1. PGC
NEWSLETTER
4TH MARCH, 2014
THOUGHT OF THE DAY
“CREATE A LIFE THAT INSPIRES YOU”
MARKET UPDATES
ECONOMICS NEWS
•
•
The
Maharashtra
government
formally
signed
shareholder and state support agreements for the
ambitious Delhi-Mumbai Industrial Corridor (DMIC)
project, in Mumbai, on Monday. The project aims at
generating industrial output of Rs 20 lakh crore by 2042.
For February, the HSBC Purchasing Managers’ Index
(PMI) for the manufacturing sector rose to a year’s high at
52.5 points, against 51.4 in January, showed data released
on Monday.
CORPORATE UPDATES
•
•
Delhi High Court declined to issue a stay order on a CAG
audit of the three power distribution companies in the city
and asked the discoms to co-operate fully with the
process, the Comptroller and Auditor General.
Life Insurance Corporation of India (LIC) on Monday
bought a 4.66% stake in Bharat Heavy Electricals Ltd
(BHEL) from the government in a block deal totalling Rs
1,889 crore, BSE Ltd data shows.
SENSEX
21,009.18 62.53
CNX NIFTY
6,235.20 13.75
DOLLAR/ RUPEE
62.1 0.05
MCX SILVER
47110.0 -0.16
MCX GOLD
30,566.00 -65.00
MCX CRUDE OIL
6523.0 0.22
RBI / TAX LAW UPDATES
•
RBI: The Reserve Bank of India extended the deadline of
exchanging soiled currency printed before 2005 to
January 1, 2015, from July this year.
Dow Jones Industrial
Average
16,168.03 -153.68
•
IT: The Supreme Court asked income tax authorities and
Nokia India to “find a way out” of the imbroglio in a case
related to Microsoft buying stake in Nokia in a $7.5-billion
global deal.
Nasdaq Composite
4277.30 -30.82
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