PGC NEWSLETTER4th, April 2014 1
PGC
NEWSLETTER
4th, April 2014
THOUGHT OF THE DAY
“To live a creative life, we must lose o...
Upcoming SlideShare
Loading in...5
×

PGC NEWSLETTER 4,April,2014

32

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
32
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

PGC NEWSLETTER 4,April,2014

  1. 1. PGC NEWSLETTER4th, April 2014 1 PGC NEWSLETTER 4th, April 2014 THOUGHT OF THE DAY “To live a creative life, we must lose our fear of being wrong.” ECONOMICS NEWS • The government is believed to be working on a strategy to resolve the matter related to Wednesday’s Supreme Court order asking Samsung Electronics Chairman Lee Kun- hee to appear within six weeks before the Ghaziabad trial court in a pending payment case. • In what could spell fresh trouble for India’s hydrocarbon explorers, the Supreme Court on Thursday asked the government to explain why it chose the “complex” Rangarajan formula for gas pricing when it could have adopted “simpler methods” like cost-plus pricing or revenue- sharing. CORPORATE LAW UPDATES • SEBI has issued the Securities Laws (Amendment ) Ordinance, 2014. • The Competition Commission of India has issued Procedure in regard to the transaction of business relating to combinations (F. No. CCI/CD/Amend/Comb. Regl./2014) • Market regulator SEBI has revamped its committee on disclosure and accounting standards . RBI / TAX LAW UPDATE • RBI: The credit growth of the banking system grew 14.31 per cent year- on- year in the fortnight ended March 21, show Reserve Bank of India data released on Thursday. • The Reserve Bank of India will conduct a 13- day term repo variable rate auction for a notified amount of Rs 60,000 crore on Friday. www.proglobalcorp.wordpress.com MARKET UPDATES SENSEX 22,444.76 -64.31 CNX NIFTY 6,719.05 -17.05 DOLLAR/ RUPEE 60.32 0.14 MCX SILVER 43089.0 0.16 MCX GOLD 28,466.0 31.0 MCX CRUDE OIL 6082.0 0.4 Dow Jones Industrial Average 16,572.55 -0.45 Nasdaq Composite 4237.74 -38.72

×