Fitch affirms US AAA credit rating, outlook still negative

Fitch Ratings on Tuesday affirmed its AAA credit rating on the United States and maintained a negative outlook, citing a diversified and wealthy economy that is undermined by the government's inability to agree on deficit reduction measures.

"The uncertainty over tax and spending policies associated with the so-called 'fiscal cliff' weighs on the near-term economic outlook," Fitch said in a statement. (curtsey : money control)

Rupesh Yatesh Dalal
Head Research Department

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Kirana stores dump big brands like Hindustan Unilever, Dabur and PepsiCo, stock high margin US brands

A few months ago, Dhananjay Jain, a grocery owner at Vidisha Road in Bhopal, decided to stock two alien brands - Right Buy and Members Mark - because they offered much higher margins than national brands and had lower price tags. Today, these floor cleaners, tea and cornflakes brands contribute nearly 20 per cent to his monthly sales. 

Many of his consumers may still have no idea where these brands priced 10-30 per cent less than those ofHindustan Unilever, Dabur and PepsiCo are

US mkts end lower as major central banks cut interest rates

The US markets closed marginally lower in thin trading after a round of interest rate cuts by major central banks and as investors remained cautious ahead of Friday's key government jobs report.

On economic data front, weekly jobless claims dropped 14,000 to a seasonally

Asian shares pressured by growth worries despite stimulus, focus on U.S. jobs

(Reuters) - Asian shares paused on Friday, pressured by falls overnight in global shares as sentiment remained cautious despite new stimulus steps taken by three major central banks, with focus now pinned to the U.S. jobs data due later in the day.

The U.S. jobs report will offer clues about the extent of damage the euro zone's debt crisis

Firms see India 3rd most-favoured destination: U.N. report

(Reuters) - Major global companies consider India their third most favoured destination after China and the United States, a U.N. report said on Thursday, and investment inflows could increase by more than 20 percent both this year and next.

Foreign direct investment (FDI) flows into India leapt 30 percent to nearly $32 billion in 2011, though held

US may take India to WTO over cheap cancer drug licence

The US thinks it is the Indian drug industry which will get the advantage of a cheaper Nexavar, not its cancer patients.

A report in The Economic Times says the US patent office and the House of

Credit Suisse Cut 3 Levels As Moody’s Downgrades Banks

Credit Suisse Group AG (CSGN)’s credit rating was cut three levels and Morgan Stanley (MS)’s was reduced by two as Moody’s Investors Service downgraded 15 banks in moves that may shake up competition among Wall Street’s biggest firms.

Credit Suisse was cut to A2, the same as JPMorgan Chase & Co. (JPM) and BNP Paribas SA (BNP), as Moody’s completed a review of global

Check out: Cues that may change Nifty's direction today

The US markets closed sharply higher after a wild final hour of trading following a report that central banks are preparing coordinated action to provide liquidity after the Greek election. The CBOE volatility index closed below 22.

On the economic data front, weekly jobless claims unexpectedly

Asian shares rise on higher U.S. market, Europe worries cap

(Reuters) - Asian shares rose on Wednesday, following gains in European and U.S. markets where bargain hunters bought beaten down stocks, but markets remained vulnerable to the euro zone's debt woes as Spanish yields hit record highs on worries over banks.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.2 percent, after Wall

US to exempt India, not China, from Iran sanctions

(Reuters) - The United States extended exemptions from its tough, new sanctions on Iran's oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of the month.

In the latest sign Washington is working with other countries to pressure Iran's nuclear