Global Markets
1. S&P500 maintains gains following spending data S&P chart
2. US government to sell stake in Citigroup: This would be one of the largest stock sell-offs in history
3. Greece launched a sovereign bond issue, easing concerns about the country's debt problems: Dollar’s strengthening spree halts on this news Dollex chart
4. Gold rises at the backdrop of falling Dollar. Gold chart
5. Crude Oil closes above $80 a Barrel: Dollar down against euro, helps lift crude
Economy
6. Food Inflation eases: Food inflation fell marginally once again to 16.22% for the week ended March 13 from 16.3% in the week before
7. India threatens to move WTO on carbon tax issue: EU, US propose to impose levy on exports from here
8. India to go easy on FDIs: Initiated implementation of FDI rules which proposes upto 1200 crore foreign equity would be cleared by the finance minister without seeking approval of cabinet committee on Economic Affair
Indian Markets
9. Nifty shrugs-off rate hike news and continues its bullish streak Nifty chart
10. FIIs and DIIs have different perspectives: FIIs were net buyers this week pumping over Rs. 2929.5 Cr into the market, DIIs remained net sellers by pulling out over Rs. 430.8 Cr
11. Corporates face new tax hurdle: New provision may bring rights issues, preferential allotments into tax net
12. RBI initiates distribution of banking licenses: Credit Suisse gets RBI approvals for banking foray; Industry groups unlikely to get banking licenses
Sectors
13. Sugar cos. want 60% import tax back to curb dumping
14. RBI warns of lagged impact of slowdown on bank profits: 1st financial stability report sees impaired credit quality, squeezed margins
15. Paper industry gets a near term boost: Pulp prices firm up as supplies from quake-hit Chile are hit
16. Banks pull out INR 500bn($11bn) from MF after March 15
Stocks
17. FDI still not in full flow in telecom: Despite 74% cap, Average foreign holding in 3G bidders is just below 40%
18. Axis Bank eyes pie in Insurance business: Private sector Axis Bank is in talks with Max New York Life to pick-up a less than 5% stake in the latter axis chart
19. Indian Hotel to add 15 Vivanta & Gateway hotels by 2011 chart
Quotes
20. "Risk comes from not knowing what you're doing." - Warren Buffett
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