RCL Retail - Outcome of Board Meeting

RCL Retail at its meeting held on April 05, 2014, has decided and approved the resolution u/s 180 of Companies Act, 2013 and other applicable provisions of the Act, subject to approval of the members through postal ballot process.

RCL Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 05, 2014, inter alia, has decided the following:1. Approved the resolution u/s 180 of Companies Act, 2013 and other applicable provisions of the Act, subject to approval of the members through postal ballot process.2. Appointed Mr. Balu Sridhar of M/s. A. K. Jain & Associates, Company Secretaries, as Scrutinizer for carrying out the postal ballot process.Source : BSE

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Incon Engineers' re-appointment of compliance officer

Incon Engineers has informed that Mr. Sreedhar Chowdhury, Managing Director of the Company has been re-appointed as a Compliance Officer for the year 2014-2015.

Incon Engineers Ltd has informed BSE that Mr. Sreedhar Chowdhury, Managing Director of the Company has been re-appointed as a Compliance Officer for the year 2014-2015.Source : BSE

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Crude gains as Ukraine crisis heats up anew

Investing.com - Investing.com - Crude futures shot up on Tuesday on fears the Russian standoff in Ukraine may escalate, which could disrupt supply from oil-rich Russia.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in May traded at $102.30 a barrel during U.S. trading, up 1.85%. New York-traded oil futures hit a session low of $100.67 a barrel and a high of $102.49 a barrel.

The May contract settled down 0.69% at $100.44 a barrel on Monday.

Nymex oil futures were likely to find support at $99.95 a barrel, Monday's low, and resistance at $102.89 a barrel, the high from March 7.

Oil prices firmed after pro-Russian activists in Ukraine's industrial center of Donetsk declared their independence from Kiev, a move Ukrainian leaders described as part of a Russian-orchestrated plan to justify an invasion.

U.S. Secretary of State John Kerry said earlier that Russian agents were encouraging unrest in eastern Ukraine and said Moscow was preparing military action in the region.

Capping gains, however, were expectations for Libyan crude exports to normalize.

Libyan government officials and rebels reached an agreement over the weekend to re-open Zueitina and Hariga ports, which normally export a combined total of 200,000 barrels a day, mostly to Europe.

The news sent oil prices falling, as the end to the standoff will increase global supply.

Elsewhere, on the ICE Futures Exchange in London, Brent oil futures for May delivery were up 1.74%, trading at US$107.67 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$5.37 a barrel.

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Dollar edges lower on Fed uncertainty, Ukraine unrest

Investing.com - Investing.com - The dollar traded lower against most major currencies on Monday on concerns that the minutes from the Federal Reserve's March policy meeting due for release on Wednesday will reveal a less-than-stellar take on U.S. recovery.

Escalating Ukraine unrest softened the greenback as well.

In U.S. trading on Tuesday, EUR/USD was up 0.38% at 1.3795.

The dollar weakened as investors avoided the U.S. currency ahead of Wednesday's minutes of the Fed's March meeting, which should provide fresh insight as to the direction of monetary policy.

Last week's U.S. payrolls report came in slightly below expectations, which unraveled investors, as Fed Chair Janet Yellen has said slack labor markets will call for accommodative policies to stay in place for some time.

Demand for the euro remained firm after European Central Bank officials on Monday stressed that while fresh easing measures may be needed to steer the euro zone away from deflationary pressures, implementation of such tools is not imminent.

Last week the ECB left the door open to further stimulus measures, saying that unconventional monetary policy instruments may be necessary to avert the risk of ongoing low inflation in the euro zone.

Elsewhere, emerging-market currencies rose across the board on sentiments that even though the Federal Reserve will continue to unwind its bond-purchasing program this year, policy will remain loose for some time to come and make higher-yielding currencies more attractive.

Escalating tensions in Ukraine chipped away at the dollar as well.

