'Dirty cricketers' might face criminal complaint, India not a cheap market & other top stories from ET.

THE ECONOMIC TIMES Sat, May 18, 2013 | 05:09 PM IST Daily Newsletter

India not a cheap market, currently underweight on equities: GMO "The countries that are growing faster, typically when you buy into them, already have high PE ratios or valuations," said Arjun Divecha, Chairman, GMO Apple seen losing its innovation magic by 71% in global poll CEO Tim Cook said the company won't introduce a product to add to its innovations — the iPod, iTunes, the iPhone and iPad — until the US fall.

Story of The Day IPL spot-fixing: 'Dirty cricketers' might face criminal complaint from BCCI When asked whether the BCCI also ignored warnings from the ICC, Srinivasan said the governing body was supposed to act on the menace and not warn of it. read more

Popular Stories How Ram and Hanuman offer new way to look at appraisal system Companies deny service to stop holidayers from returning with TVs despite warranty There’s more to home loan than just interest rates! Meet the men behind 113-year-old Hamdard's modernisation drive Top 20 quality stocks for your portfolio: Morgan Stanley Citi India, Microsoft, M&M & HCL Tech look beyond huge salary increments to keep best performers happy

Market Watch 18 May | 05:09PM SENSEX 20286.12↑38.79 NIFTY 6187.30↑17.40 USD/INR 54.89↑0.11 GOLD (Rs/10g.) 25843.00↓-41.00

Latest Updates Gold falls on stockists selling, global cues Gold prices fell by Rs 110 to Rs 26,700 per ten grams in the national capital today on reduced offtake against stockists selling. Tata Motors subsidiary issues $280 mn senior notes Net proceeds from the issue will be used to redeem preference shares issued to Tata Motors and for general corporate purposes, the company said. Govt mulling restructuring NMDFC: Rahman Khan Government is considering restructuring the National Minority Development Finance Corporation (NMDFC) and make it a "deposit receiving organisation also. Govt attacks S&P’s rating outlook Within hours of anouncement the finance ministry stormed into action with chief economic adviser Raghuram Rajan challenging S&P’s assessment Calyx Telecoms to market ZTE smartphones, tabs ZTE India will price smartphones in the range of Rs 5,799 and Rs 14,999, while it is yet to finalise the pricing of its tablets. Cyprus drops limits on 8 more foreign banks Cyprus got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.

Gainers Losers 18 May, 2013, 05:09PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low ABB Ltd. 660.15 21.01 624946 670.00 547.80 TCFC Finance Ltd. 16.80 20.00 1011 16.80 14.15 Remi Metals Gujarat Ltd. 3.06 20.00 1370 3.06 2.43 JHS Svendgaard Laboratories Ltd. 19.51 19.99 35201 19.51 17.00 AGC Networks Ltd. 90.80 19.95 25586 90.80 78.00

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