Comments on RBI Policy decision by Mr. Mustafa Nadeem, CEO, Epic Research. Today’s RBI Policy was, as widely expected by the market, neutral. Market has been expecting the same since the volatility was easily absorbed and markets remained at day’s high post policy announcement. The neutral stance is very much consistent with the core objective of RBI that is to keep medium term inflation in check at 4%.

Policy has of course revised its Inflation projection at 4.2-4.6% in second half of FY17-18. Inflation has changed its trajectory to upwards and seems to have tapered off the base effect in August.

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Indian stock market touched all-time high level of 30,793 for BSE Sensex benchmark index on Thursday. The rally in the last hour of the trading session led stocks to their highest level till date. Indian markets have been touching multi-year highs over the last few months. Today’s rally was supported by banks and blue-chip stocks.

Market analysts and traders are still optimistic about strong rally in coming months. If global factors remain positive, Indian stocks could easily push 31,000 level in June.

Among major gainers in today’s trade were Maruti Suzuki, L&T, HDFC Bank, TVS Motor, Voltas and KEC International.

Macroeconomic data i.e. IIP and inflation data signaled the economic revival, which led the benchmark indices to trade positively on the Monday. Further, indices made fresh highs following the IMD forecast report on arrival of early monsoon. Apart from that, FIIs who have turned net seller in the market, again seems to be buoyant in the Indian market, which has also provided positivity to the surging indices. Also, GST Panel meeting in Srinagar remained the lime light as council was meeting to finalize the rates of goods, services. Apart from above, better than expected corporate results for the Q4 too provided support to the surging indices.

Investors turned cautious after President Donald Trump started controversy in the United States following surprise change of FBI chief. President Trump is facing a major crisis and investors in the U.S. market turned cautious. As the U.S. markets declined, markets worldwide reacted and declined as well. Most of the stock markets have been trading at their yearly or multi-year highs and even small events of uncertainty lead to fear among market players.

In the Indian stock market, partial sell-off was witnessed on Thursday. However, other emerging markets like Brazil and Turkey faced major declines. Indian stocks closed almost flat on Friday but investors have turned cautious after recent U.S. events.

New Delhi [India], Apr 29 : Introspecting the non-compliance of tax havens with currency and fiscal reforms, Union Finance Minister Arun Jaitley on Saturday asserted that it is important for the Indian economy to move from a non-compliant to a highly-compliant state.

Delivering the inaugural address at the Enforcement Day celebrations of the Enforcement Directorate (ED) here, the Finance Minister, while highlighting the importance of tax compliance urged the ED to exercise their power of penalising those who violate the law.

"The ED should extensively use its power to bring offenders to the forefront. Fear of the law will ensure automatic compliance with the norms," he said.

Washington D.C. [USA], April 29 : Two NASA satellites have provided forecasters in Australia with visible and rainfall data as tropical cyclone 'Frances' strengthened in the western Timor Sea.

NASA's Aqua satellite has captured a visible image of the storm that showed a cloud-filled eye, while the Global Precipitation Measurement Mission or GPM core satellite found heaving rainfall occurring.

Frances formed north of Melville Island, Australia on April 27, 2017.

Frances has been gradually intensifying while moving south-southwestward through the Timor Sea.

Frances had maximum sustained winds estimated at 50 knots (57.5 mph) when the GPM core Observatory flew over on April 27, 2017 at 1936 UTC.

New Delhi [India], Apr 29 : Direct Create, a collaboration-based community platform built to rapidly scale the handmade sector on Friday announced its plans to bring in an additional 1000 makers along with a count of over 200 designers in the coming quarter.

Direct Create is not just selling products but also celebrating the Indian artisans and the deep-rooted craft traditions. From exquisitely crafted textiles and apparel to wooden furniture or hand printed toys, Direct Create is connecting with the makers and designers to build India's first online community of creators who can seamlessly work online and offline.

New Delhi [India], Apr 29 : E-commerce platform Amazon on Friday announced its partnership with Rocking Deals for the sale of refurbished phones within its 'seller warranty.'

Rocking Deals came on board for selling its used products on ' Amazon Used ' a few months back. The company soon managed to become one of the most trusted sellers on board. To this regard, Amazon decided to make Rocking Deals the exclusive seller of refurbished phones on the portal with its seller warranty.

There is a lot of responsibility for a brand like Amazon to maintain the trust of their customers on refurbished products like on the brand new ones. The choice of the third company selling used product, therefore, had to be done very wisely.

New Delhi [India], Apr 29 : Mobile and desktop advertising network AppsDiscover Technologies Pvt. Ltd on Friday announced the appointment of Muhammad Jumhari as the Country Head-Indonesia.

After establishing a strong base in India and Singapore, AppsDiscover now offers its services in the Indonesian market and is looking to expand its business in South-East Asia to work with local advertisers in Indonesia.

The company, since its inception in 2013, has come a long way in providing state-of-the-art solutions by offering the most preferred online affiliate programs and affiliate marketing products.