Pro-Russian activists in Ukraine's industrial center of Donetsk declared their independence from Kiev, a move Ukrainian leaders described as part of a Russian-orchestrated plan to justify an invasion.

U.S. Secretary of State John Kerry said earlier that Russian agents were encouraging unrest in eastern Ukraine and said Moscow was preparing military action in the region.

The dollar was down against the yen, with USD/JPY down 1.35% at 101.70, and down against the Swiss franc, with USD/CHF down 0.50% at 0.8835.

The yen rose against the dollar and most currencies after BoJ Governor Haruhiko Kuroda indicated that the bank was unlikely to implement further stimulus measures at present. He added that growth and inflation were likely to continue to pick up in the coming months despite a sales tax increase in April.

Earlier Tuesday, the BoJ voted to keep its key policy target of increasing base money unchanged at an annual pace of ¥60 trillion to ¥70 trillion after ending its two-day policy meeting.

The greenback was down against the pound, with GBP/USD up 0.83% at 1.6746.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.46% at 1.0922, AUD/USD up 0.94% at 0.9357 and NZD/USD up 0.84% at 0.8671.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.62% at 79.84.

On Tuesday, the dollar will move as markets digest the minutes of the Federal Reserve's March policy meeting.

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U.S. stocks fall as tech-led selloff extends; Dow down 1.02%

Investing.com - Investing.com - U.S. stocks carried last week's selloff into Monday as investors continued to ditch technology shares on sentiments prices rose too high over the past year's bull market.

At the close of U.S. trading, the Dow 30 ended the session down 1.02%, the S&P 500 fell 1.08%, while the Nasdaq fell 1.16%.

Investors continued to ditch technology stocks for a third consecutive session and jumped to the sidelines to await first-quarter earnings, which brought down broader stock indices.

Weak employment figures released on Friday bruised stocks as well.

The Department of Labor reported Friday that the U.S. economy added 192,000 jobs in March, missing expectations for a 200,000 increase. February's figure was revised up to 197,000 from 175,000, while January's figure rose to 144,000 from 129,000.

The private sector added 192,000 jobs last month, below expectations for a 195,000 rise, while February's figure was revised up to 188,000 jobs added from a previously estimated 162,000 increase.

The report also showed that the U.S. unemployment rate remained unchanged at 6.7% last month compared to expectations for a 6.6% reading.

While the numbers still depict an economy that is improving, the figures were not strong enough to steer investors' attention away from tech stocks.

Still, some tech stocks closed in positive territory after bottom fishers jumped in and snapped up nicely priced shares late in the trading session.

Leading Dow Jones Industrial Average performers included International Business Machines (NYSE:IBM), up 1.42%, Intel Corporation (NASDAQ:INTC), up 1.24%, and Coca-Cola Enterprises Inc (NYSE:CCE), up 1.06%.

The Dow Jones Industrial Average's worst performers included Pfizer Inc (NYSE:PFE), down 2.97%, Goldman Sachs Group Inc (NYSE:GS), down 2.89%, and American Express Company (NYSE:AXP), down 2.87%.

European indices, meanwhile, finished lower.

After the close of European trade, the DJ Euro Stoxx 50 fell 1.34%, France's CAC 40 fell 1.08%, while Germany's DAX fell 1.91%. Meanwhile, in the U.K. the FTSE 100 fell 1.09%.

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Dollar edges lower as markets brace for Fed minutes

Investing.com - Investing.com - The dollar traded lower on Monday on concerns that a lukewarm March jobs report will mean dovish comments will arise in the minutes of the Federal Reserve's March policy meeting due for release on Wednesday.

In U.S. trading on Monday, EUR/USD was up 0.27% at 1.3740.

The dollar weakened as markets prepped for Wednesday's minutes of the Fed's March meeting.

On Friday, data revealed that the U.S. economy added 192,000 jobs in March, below expectations for jobs growth of 200,000.

