Today's ET Newsletter carrying stories on favourite destination for Indian entrepreneurs, RIL and more

THE ECONOMIC TIMES Sun, May 05, 2013 | 04:57 PM IST Daily Newsletter

RIL may get nod this month to invest $1.452bn in Cauvery basin Reliance Industries may this month win approval for USD 1.452 billion investment for developing a natural gas find it has made in a Cauvery basin. Etihad-Jet Deal a wake-up call for Indian aviation India’s aviation players must shape up or perish because the backdoor entry of Etihad backed by easing of flying rights will not be the last.

Story of The Day Singapore emerging as favourite destination for Indian entrepreneurs A friendly tax regime and sundry sops make the Lion City a favourite of Indian entrepreneurs, industrialists & students. read more

Popular Stories Billion-dollar team: How Micromax is gearing up to touch $1-bn mark Top nine midcap stocks with upside potential of over 20 per cent Vineet Nayar on 13 leadership ideas that will transform your life Unbundling of services: How airlines are charging flyers at every step Seven take-aways for common-man from RBI's monetary statement Management mythos: Why new hires should be treated like new brides

Market Watch 5 May | 04:57PM SENSEX 19575.64↓-160.13 NIFTY 5944.00↓-55.35 USD/INR 53.90↑0.08 GOLD (Rs/10g.) 26963.00↑138.00

Latest Updates Rate-sensitives may witness profit booking Rate-sensitive sectors have been the reason behind this recent upside in markets & analysts expects a bit of correction in banking stocks. 9 midcap stocks with upside potential of over 20% The real bear market in India this year has been in mid and small caps compared to a 0.7% gain in the S&P BSE Sensex for the same period. Rajan not in favour of sovereign bond to finance CAD CAD had touched a record high of 6.7% in the December quarter of last fiscal year. The CAD in 2012-13 fiscal is likely to be around 5% of the GDP. Curbing bank funds will spike prices, help grey mkt The Reserve Bank's decision to restrict bank finance to gold imports meant only for jewellery exports will jeopardise the supply system. Can you afford upcoming state-of-the-art technology? Last week, I glimpsed the future. I tried on Google Glass, the much-anticipated computer eyewear that lets you skim email and shoot video. Norway to lower oil sector write-downs The proposed change for the oil sector means that annual tax deductions on investments would be lowered from 7.5 percent to 5.5 percent, it said.

Gainers Losers 5 May, 2013, 04:57PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Precision Pipes & Profiles Company Ltd. 43.60 19.94 5018 43.60 36.40 Super Tex Industries Ltd. 2.59 19.91 220 2.59 1.86 Saboo Sodium Chloro Ltd. 8.97 19.44 11 8.97 6.21 Parrys Sugar Industries Ltd. 25.05 18.44 737 25.05 24.40 Malu Paper Mills Ltd. 9.00 18.42 551 9.00 7.50

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