No diesel price hike soon: Jaipal Reddy

The government today said it is not in favour of hiking diesel price in the immediate future even as the current retail rate is nearly Rs 12 per litre lower than its actual cost.

Reliance Industries back in $1 billion club with Rs 5,376 crore Q2 profit

After staying out for three consecutive quarters RIL once again crossed the $1 billion net profit per quarter mark in the September 2012 quarter. The net profit of Rs 5,376 crore was more or less in line with the street expectations

GDP growth to remain weak over next 2 quarters: Morgan Stanley

"GDP growth for the quarter ended September 2012 and December 2012 will be sub-5 per cent, as weak agriculture and the slowdown in external demand hamper growth," Morgan Stanley said in a research note. The pick-up in industrial production in August has been largely factored in our GDP growth estimates and the country is likely to clock a GDP growth of 5.1 per cent this fiscal, the report added.

Jet fuel price cut by 3% with effect from midnight Jet fuel prices were today cut by 3 per cent on back of rising rupee, the second reduction in rates this month that will ease burden on cash-strappedairlines. Aviation Turbine Fuel (ATF) price at T3 terminal in Delhi was cut by Rs 2,117 per kilolitre (kl), or 3 per cent, to Rs 68,399 per kl with

| 17 September 2012 1

Word of the Day

Acquisition Cost :The cost that a company recognizes on its books for property or equipment after adjusting for discounts, incentives, closing costs and other necessary expenditures, but before sales taxes

Market Watch

SENSEX 18173 ↑ 38.34NIFTY 5687.00 ↑ 11.20

USD/INR 53.06 ↑ 0.21Gold (MCX) 31006.00 ↓ -278.0Dow Jones 13386.40 ↓ -57.32

HBR Management Tip of the Day

When faced with a big challenge, it’s tempting to anticipate the obstacles that might get in the way, and use them as an excuse not to move forward. But this type of self-handicapping will prevent you from reaching your potential.

Watch for the warning signs. These include holding back, generating lists of excuses, or excessively focusing on the potential obstacles.

Articulate goals, not excuses. Use "what-ifs" and "if-onlys" to help generate ideas about how you might remove obstacles. For example, if you think you might fail because you lack a certain skill, find out how to acquire it.Manage your negative emotions. When faced with obstacles (and there are always some), you’re likely to feel disappointment or anger. Be kind to yourself in working through these emotions and focus on what you can change

FinGyaanDaily News RoundUp

effect from midnight tonight, according to Indian Oil Corp, the nation's largest fuel retailer.

India to see 242,000 millionaires by 2017: Credit Suisse

According to a Credit Suisse Research Institute's Global Wealth Report, the number of millionaires in the country in 2012 stands at 158,000, which is likely to swell to 242,000 by the year 2017, registering an increase of 53 per cent

The time has come for all of us to get together and enjoy. It's time to make merry, sing, dance and have fun.Just gear up to have fun and enjoy with us.All we need is your full support and trust in us.

| 17 September 2012 2

Word of the Day

Acquisition Cost :The cost that a company recognizes on its books for property or equipment after adjusting for discounts, incentives, closing costs and other necessary expenditures, but before sales taxes

Market Watch

SENSEX 18173 ↑ 38.34NIFTY 5687.00 ↑ 11.20

USD/INR 53.06 ↑ 0.21Gold (MCX) 31006.00 ↓ -278.0Dow Jones 13386.40 ↓ -57.32

HBR Management Tip of the Day

When faced with a big challenge, it’s tempting to anticipate the obstacles that might get in the way, and use them as an excuse not to move forward. But this type of self-handicapping will prevent you from reaching your potential.

Watch for the warning signs. These include holding back, generating lists of excuses, or excessively focusing on the potential obstacles.

Articulate goals, not excuses. Use "what-ifs" and "if-onlys" to help generate ideas about how you might remove obstacles. For example, if you think you might fail because you lack a certain skill, find out how to acquire it.Manage your negative emotions. When faced with obstacles (and there are always some), you’re likely to feel disappointment or anger. Be kind to yourself in working through these emotions and focus on what you can change

Question of the Day

The act of ______ securities that you already own will result in neutral position where your gains are equal to the loss

KALAICOM29 invite each and every one of you to be a part of and extend full support towards the thanksgiving event for our seniors

| 17 September 2012 3