The U.S. unemployment rate remained unchanged at 6.7%, compared to expectations for a downtick to 6.6%.

The numbers sparked expectations that even though the Federal Reserve will continue to dismantle its monthly bond-buying program, the pace at which it closes the program remains up in the air.

Fed asset purchases, which currently stand at $55 billion a month, aim to drive recovery by suppressing long-term borrowing costs, weakening the dollar as a side effect.

The euro, meanwhile, received a shot in the arm after ECB policymaker Yves Mersch said earlier that while monetary authorities are working on plans to purchase assets to steer the euro zone away from deflationary purchases, such a program is not required yet, while Governing Council member Ewald Nowotny made similar comments.

Separately, Bundesbank President Jens Weidmann said that monetary policy cannot solve the financial crisis, and urged euro zone political leaders to enact fiscal and other reforms.

The comments came after ECB President Mario Draghi said last week that unconventional monetary policy instruments may be necessary to avert the risk of ongoing low inflation becoming entrenched in the euro zone.

The dollar was down against the yen, with USD/JPY down 0.16% at 103.11, and down against the Swiss franc, with USD/CHF down 0.40% at 0.8880.

The greenback was down against the pound, with GBP/USD down 0.20% at 1.6608.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.09% at 1.0970, AUD/USD down 0.24% at 0.9270 and NZD/USD up 0.10% at 0.8608.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.26% at 80.35.

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US singer-songwriter Aloe Blacc tops UK music chart

LONDON (Reuters) - U.S. singer-songwriter Aloe Blacc claimed his first solo UK number one on Sunday when his track "The Man" topped the British singles chart, the Official Charts Company said.

The track by 35-year-old Blacc, whose real name is Egbert Nathaniel Dawkins III, pays homage to the chorus melody of Elton John's first UK top 10 single "Your Song".

Blacc made his UK charts debut in 2011 with "I Need Dollar", which peaked at number two, and last summer provided guest vocals for Avicii's chart-topping track "Wake Me Up", the Official Charts Company said.

John Legend's "All Of Me" climbed three places to take the number two spot, while Duke Dumont's "I Got U" featuring Jax Jones was down one in third place.

In the album chart, the Kaiser Chiefs went straight in at number one with their fifth album "Education, Education, Education & War", knocking winner of reality show The X Factor Sam Bailey's "The Power Of Love" into second place.

George Michael's former number one album "Symphonica" slipped one place to number three, the Official Charts Company said.

(Reporting by Kylie MacLellan; Editing by Gareth Jones)

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Federer fires Swiss to Davis Cup win, Italy edge Britain

REUTERS - Roger Federer sealed Switzerland's place in the Davis Cup semi-finals when he completed a comeback win over Kazakhstan on Sunday but Britain's last-four hopes were trampled into Italian clay in Naples.

France are also in the last four despite looking dead and buried on Friday when they lost the opening two singles matches against a weakened Germany line-up.

Jo Wilfried-Tsonga earned France a 3-2 victory in Nancy, winning the decisive singles rubber against Tobias Kamke to set up a semi-final against holders Czech Republic who breezed past Japan in Tokyo.

Federer, winner of a record 17 grand slam singles crowns, has never won the Davis Cup but has targeted it this year alongside team mate Stanislas Wawrinka.

Australian Open winner Wawrinka, who struggled badly for most of the tie, finally found some form to beat Mikhail Kukushkin 6-7(4) 6-4 6-4 6-4 to level the tie at 2-2 on Sunday before Federer swept past Andrey Golubev 7-6(0) 6-2 6-3 in front of a partisan crowd in Geneva.

Britain began on Sunday with a 2-1 lead against Italy, needing just one of Sunday's two singles to reach the last four for the first time since 1981.

However, Wimbledon champion Andy Murray proved no match for a fired-up Fabio Fognini who won 6-3 6-3 6-4 before Andreas Seppi overcame some early nerves to outclass James Ward 6-4 6-3 6-4 and put Italy in the semis for the first time since 1998.

