Tea Time Evening Report 13th June 2013

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> MARKET NEWS
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> Thursday, June 13, 2013
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> How your home loan EMIs are calculated
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> An EMI, or equated monthly instalment, is a certain amount of money that is payable by you to the bank (in case you have taken a home loan) in order to obtain legal possession of the house.
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> Tata Coffee clarifies to BSE after stock crashes 20% for 2nd day
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> Tata Coffee shares had crashed 20 per cent on Wednesday too, ending at Rs 1,100.But later recovered from lower levels.
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> RBI may hold rates as it eyes rupee, current account deficit
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> A Reuters poll showed 28 of 38 analysts expected the RBI to hold the repo rate at 7.25 per cent, while 30 of 34 expect banks' cash reserve ratio to be left unchanged at 4.00 per cent.
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> April IIP growth revised to 2.2 per cent
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> The data was revised as the government corrected production data for electricity, the statement said.
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> Ranbaxy eyes US drug launches with sales exclusivity
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> The first company that seeks approval from the US Food and Drug Administration (USFDA) for a generic version of a patented medicine gets exclusive rights to sell it for 180 days after patent expiry.
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> Chidambaram pledges more reforms but rupee drops further
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> The finance minister on Thursday pledged new reform measures by the end of June including lifting caps on foreign direct investment and changes in locally-produced gas prices to win back investor confidence.
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> Nikkei sinks 844 points to lowest close since April 3
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> The Nikkei average tumbled 6.4 percent on Thursday, hitting its lowest close since April 3 - the day before the Bank of Japan unveiled sweeping stimulus to revive the economy - as investors further cut their long Japanese equities and short yen positions.
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> Indian economy to grow 6.7% by FY15: World Bank
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> Exports and private investment, which slowed sharply in 2012, are projected to strengthen during 2013-15 and provide a boost to growth.
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> Rupee extends losses to 58.56, unaffected by Chidambaram's assurance
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> Rupee extends losses to 58.56, unaffected by Chidambarams assurance
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> Gold edged lower on Wednesday as stock markets rebounded after two days of losses, with the metal remaining under pressure from expectations that central banks' commitment to ultra-loose monetary policy may be waning.
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