Good Morning! News 8.7.2014 1. Though India has been one of the best-performing markets in the last two months, it has lagged some of its emerging market peers such as the Philippines, Thailand and South Africa. 2. Carrefour, the second-largest retail chain in the world and the largest in Europe, has decided to exit India, less than four years after it opened its first store in the country. 3. The BRICS nations are likely to formally announce the setting up of a $100-billion fund, which will help member countries tide over a current account deficit crisis, at their fifth summit next week in Brazil. 4. With the government expected to announce a big-bang privatisation programme in the July 10 budget, the loudest pop could come from the sale of a 5-10 per cent stake in ONGC that would raise as much as Rs 35,000 crore at current market prices, a record for stake sales in stateowned companies. 5. India’s second largest information technology services company, Infosys, could be in for further transformation after its chief executive officer-designate Vishal Sikka takes charge on August 1.
Posted on: Tue, 08 Jul 2014 03:56:06 +0000
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