"We have waited for a long time to go into the semi-finals," Italy captain Corrado Barazzutti said.

"We are very satisfied for that. This is really a great victory. We started the day with two difficult matches. My players played two great matches. It's difficult to believe that we won six sets."

(Reporting by Martyn Herman; editing by Toby Davis)

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Rain likely in Northwest India during the next 24 to 48 hours

A fresh Western Disturbance that lies over north Pakistan along with its associated cyclonic circulation over central Pakistan and adjoining parts of Punjab, will move eastwards to arrive over Northwest India possibly tomorrow, post noon. According to the latest weather update by Skymet Meteorology Division in India, these systems will cause rain in northwest plains as well as in the hills during the next 24 to 48 hours. The areas that are expected to receive showers are parts of Punjab, Rajasthan, Haryana, west Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh and Uttarakhand.

Due to rain and clouds, temperatures in northern parts of northwest plains will continue to remain below normal during the next 48 hours. According to this weather update, Jammu, Amritsar, Ludhiana and Chandigarh recorded below normal maximums on Friday and it is expected that the day temperature will not cross the 30 degrees mark in this period. Meanwhile, southern parts, where day temperatures could shoot up beyond above normal on Saturday and Sunday, will get a reprieve as temperatures will fall on Monday due to clouds and rain.

Weather in Central and South India will again be very hot as temperatures will be in latter thirties and early forties over Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu. According to the latest weather update, a wind discontinuity extending from Odisha to Karnataka across Chhattisgarh and Maharashtra will bring some clouds and rain but it will not bring the temperatures down as most of the activities would take places post noon.

Rain is likely to continue in east India over sub-Himalayan West Bengal and Sikkim in East India and Assam, Arunachal Pradesh and Meghalaya during the next 48 hours. The remnants of a passing Western Disturbance will be working with a trough that extends from northeast region to the Bay of Bengal to perpetuate rainfall in these areas.

By: Skymetweather.com

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Dependency on private healthcare in India- a boon or a bane

During political debates in print and television media we often come across hue and cry raised over corruption and development but healthcare is something that is constantly missing or simply ignored.

In a country where weather related diseases, rising air pollution, availability of safe drinking water and sanitation are an issue, more than 5 million children of less than 5 years of age die every year. Another half a million die within a month after coming into this world. According to estimates by UNICEF less than 45 per cent of the India's population has access to safe drinking water.

Recently Nobel laureate Amartya Sen, while addressing the 11th Kolkata Group workshop, organised by Pratichi (India) Trust, Harvard Global Equity Initiative and UNICEF India, said that India`s health sector is in a dismal condition. He also cautioned against over-reliance on the private health sector in a country where basic health services are minimal. He believes that this situation is causing exploitation of vulnerable and under-privileged patients.

More so because health care is not supported by economic growth but it is vice versa and India has been following commercial principles in this sector very strictly. Health experts, policy makers and activists believe that private healthcare should exist but not at the cost of public healthcare. For the matter of fact, no country around the globe could bring a drastic health care transition without the help of its government.

The need of the hour seems to be financial allocations which are inadequate at present. Primary health care should also be integrated with specialised services for substantial reforms. India could very well take inspiration from developed nations as well as other Asian countries like Thailand, China and Bangladesh.

Indian health sector vs the world

Unlike in developed countries (with an exception of United States of America), India's healthcare sector is dominated by private players with a ratio of 80:20 in favour of the later. The industry is expected to be around 170 billion dollars in another 5-6 years. India spends only 4.1 per cent of the GDP on healthcare while 9.1 per cent is the worldwide average. Considering this void, there is a lot of potential for healthcare spending in India and with summer speedily approaching, we hope the new government pays heed to issue.

picture courtesy- New Zealand Medical Student`s Association

By: Skymetweather.com

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