RBI cuts MSF, US default looms & other top stories

THE ECONOMIC TIMES Mon, Oct 07, 2013 | 06:28 PM IST Daily Newsletter

Liquidity crunch: RBI cuts MSF rate by 50 bps to 9% In a bid to improve liquidity in the banking system, RBI on Monday cut the Marginal Standing Facility (MSF) rate by 5... Will America default? It's not a zero probability In a report, BofA-ML says that though US defaulting is not a base case, but if at all it happens, could lead to a Leh... It's raining upgrades in tech sector ahead of Q2 results The BSE IT index has rallied a little over 40 per cent as compared to the 2.5 per cent gain in the BSE Sensex so far ... US default means Lehman redux, rupee will hit 68: BofA-ML How will the US shutdown impact India? "Rajan should get more time to raise forex if Fed tapering is deferred to Jan,...

FEATURED STORIES Prashant Kishor: Former UN mission chief & Modi’s one-man brains trust CAG, a non-profit co has 60 members - some of whom have left jobs with JP Morgan, Goldman Sachs - aims to enroll 5 la... read more Buying your 1st house? Here's a checklist »  Now pay more for banking services »

Popular Stories Buying your first house? Here's a checklist of 9 sales pitches that you should be wary of Rise in credit & debit cards spending signals India's transformation into a cashless economy Deals with Singapore Airlines & AirAsia: Ratan Tata’s aviation dreams finally takeoff Prashant Kishor: Meet the most trusted strategist in the Narendra Modi organisation

May be sectors like IT should give good return because of a very strong demand from the US... Nirmal Jain ,Chairman,IIFL

Latest Updates Re snaps two-day gains; seen weakening further The rupee snapped a two-day winning streak on Monday, weighed down by weakness in domestic shares and hurt by broad-b... Investors better off giving infra stocks a skip ahead of elections Infra sectors may show muted growth as structural bottlenecks are likely to drag on the entire sectors, at least in t... Assocham backs special status demand for Bihar Assocham today backed the demand for grant of special status for industrial development of the state.... Badal bats for adopting nanotechnology in agri sector Parkash Singh Badal asked the concerned state departments to chalk out the modalities for collaborating the with worl...

Market Watch 7 Oct | 06:28PM SENSEX 19895.10 â†" -20.85 NIFTY 5906.15 â†" -1.15 USD/INR 61.86 â†' 0.41 GOLD (Rs/10g.) 29388.00 â†' 299.00

MARKET NEWS Markets going back to pre-QE fears level, say analysts Sensex registered a smart pullback rally since September, supported by US Fed’s decision to hold back on its tapering... Investors better off giving infra stocks a skip ahead of elections Infra sectors may show muted growth as structural bottlenecks are likely to drag on the entire sectors, at least in t...

Gainers Losers 7 Oct, 2013, 06:28PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low BITS Ltd. 0.06 20.00 2500 0.06 0.06 Shyam Telecom Ltd. 29.85 19.88 104661 29.85 25.50 Goldiam International Ltd. 24.35 17.07 7999 24.75 21.25

FEATURED SLIDESHOW Mamata Banerjee's stunning new office building! 10 overwhelming pics of typhoon hitting China HTC One Mini launched at Rs 37,299 LG unveils G Pad 8.3 tablet to rival iPad Mini more slideshows

FROM THE NEWSPAPER Govt set to kill rupee NDF market by easing restrictions The government wants to kill the rupee NDF market - where contracts in the currency worth billions of dollars are tra... TCS, Infy, Wipro to gain as US banks outsource more Large outsourcers and mid-sized Indian IT cos are likely to benefit from banks looking to cut costs and become more e... Despite high airfares, fliers still booking tickets late Even with the recent steep rise in airfares, Indian fliers haven't really woken up to the benefits of advance purchas... Post split, Honda eats into Hero, TVS & Bajaj's share Hero-Honda split freed up HMSI to undertake a wide-ranging offensive aimed at grabbing market share. HMSI's market sh... Is dual power structure bothering Manmohan Singh? Manmohan Singh's discomfiture at dual-power structure may have compelled him to strongly urge the Congree veep to tak...

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