New Delhi [India], Apr 28 : Union Finance Minister Arun Jaitley has asserted that in order to ensure consumers avail all benefits of the Goods and Services Tax (GST), it is important to take crucial decisions to make India an 'increasingly tax compliant society'.

Speaking at the annual session of the Confederation of Indian Industry ( CII) here on Friday, Jaitley while highlighting the importance of the GST, stated that the Constitution amendment Bill for the same was passed unanimously in Parliament.

"In the 14 meetings of the GST Council held till date, we have not gone for vote once. All decisions were taken unanimously," he said.

New Delhi [India], Apr 28 : According to a report published by the Deutsche Bank, the government has two more years to're-energise' the economy, re-start the investment cycle and accelerate job growth.

May 25, 2017 marks the completion of three years of governance under Prime Minister Narendra Modi, but despite several new policies, investment growth in the country continues to be stagnant, leaving a similar impact on economic growth and job creation in the country.

"With urban employment growth stalling over the past few quarters due to slowing investments in e-commerce/internet startups and Indian IT services demand, job creation is likely to take on critical status on the government's economic agenda as the government enters the last two years of its term," says the report.

New Delhi [India], Apr 28 : Digital payment platform FreeCharge on Thursday announced the launch of coupons on its e-wallet to enhance user engagement and reactivation.

Through this initiative users can now benefit from every recharge and bill payment they make on FreeCharge and can select coupons worth the same amount that effectively leads to equivalent savings.

The company tied up with prominent brands across all categories including food, shopping, travel, ticketing and entertainment to provide the users with array of options.

New Delhi [India], Apr 27 : Multiplex chain PVR Ltd. on Wednesday signed an agreement with IMAX Corporation to add five more IMAX theatres in the Indian market. Through this rollout, PVR cinemas will reach a count of 10 IMAX screens and retain its position as the largest IMAX partner in India.

The new IMAX theatres, which are planned to be located in Delhi and other major metropolitan markets and will comprise a combination of new and existing PVR cinemas, are slated to begin opening this year, with all theatres expected to launch by the end of 2019.

New Delhi [India], Apr 27 : According to the real estate advisory firm PropTiger.com's findings, the real estate sector in India witnessed a revival after demonetisation, with sales increasing by 13 percent as compared to 22 percent fall in the previous quarter across top nine cities of India.

A subsidiary of Elara Technologies Pte Ltd., which also owns Housing.com and Makaan.com, the firm on Wednesday released the findings of the ' Realty Decoded Report ' for the January-March quarter of financial year 2016-17 (Q4, FY17).

New Delhi [India], Apr 27 : UTStarcom India Telecom Pvt. Ltd., a global telecommunications infrastructure provider on Wednesday announced its plan to increase its investment in India at the 'Next Gen Innovation Summit 2017- and Beyond', an event organised by UTStarcom Inc.

"We have been committed to the Indian communications industry and have been making the required investments in India. The company would be increasing its investment in India so as to further consolidate its presence in the Indian telecom infrastructure market," said Tim Ti, Chief Executive Officer, UTStarcom Inc.

The company would be making investments in setting up its local manufacturing and R&D. Further investments will be used in increasing its equipment portfolio and scaling up its manpower in India.

New Delhi [India], Apr 27 : Aiming to deliver more long-term and impactful changes to Search, Google on Wednesday announced key updates to its algorithms and introduced additional features to address the challenges with locating relevant from the most reliable sources available.

Google has made structural changes in Search that include improvements in ranking, easier ways for people to provide direct feedback, and greater transparency around how Search works.

To help prevent the spread of offensive or misleading content that has been known to surface in a small subset of queries, Google has improved its evaluation methods and made algorithmic updates that surface more authoritative content.

New Delhi [India], Apr 27 : Tata Motors have announced readiness of SCR (Selective Catalytic Reduction) and EGR (Exhaust Gas Recirculation) technologies for BSIV compliant engines, powering its range of commercial vehicles.

EGR technology adopted by Tata Motors in 2010 will continue to power small-to-medium category of commercial vehicles with engine power requirements up to 180HP.

EGR helps to reduce NOx emissions from the engine. Additionally, Tata Motors has adopted the globally proven SCR technology since 2014 for its Medium and Heavy-Duty Commercial vehicles ranging from 130HP to 400HP.

New Delhi [India], Apr 26 : Union Finance Minister Arun Jaitley on Wednesday asserted that that the Centre has no plans to impose any tax on agriculture income, while acknowledging that as per the Constitutional Allocation of Powers, the central government has no jurisdiction to impose tax on agricultural income.

"I have read the paragraph in Niti Ayog Report entitled 'Income tax on agriculture income'. To obviate any confusion on the subject, I categorically state that the Central Government has no plan to impose any tax on agriculture income," said Jaitley.

However, NITI Aayog member Bibek Debroy made strong case for taxing agriculture income, an opinion contrary to the government's stated position.