Govt Talks Up Rating Upgrade With S&P; Sensex Soars 227 Pts Amid Rate Cut Hopes

Thursday, Apr 25, 2013 LEAD STORIES GOVERNMENT BATS FOR RATING UPGRADE WITH S&P  In a meeting with S&P, Fin Min officials pitched for an upgrade citing steps taken by it to control high fiscal deficit & revive investments. read more SENSEX JUMPS 227 POINTS AS RATE CUT HOPES AID  Sensex closed at its highest level in more than a month at 19,406.85, as expectations of a rate cut continued to keep sentiment bullish. read more CORPORATE AFFAIRS MIN TO PROBE SARADHA SCAM  After Sudipto Sen's co allegedly duped thousands of investors, Corp Affairs Min might order a probe into various chit funds related to Saradha Grp. read more TATA MOTORS SLAMS MOVE TO ALLOW BAJAJ'S QUADRICYCLES  Amid a move by the govt to form a policy to allow quadricycles on Indian roads, Tata Motors has hit out at it terming it as a backward step. read more TOP STORIES • Govt may shift cash hoard to commercial banks   • Parl stalled as opposition seeks removal of PC Chacko   • Rangarajan gas pricing formula rejected by ministries   • AirAsia, Tata apply for airline licence to ministry   • JPC meet on 2G spectrum allocation scam postponed   • Shell moves HC against income tax order   • Etihad has 'right of refusal' if Goyal sells stake further   • Bajaj Auto may pick majority stake in Austrian bike co   • Idea Cellular net up 30% to Rs 308 cr, beats estimates   • IDBI Bank Q4 net falls 28% to Rs 554.5 cr (YoY)   • RBS sells 4.62% stake in SKS Microfinance for Rs 63 cr   • Clear stalled projects of over Rs 1 lk cr: FICCI to Govt   • Commexes turnover jumps 53% in 1st fortnight of April   • Salman Khurshid to visit China in May despite standoff   • BMW unveils 7-Series from Chennai plant   • Nissan to bring back the Datsun brand after 32 yrs   • Verizon eyes $100 bn bid for Voda's Wireless stake   • Unilever reports slowest quarterly sales in 2 yrs   • ECB seen cutting rates, even if it won't boost economy   • Saudi Arabia deports man for being 'too handsome'   more stories TOP VIDEOS Jet-Etihad Deal To Make Industry Efficient: Ajit Singh, Civil Aviation Minister   Market Won't Run Up On Lower Commodity Prices: Prabhat Awasthi, MD & Head of Equity Research, Nomura   50bps Cut Doubtful In May, CPI Inflation Too High: Sajjid Z Chinoy, Economist (Asia), JP Morgan   AT A GLANCE BSE 19406.85 +227.49 NSE 5916.3 +79.4 TURNOVER Rs. 419,362 cr BSE CASH Rs. 2,237 cr NSE CASH Rs. 15,554 cr NSE F&O Rs. 316,979 cr BULLION GOLD 26823 +435 SILVER 44526 +1634 CRUDE NYMEX 91.56 +0.13 BRENT 102.27 +0.54 FOREX $ / Re 54.22 -0.16 £ / Re 83.523 +0.7 € / Re 70.302 -0.3 EVENTS TO WATCH 26 April ICICI Bank Q4 Earnings Maruti Suzuki Q4 Earnings Rajiv Gandhi National Quality Awards, NDMC Convention Centre, New Delhi IPL 6, Match 33, Kolkata Knight Riders Vs Kings XI Punjab, Kolkata BoJ Monetary Policy Meet U.S. Q1 GDP Data 26 -28 April The Indian Luxury Expo, The Grand Hyatt, Mumbai 27 April IPL 6, Match 34, Rajasthan Royals vs Sunrisers Hyderabad, Jaipur IPL 6, Match 35 Mumbai Indians vs Royal Challengers Bangalore,Mumbai

EXPERT VIEWS

"We have decided to increase the tax on cigarettes by 10% in order to raise money for the Saradha Relief Fund. It wouldn't harm if you smoke some more. Do that and we will be able to collect the required amount quickly." Mamata Banerjee CM, West Bengal "I do not agree with your allegation that it is the Chinese side that has caused the provocation between the border troops.China's troops have never crossed the (LAC) line. China and India are neighbours and the boundary is not demarcated yet. It is inevitable for problems to prop up in border areas. When there is a problem it should be resolved through friendly consultations though existing mechanisms and channels." Hua Chunying Chinese Foreign Ministry spokesperson "Why? The Govt.+ industry (sic) have been accelerating efforts in traffic safety & environment, now we consider Quadracycle (sic)! Why go backwards?" Karl Slym MD, Tata Motors

Maruti posted better than expected profit, led by strong volumes of high margin diesel cars like Swift, Swift Dzire and Ertiga

THE ECONOMIC TIMES Fri, Apr 26, 2013 | 05:56 PM IST Daily Newsletter

Samsung Galaxy S4 launched in India at Rs 41,500 The S4 packs in the latest hardware to be found on any mobile phone, topped with a 5-inch, 1080p full HD super AMOLED display. China plays down border row with India China today sought to play down the border row with India over its troops setting up their tents in Depsang Valley in Ladakh.

Story of The Day Maruti Suzuki Q4 net profit up 80% at Rs 1,148 crore, smashes forecasts Maruti posted better than expected profit, led by strong volumes of high margin diesel cars like Swift, Swift Dzire and Ertiga read more

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Popular Stories Psychiatrists report sudden rise in cases of depression among IT workers, Nasscom says all is well Kishore Biyani Vs Mukesh Ambani: Relatively younger Reliance Retail is fast catching up on market leader Future Group Coca-Cola takes on Pepsi by wooing IPL fans outside stadium venues at Rs 10-15 per bottle

Market Watch 26 Apr | 05:56PM SENSEX 19286.72↓-120.13 NIFTY 5871.45↓-44.85 USD/INR 54.24↑0.02 GOLD (Rs/10g.) 27128.00↑87.00

Latest Updates LIC Housing likely to maintain uptrend Total Income increased to Rs 2074.74 cr for the quarter ended March 2013, up 22.83 pc, from Rs. 1689.02 cr in the same period, a year ago. 'Asia-Pacific region sees $21 bn-worth of deals' The Asia Pacific region, including India, has seen a total of $ 21 billion-worth of energy, mining and utilities deals since the beginning of this year. Now, turn your desk into touchscreen with new tech Researchers at Carnegie Mellon University have demonstrated that touch-based interfaces can be created anywhere almost at will. Slowing savings growth weighs on Chinese bank earnings ICBC, the world's biggest bank by market value, saw money leaving its doors at a faster rate than it came in. Deposits rose 4.5% while loans rose 5.2%.

Gainers Losers 26 Apr, 2013, 05:56PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Padmalaya Telefilms Ltd. 1.98 20.00 5021 1.98 1.98 Nagarjuna Agrichem Ltd. 5.32 19.82 137667 5.32 4.63 Shivalik Bimetal Controls Ltd. 7.98 18.93 40 8.00 7.78 Saboo Sodium Chloro Ltd. 9.19 18.58 67 9.19 7.50 Arunjyoti Enterprises Ltd. 8.30 18.57 3270 8.30 7.10

Maruti posted better than expected profit, led by strong volumes of high margin diesel cars like Swift, Swift Dzire and Ertiga

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