RBI opens Rs.25,000 crore window for mutual fund industry

rbiMumbai, July 17 : The Reserve Bank Wednesday opened a three-day borrowing window of Rs. 25,000 crore to help mutual funds meet their financial needs.

The central bank said that "as a contingency measure", it had decided to conduct a special repo under which banks could raise funds totalling Rs. 25,000 crore at 10.25 percent interest.

Sensex closes 98 points up; banking stocks tank

SensexMumbai, July 17 : A benchmark index of Indian equities markets Wednesday closed 98 points or 0.49 percent up on the hope of better earnings season and global cues.

Good buying was seen in fast moving consumer goods (FMCG), consumer durables and IT sectors; while baking index (bankex) tanked substantially followed by metal and auto sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 19,928.95 points, closed at 19,948.73 points, up 97.50 points or 0.49 percent from the previous day's close at 19,851.23 points.

Ayushmann, Siddharth wish to work with Katrina

Siddharth-Malhotra-Ayushmann-KhurranaMumbai, July 17 : Katrina Kaif, who turned 29 Tuesday, has new found admirers in young actors Ayushmann Khurrana and Siddharth Malhotra who hope to share screen space with the actress some day.

"Who doesn't want to work with Katrina! She is awesome, she is a good actor and she is beautiful," Ayushmann said at the screening of "Ship of Theseus".

Katrina is currently shooting for "Dhoom 3" with Aamir Khan and "Bang Bang" with Hrithik Roshan.

Obama pushes for immigration reforms

Barack-ObamaWashington, July 17 : Making a push for immigration reforms, a key priority of his second term agenda, President Barack Obama has said a bill without a path to citizenship for illegal residents "does not make sense."

"It does not make sense to me, if we're gonna make this once-in-a-generation effort to finally fix the system, to leave the status of 11 million people or so unresolved," Obama said in an interview with the Spanish-language network Telemundo's Denver, Colorado, affiliate.

Take right precautions to battle flight woes

long-flightsLos Angeles, July 17 : Some are okay with long flights, while others face vertigo during long hours of flying. simple precautions like intake of water and Vitamin C can help people overcome air sickness during long haul flights.

Here are five simple ways to fly safely and in a healthy condition, reports femalefirst. co. uk.

Eat raw food: Your body retains more water and suffers less from dehydration if you pack it with live, raw nutrients. Usually take a snack and a meal for a four hour period and double it for longer journeys.

India will achieve revenue target in 2013-14: Finance Minister

P-Chidambaram_New Delhi, July 17 : Finance minister P. Chidambaram Wednesday said the government will achieve its budgeted revenue target for the current financial year.

"In 2012-13, we achieved 21 percent increase over the previous year's collection. With economy expected to grow certainly higher than 5 percent, I think with growth close to 6 percent, we should be able to collect 19 percent more than last year," he said.

The finance minister was inaugurating the 28th conference of chief commissioners and director generals of the Central Board of Excise and Customs (CBEC).

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