I have also heard that three or four big companies that started with BSE from the beginning are replaced.

The BSE sensex has really hit the market. I am almost sleepless after I lost several lakhs of rupees in shares with BSE companies. As long as the BSE index doesn't not show recovery, I am in a dilemma to invest. I am very thankful that the bank is providing enough credit but I fear loss. Of late, the BSE index showed positive results, but just look at Satyam Computers!

How Sensex Index helps

I am really thankful of the measures taken by the central bank and the government. With the Sensex Index portraying a dramatic slowdown, I turned totally bankrupt. I approached the bank for credit after the announcement of lowering of interest rates by banks as well as the stimulus package by the government.

The Sensex India situation has plunged many investors like us as well as companies to bear the brunt of losses. Since the last one month, the Sensex Index began to show positive results though there are fluctuations. What the Sensex India revealed about stable sectors are engineering and communications. Going buy the market estimate it is better to invest in the sector that can grow in the current turbulent times.

Breaking news related to the Upward Economic Trend

Do you watch business news everyday? Have you come across the latest news on the money market? Obviously if you are an investor in the money market, you will listen and view the breaking news aired everyday, more so in the current economic recession period. Myself an avid blogger, always glued to the Internet during free time, also watching the television for breaking news, I post articles in blog forums on issue related to money market.

I keep browsing through the business news displayed so that I keep myself updated on the money market. I have invested near to a lakh in this current upward market after the great recession, for I believe the sensex will go up now. I am very happy that the government is coming up with innovative measures to fight the recession. Reducing overall cost of funds and making credit available to industries that need a financial boost is the matter that is taken into consideration by the RBI. This is the breaking news! As per the latest news aired, the RBI is all set to cut repo rate and reverse repo rate respectively by 100 bps to 6.5% and 5.0%.