FII participation slips in Infosys; Why is Apple borrowing and other stories from ET

THE ECONOMIC TIMES Wed, May 01, 2013 | 04:39 PM IST Daily Newsletter

'30% excise duty on SUVs lacks rationale, will distort playing field in auto industry' "Some SUVs are taxed, some are not. It's becoming very arbitrary & is creating a distortion in the industry, which is not desirable," Goenka said. With $145 bn cash, Apple could acquire FB, HP & Yahoo; why is Apple borrowing? Despite its extraordinarily flush balance sheet, the technology behemoth borrowed money for the first time in nearly two decades.

Story of The Day FII participation slips in RIL, Infosys; rises in ITC, TCS Of 30 blue-chips on the BSE Sensex, only 8 saw decline in the number of FII shareholders in the past two fiscal years, while 22 witnessed an increase. read more

Popular Stories Honda's discount offers on Brio, Jazz under CBEC scanner, asked to pay Rs 164 crore more as excise duty Are you likely to get an income tax notice? Find out How does tax work if you have more than one property? Hydelgate: How corruption, shoddy allocations in Congress-ruled Arunachal Pradesh are drowning India’s hydel-power plans Saradha chit fund scam: The top five among Bengal's flourishing financial grey market Japanese companies like Sony, Panasonic to ramp up India presence to end Samsung ‘rule’

Market Watch 1 May | 04:39PM SENSEX 19504.18↑116.68 NIFTY 5930.20↑26.10 USD/INR 53.77↓-0.44 GOLD (Rs/10g.) 26912.00↓-239.00

Latest Updates Gold, silver prices fall on sluggish demand In restricted trading activities, gold and silver prices fell further in the national capital today due to slackened demand at prevailing levels amid a weak global trend. British shares rise on miners' boost Miners led Britain's top shares higher in low-volume trade early on Wednesday, with a strong production update from Antofagasta tempting investors to move back into the sector. Ministries lock horns over FDI 'control' The issue of control had become relevant after government modified the FDI policy in 2009 through press notes 2 and 3. Core sector rises marginally to 2.9% in March The Index of Eight Core Industries rose 2.9% in March, data released by commerce and industry ministry showed, reversing 2.4% contraction in Feb. Genpact expands presence in Netherlands BPO firm Genpact today said it has significantly increased its presence in the Netherlands market a year after it acquired European company Accounting Plaza. Irish jobless claims post fall in 10 months Unemployment benefit claimants fell by just 100 to a seasonally adjusted 426,900 last month, after figures for March were revised.

Gainers Losers 1 May, 2013, 04:39PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Alka India Ltd. 0.12 20.00 12400 0.12 0.10 Dr. Agarwal's Eye Hospital Ltd. 84.00 20.00 100 84.00 84.00 Petron Engineering Construction Ltd. 107.20 19.98 25779 107.20 96.00 Transchem Ltd. 28.80 19.75 1500 28.80 27.60 Ind Swift Ltd. 9.79 19.39 39720 9.84 7.90

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