2. Gush of dollars set to hit India as emerging markets close gates India is probably the only major developing nation in the world that is still holding back from restrictions on fund flows. The rupee rose 0.9% to 44.12 per dollar to a two-year high as global investors poured in a record $22 billion into Indian stocks. Thailand this week joined Brazil and South Korea in imposing curbs on overseas flows that were distorting trade as the US is set to ease controls and China stuck to its stand near fixed yuan exchange rates. (http://economictimes.indiatimes.com/markets/forex/Gush-of-dollars-set-to-hit-India-as-emerging-mkts-close-gates/articleshow/6750892.cms)
3. After Mahindra's $10 mn, Tata donates $50 mn to Harvard This is the largest gift the school has received from an international donor in its 102-year history. The funds will be used to build a new academic and residential building on the school's campus in Boston. Ratan Tata, chairman of Tata Sons Ltd since 1991, attended the school's advanced management programme - one of three leadership programmes offered by the school's executive education programme. (http://economictimes.indiatimes.com/news/international-business/After-Mahindras-10-mn-Tata-donates-50-mn-to-Harvard/articleshow/6751272.cms)
4. Infosys Q2 net rises 16.7% to Rs 1,737 crore Its net profit for the second quarter rose to Rs 1,737 crore, up 16.7% compared to the preceding June period. Revenues during the quarter to September were Rs 6,947 crore, reporting an annual growth of 24.4%. For investors waiting to hear more positive commentary from Infosys, even 200% special dividend commemorating the company’s thirtieth year, failed to bring any cheer. (http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/Infosys-Q2-net-rises-167-to-Rs-1737-crore/articleshow/6756585.cms)
5. Food inflation up at 16.37% vs 16.24% (WoW) India's food price index rose 16.37% while the fuel price index climbed 11.14% in the year to October 2. In the prior week, annual food and fuel inflation stood at 16.24% and 10.73%, respectively. (http://www.moneycontrol.com/news/economy/food-inflation-at-1637-yoy-as-at-oct-2-govt_491566.html)
6. Commonwealth Games probe begins; PM orders action against guilty A PMO communique said the Prime Minister has asked a panel headed by former CAG V K Shunglu to hold the inquiry. Trouble is already brewing for the government as the Public Accounts Committee of Parliament, headed by MrMurliManohar Joshi, is ready with a report indicting government agencies involved in the execution of projects. (http://economictimes.indiatimes.com/news/politics/nation/Commonwealth-Games-probe-begins-PM-orders-action-against-guilty/articleshow/6757109.cms)
7. 30 commit suicide in 45 days to escape microfinance agents About 30 persons have committed suicide in the last 45 days, apparently due to the coercive methods of Micro-Finance Institutions (MFIs) in Andhra Pradesh. The state government issued a Special Ordinance today to regulate the functioning of MFIs. It prohibits the MFIs from employing anyone without an identity card for the purpose of recovery and said recovery personnel should only ask for payment of loans in a public place. (http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/30-commit-suicide-in-45-days-to-escape-microfinance-agents/articleshow/6755644.cms)
8. Market Watch Top Gainers (Previous Week) Top Losers (Previous Week) NSE LIVE 6,062.65 -114.70 (-1.86%) BSE LIVE 20,125.05 -372.59 (-1.82%) (http://money.rediff.com/)
