Executive Wrap: Modi-mania, KM Birla & PF accounts dominate news!

Scamsters drain out PF accounts with fake claims Nearly 2.5 crore, or 30 per cent, of all provident fund accounts have a negative balance, some of which may be due to fraudsters who faked withdrawal claims. read more ET poll: Modi-mania sweeps UP, Bihar; races ahead of Rahul Gandhi Every second voter in the two states is seen rooting for Modi’s PM bid & surge in his approval ratings is in stark contrast with the numbers for Rahul Gandhi. Rajan's moves turn rupee from a pariah to world's favourite currency Options betting on one-month implied volatility shows investors becoming more confident in the rupee than for any currency in Asia or BRIC nations.

Editor's Pick How Bajaj Auto, Tata, M&M & Ashok Leyland gave birth to auto MNCs Select overseas acquisitions have worked well for these cos. If phase I was a rescue operation, phase II is about bringing more technology. Why ITC should exit the hotel business Itc's Hotel biz contributes less than 2% to earnings but swallows big cash. A little over 1/5th of ITC's capex of Rs 2,750 cr was spent on hotels last yr. Saurabh Agrawal: I-banker who helped Birlas & Tatas cut deals Saurabh has helped the Birlas cut many significant deals â€" restructuring cement biz, UltraTech purchase â€" and is also a favourite of the Tatas. Mumbai-based Genesys International beats Google street view Even as Google struggles with Indian authorities to get permissions to take images of Indian city streets, Genesys has done all that Google had planned.

Most Popular This Week Beware! Fakes, grey market imports of reputed brands flourishing in India’s booming online retail market Battle for talent between PwC & KPMG may become a war soon Are you going to be fired? Tips to navigate in tough job market Local JV partner says McD's not paying royalty on sales of McAloo burger TCS Q2 PAT at Rs 4702 crore versus Rs 3796.2 crore, up 24.7%

Story of The Week Ministers slam CBI for naming KM Birla in FIR; fear that it may trigger derailment of economy Corruption charges by CBI against Kumar Mangalam Birla could have an adverse impact on the investment climate. read more

Money Festival shopping: Are purchases made on EMI - good or bad? It's festival time and almost every shop is offering discounts/offers, you are tempted to go on a shopping spree, but what happens to your liquidity? Five good funds you can consider for tax saving Rturns in financial markets tend to revert to the mean. When an asset class has been faring badly for a while, it is usually the best time to invest in it.

Stock Round Up At a 3-year high, Sensex stays hot in economic winter "Global investors are more bullish on India than local players. They find our country better placed than most," said Nilesh Shah of Axis Direct.

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