Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Factory output grows to 7-month high, says HSBC index Slowing demand may not hit margins in Q3, says Crisil Current account deficit to be at last year’s level: Rangarajan Added worry on external payments situation RBI may seek heavy duty on gold imports INTERNATIONAL ECONOMY Asian Stocks Advance After Senate Passes U.S. Budget Bill European Stocks Jump to 22-Month High on U.S. Budget Deal U.S. Stocks Rally as Lawmakers Pass Budget Agreement Singapore GDP Topped Survey Last Quarter, Avert Recession U.K. Manufacturing Revives as Euro Factories Struggle: Economy Outlook for 2013 Improves as U.S. Manufacturing Climbs EQUITY MARKET Sebi Plans More Stringent Norms for Share Buybacks Is the Rally Too Good to Last? Nifty breaches 6,000-mark, hits 2-year high Only few car-makers see jump in sales DEBT MARKET Norms for issue of commercial paper eased Bond Tab for Biggest Economies Seen Falling $220 Billion India Inc uses more of CP as loan rates stay high Call rates unchanged at previous closing levels on Wednesday Bond yields tad lower in absence of bond sale this week COMMODITIES/FOREX RBI panel suggests gold-backed products Gold Reaches Two-Week High as Commodities Gain on Budget Copper Advances in New York Following U.S. Budget Accord Oil Rises to Three-Month High as U.S. Passes Budget Bill Govt cuts import tariff value of gold, silver Rupee ends at three-week high of 54.35 Yen, Dollar Weaken as U.S. Budget Deal Damps Demand for Safety  MUTUAL FUNDS Bond Rally Boosts Debt Funds, but Small Savings Rate may Fall Disciplined Investing Results in Performance Earn More as you Invest; Opt for the Direct Plans of Mutual Funds INSURANCE Exclusive third party administrator for health insurers yet to get IRDA nod Firms optimistic about a future 'insured' by regulatory changes REAL ESTATE Realty firm promoters wary of selling stake Credai opposes increase in stamp duty ‘Residential demand remains strong in NCR Over 52% malls are vacant in Mumbai: Assocham Survey OPINION Banking Reform Needs Focus ‘Gold likely to underperform equities’, Gopal Agrawal, Mirae Asset Mutual Fund Pulling back from the cliff KNOWLEDGE CENTER Personal Loans are Easy to Get, but Come at a High Cost Lock for long term before rates fall Restrict Mid-caps to 20% of Equity Portfolio Tax investments should be part of asset allocation policy