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Tata Group India's is India's No. 1, Samsung at No. 2 on TRA list </br> Tata Group has been ranked as India's most creative brand, according to a TRA Research study. "When brands display creativity, they demonstrate an 'intellectual' ability to deal with the future better," TRA said. Samsung Mobiles ranked second on creativity followed by LG and Sony, at the third and fourth place, respectively. Honda was ranked at the fifth spot, Hewlett Packard (HP) at sixth and Dell at seventh. Nokia, Maruti Suzuki and Bajaj bagged the eighth, ninth and tenth spots. (Image Source: Reuters)
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Gold falls to lowest since 2010 as Fed rate-increase bets rise</br> Gold today fell to the lowest in five years as bets that the US will raise interest rates next month increased, curbing the metal's appeal. Gold dropped 0.7 per cent to USD 1,064.83 an ounce. If the decline holds, gold is headed for its sixth straight week of losses, the longest such run since August. Silver also retreated by 1.30 per cent to USD 14.09 an ounce. The metal is trading at its lowest levels since February 2010 as investors weigh the prospects of higher US interest rates after data pointed to a strengthening economy. With gold typically seen as a haven asset, demand for the metal is falling on the prospect of higher returns in US securities. (Bloomberg) (Image Source: Reuters)
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No RBI rate cut on Tuesday: BofA-ML </br> RBI is likely to hit the pause button in its policy review meeting on Tuesday, but a 25 basis point cut is likely in February, says a Bank of America Merrill Lynch report. According to the global financial services major, after the 25 basis points cut likely in February there is little headroom to cut rates, but the Central Bank will continue with its "accommodative" stance. "We expect Reserve Bank of India governor Raghuram Rajan to pause on Tuesday, given the 50 basis points cut last time. He should cut a final 25 basis points in February," BofA-ML said in a research note. (Image Source: Reuters)
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Paul Walker's father files lawsuit against Porsche</br> "Fast and Furious" star Paul Walker's father has filed a lawsuit against car company Porsche, alleging wrongful death of his son. Paul Walker's father alleges the Porsche Carrera GT lacked certain safety features that could have saved the lives of Walker and his friend, Roger Rodas. Walker's father states that the missing features include a stability control system, side-door reinforcements and a breakaway fuel line that could have stopped the car from catching on fire after it hit three trees. The new lawsuit states, "absent these defects in the Porsche Carrera GT, Paul Walker would be alive today." (Image Source: Reuters)
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Jewellers strike: Meanwhile, the government has constituted a panel under former Chief Economic Advisor Ashok Lahri to look into the demands of jewellers. The panel, which has been asked to submit its report in 60 days, will look into issues related to compliance procedure for the excise duty, including records to be maintained, forms to be filled, operating procedures and other relevant issues. (Reuters)
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M S Dhoni becomes brand ambassador for Dubai-based company </br> India's ODI cricket captain Mahendra Singh Dhoni has bagged his first endorsement deal outside the country, signing up to be the brand ambassador of Dubai-based hospitality and event management company Grand Midwest Group for three years. "It is announced today that Dubai-based premium hospitality & event management company Grand Midwest Group has signed a three-year multi-million dollar deal with MS Dhoni as its official brand ambassador," a press release stated. (Image Source: Reuters)
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30,000 IDBI Bank staff on strike against govt privatisation plan </br> Over 30,000 employees of IDBI Bank are on a one-day strike to protest government's plans to privatise the lender by creating a Axis Bank-like structure for it. The employees are protesting under the banner of United Forum of IDBI Officers and Employees, supported by All India Bank Officers Association. At present, the government holds 76.5 per cent stake in IDBI Bank. The government indirectly controls 29.19 per cent in Axis Bank. "We are against the government plans to sell its stake to private players. It wants to achieve its disinvestment target of Rs 69,500 crore through this," a union member said. (Image Source: PTI)
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Gold prices at 28-month high: Commodity experts believe that gold has enough legs to take it higher and could be a good bet even after the run it has had during the year. (Photo: Reuters)
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The Hindu launches Mumbai edition </br> The Mumbai edition of 'The Hindu', one of India's oldest English dailies with a netpaid circulation of about 1.5 million copies around the country, will hit the news-stands in the 'Maximum city' tomorrow. Announcing the launch of the edition at a press meet here today, N Ram, Chairman, Kasturi and Sons, the publisher of the daily, said the new edition has been one of the most ambitious projects of the media house which has a long association with the city stretching from the days of its very inception 137 years back. (Image Source: Reuters)
US visa interview waiver scrapped for kids, senior citizens, foreign workers and students
