Cheers & sneers as Fitch upgrades but IIP dips

THE ECONOMIC TIMES Wed, Jun 12, 2013 | 06:12 PM IST Daily Newsletter

Fitch upgrades India's outlook to stable, affirms BBB- rating "The inflation pressures have begun to show pronounced signs of easing & rupee weakness may limit scope for more rate... April IIP dips to 2%,way below the estimates The IIP for the month of April grew at 2% versus 2.5% in March. This is much below the ET Now poll estimate of 2.6%.... Most of rupee's depreciation may be behind us: BofA-ML "In the near term, the rupee will likely be volatile with global events and the RBI will have to instill confidence i... Records related to affidavit in Robert Vadra case confidential: PMO The PMO said,"The office, keeping in view the Supreme Court ruling, has sought exemption as the matter has been treat...

FEATURED STORIES Tax-free bonds may be your best bet to gain from softer interest rates Those with an appetite for tax-free bonds could look at buying these from the secondary market as these are liquid an... read more 5 reasons why Fitch revised India's credit rating outlook »  Google seals Waze acquisition to protect mobile maps lead »

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People of Bihar have voted for NDA not for JD(U) alone.If we're together, then we will rule....Shahnawaz Hussain ,Spokesperson,BJP

Latest Updates Rupee snaps 5-day fall; ends at 57.79 Rupee rallied, snapping a five-session losing streak, as an upgrade by Fitch Ratings helped calm investor nerves afte... MMTC stake sale: Floor price fixed at Rs 60/share There is a huge difference between the floor price and the market price of MMTC as the scrip is illiquid, an official... Gas price revision to spur investment: Moily Veerappa Moily said the revision in rates was a contractual requirement which will help remove policy uncertainty and... Fitch ratings on India: What analysts are saying "Why they have come up with this upgrade one doesn't understand because the situation in the economy does not seem to...

Market Watch 12 Jun | 06:12PM SENSEX 19041.13↓-101.87 NIFTY 5760.20↓-28.60 USD/INR 57.97↓-0.36 GOLD (Rs/10g.) 27655.00↓-237.00

MARKET NEWS Sensex hits new 2-month low; down 102 points on weak IIP numbers The BSE benchmark Sensex today fell by nearly 102 points to hit a new two-month low, led by fall in consumer durable ... Are oil & gas companies better investment play on falling rupee? Despite the increase in fuel prices, the steady depreciation in rupee has eroded most of the benefits for OMCs....

Gainers Losers 12 Jun, 2013, 06:12PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Filatex Fashions Ltd. 3.90 20.00 310 3.90 2.93 Venus Universal Ltd. 0.06 20.00 3525 0.06 0.06 Ashima Ltd. 2.65 19.91 1000 2.65 2.45

FEATURED SLIDESHOW Fan frenzy at Electronic Entertainment Expo 2013 in LA Toyota unveils 2014 Corolla compact sedan Former i-bankers of Indian origin re-engineering dosas for US China launches its longest manned spacecraft mission more slideshows

FROM THE NEWSPAPER Infosys on global hunt for CEO; non-founder may take over Infy has hired executive search firm Egon Zehnder to identify & shortlist possible external candidates who could be c... Like all netas, LK Advani is back but not with a bang Thirty-six hours after the crisis began, a statement read out by Rajnath Singh said Advani’s concerns would be addres... Pesky callers hide in small towns with Chinese gear to evade checks The crackdown on pesky calls last month seems to have failed to make much impact as there is no let up in the flow of... How the steep fall in rupee will impact Sensex companies Export-oriented pharma, IT cos in the index will benefit the most, while a majority of them will see their profitabil... Falling rupee to make PCs, TVs, cars, imported food & liquor costlier In certain high margin categories like smartphones, companies might absorb the impact of depreciation as they strive ...

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