Nifty Future is Pointing To Higher Open

After a flat finish on Tuesday , Nifty Futures on Singapore Exchange points to a higher open. Indian shares yesterday rose for the fourth day although after the prediction by Indian Meteorological Department estimated that it expects a below normal monsoon rainfall of 93 percent this year the gains were marginal. The BSE Sensex and Nifty indexes ended little alteration after surging to fresh record highs in intraday trading.
Slamming the #UPA #government on the issue of development, Finance Minister Arun Jaitley on Tuesday vowed to regenerate the economy.
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Output Growth Of Swiss Industrial Improves in Q1

In the first three months of the year the #Swiss Industrial production increased at a faster pace as shown by the provisional result from Federal Statistical Office on Friday.
In the first quarter industrial production increased 0.5 percent year-on-year followed by 0.3 percent rise in the previous quarter. At the same time , turnover gained 0.1 percent , offsetting a 0.1 percent fall a quarter ago.
Orders were risen 4.3 percent annually , reversing the drop of 0.5 percent drop in the previous quarter.

In march there was decline of the industrial production by 0.8 percent after easing 0.9 percent in February . Turn over declined 1.2 percent.
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OBAMA : If Russia Follows International Law , Nato Should Cooperate With Moscow

#Obama , President Of #USA said that his administration have consulted with the congress for sometime after the possibility of prisoner transfer to recover a US Soldier from Afghanistan.
Obama Says that there is possibility that some of them will try to return to disastrous activities.  And Obama said that US has confidence to handle the released Taliban Members if they would cause any harm.
Obama also stated that regardless of what the circumstances they have to face US is #committed to bring back the #prisoners of the #war.
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L&T Q4 Beats The Estimate With A profit Rise of 69 percent

#Larsen&Toubro Ltd India's top ranked engineering company has beated the estimates of the analysts with 69 percent #profit rise due to a steep gain in its #infrastructure and heavy #engineering business.
 L&T in a statement told net profit from continuing operations reached 27.23 billion rupees ($461 million) in January-March from 16.1 billion rupees a year.
Shares of L&T, which lays roads and makes ships, trains and power plant equipment, closed 0.27 percent lower ahead of the release, compared with a flat Nifty.

INFOSYS Is Under Pressure To Appoint New CEO

India's second largest #IT company #Infosys Ltd is under pressure for appointing a new CEO to check the mass departure of junior staffs and reassure investors after a slew of departures at the top.
Infosys shares fell to its lowest level in nine months just after president and board member B.G. Srinivas had resigned.
The departure of Srnivas have created a urgent need for #CEO such that the company is even ready to break its tradition and is ready to hire CEO from outside.
The company, which has been losing market shares to its rivals Tata Consultancy Services Ltd and Cognizant Technology Solutions Corp, did not give a reason for Srinivas' resignation in a stock exchange filing.
According to experts from share market Infosys should appoint a new CEO within one or two months to bring the stability of the company and confidence of investors.

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