TopNews

Indian Finance minister has a tough job of keeping the middle class happy and to reduce the fiscal deficit. The industry is also looking for help from FM as many sectors have seen decent growth in the recent quarters, helped by stimulus package and favourable market conditions.

Moody's Investors Service has issued a new statement regarding the credit rating for the country. The latest report said, "India's credit rating may be raised from junk if Finance Minister Pranab Mukherjee provides a comprehensive plan to roll back fiscal stimulus and cut the budget deficit this week."

Selling nature in the oil and gas stocks made the Sensex down by around 0.2 per cent and Nifty down by around 0.25 per cent, after the lowering of crude oil price in the commodity markets.

On Tuesday, Realty, oil and gas and consumer durable stock indices have been severely hit. DLF, Unitech, Ansal and Mahindra Life space shares were down by more than 1 per cent whereas Sobha Developers was down by around 2.5 per cent which has occupied a major position in Realty space.

All the shares listed in oil and gas index were down except for GAIL which managed to retain its original state.

The recent privacy backlash over the Google's new social-networking service Buzz has become a hitch for the company. The internet giant is now facing toughest times ever.

According to industry observers, the major complaint received from its customers is that the company is overlooking predictable consumer concerns, like privacy worries, consumer service the importance of intuitive products.

Larsen & Toubro (L&T), the engineering and construction giant, has some serious plans for its financial wings. Just a day after it launched its asset management company, L&T Mutual Fund, it has made clear that it is going to concentrate more on the engineering and capital goods sectors.

The company has also said that within a period of 12 months, it is would be selling its stakes in the two finance units. The statement was given to a private newspaper, Business Standard on Tuesday. The company had earlier said that it would be listing the two divisions.

US scientific body had admitted at the weekend that Science has lost public poise after the recent attack on climate research. As per the statement of President of NAS at the annual meeting of the American Association for the Advancement of Science (AAAS) in San Diego, American Population has lost faith in science.

According to Ralph Cicerone, president of the National Academy of Sciences, public opinion surveys in the US has shown that the deterioration in the public attitude to climate science has spread over to other areas of science.

Apple has posed a ban on several sexy apps earlier available on its Application Store. These applications which are considered to be illicit are alarming and disturbing for public viewing.

This news was corroborated by the tech-blog site -Tech Crunch. It further states that the sexy app has a store of apps like the Sports Illustarted swimsuit app, the Playboy app and the FHM app- featuring girl of the week photos.