After IMF, Rajan's men cut growth forecast...
- RBI sponsored forecasters on Monday scaled down India's growth projection to 4.8% for the current fiscal from 5.7% estimated earlier.
- IMF & World Bank have also lowered their growth projections for India (their estimates ranges between 4.3% to 5.9%).
Sahara told to submit title deeds to Sebi
- Holding that it was playing "hide and seek" and can't be trusted anymore, the Supreme Court directed the Sahara Group to hand over title deeds of its properties worth ₹20,000 crores to Sebi.
- Without depositing the investors' money with the market regulator, Subrata Roy has been ordered not to leave the country.
Sebi may allow Convertible bonds...
- May allow firms to issue convertible debentures along with shares during an IPO, so that risk-averse retail investors will have the choice to either go for shares or subscribe to the debentures.
Want a good cook, go to a Kerala prison...
- Jails in the state are sprouting culinary talents & the food prepared by inmates has become a hit among the public.
- Jail inmates from organic vegetables are preparing chapatis, curries, idlies, chips, laddus & cakes of mouth watering taste and that to at half the market price.
- It's a win-win situation for everyone, the govt. got as much as ₹14 crores last hear from this & for convicts job offers from restaurant owners are flowing in.
NBA Team co-owner bets India to be the biggest market after USA & China...
- Vivek Ranadive, the Mumbai born is more famous today for being part of the three-man group that bought NBA team 'Sacramento Kings' at record $534 million, than for digitising Wall Street trading in the 1980s.
- With a vision of making Kings India's home team, they recently unveiled a hindi website; the first NBA team to do so apart from other promotional activities.
- NBA is also pinning its hopes on a 17 year old 7-foot one inch teenager from Punjab, Satnam Singh Bhamara, to do the sport in India, what Yao Ming did in China.
- Satnam is now on a scholarship at the IMG Academy in Florida, being touted as the next LeBron James.
University of Chicago to open a new centre in Delhi next spring, to enhance collaboration among scholars from India & Chicago.
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