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Baltic dry index has worst week since October as demand slows
The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed.

F&O OUTLOOK: Indecisiveness spreads to stocks futures
The Nifty traded in the positive territory for most part of the day. The index made an intra-day high of 5,167 but closed at 5,103, indicating caution at higher levels. This means the 5,182 level has acted as a strong resistance for the last four days with crucial support remaining at 5,080. It is difficult to predict when the market will move out of the current trading band as indecisiveness has now spread to stocks futures — most traded Nifty components, such as Tata Steel, Reliance Industries, Unitech, DLF, Tata Motors and Suzlon Energy, closed in a Doji pattern today.

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IVRCL: Value in restructuring
IVRCL has announced a restructuring of its subsidiaries recently. The scheme proposes an amalgamation of IVR strategic resources and IVR Water Infrastructure, which are both wholly owned subsidiaries of IVRCL with IVR Prime urban developers, its real estate arm, where it has a 62.35% stake.
Public Relations

India cancels visas of Headley, Rana

The Indian government has cancelled visas of Pakistani-origin terror suspects David Coleman Headley and Tahawwur Rana, according to sources. - Indian consulate denies "missing" of visa papers of Headley - India awaiting more info on Headley - US court denies bail to Rana; says he could flee - Concern in RS over Indian agencies not allowed to quiz Headley - Somnath, B"wood, Shiv Sena leaders on LeT hit list: FBI - Headley cooperating with FBI to avoid death penalty Arrested by the FBI in October, Headley has been charged with criminal conspiring in the 26/11 Mumbai terror attacks which claimed 166 lives. Rana, who has also been denied bail, faces charges that he provided support to Headley in plotting attacks against a Danish newspaper. Headley in particular made several trips to India to secretly capture videos and photographs on behalf of the Lashkar-e-Taiba of the prospective targets of their attacks in India. Authoritative sources told PTI that the Indian visa of Rana and Headley along with two others were cancelled a day after the FBI filed the case against them in a Chicago Court. Besides Headley and Rana, Indian visas have also been cancelled of those of Rana"s wife Samraz Rana Akhthar and his business partner Raymond sanders. A circular in this regard has been issued to all the overseas Indian missions and point of entry in India. The United States too has been informed about it so does the individuals whose visas have been cancelled. While Headley was issued a five-year multi-entry business visa in July 2007, Rana was given a one-year business visa, valid up to March 2011, and both were also exempted from police reporting if their stay was less than 180 days at a single stretch.


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