Tendulkar to retire after his 200th Test match

Sachin-TendulkarNew Delhi, Oct 10 : India's cricket legend Sachin Tendulkar will bring down the curtains on his 24-year-old illustrious career with his 200th Test against the West Indies in November.

The final match of the two-Test series against the West Indies starting Nov 14 will be Tendulkar's last. The match could be hosted in Tendulkar's home town Mumbai. The first Test is slated for Nov 6.

Tendulkar, who retired from ODIs last December, said he has been living a dream for the last 24 years.

Manmohan Singh my political guru, says Rahul Gandhi

Rahul-GandhiSangrur, Oct 10 : Congress vice president Rahul Gandhi Thursday heaped praise on the prime minister, saying he was his political guru and no one could match the development work done by Manmohan Singh.

"I have two political gurus, Congress president Sonia Gandhi and the prime minister," Gandhi said while addressing a rally in this Punjab town.

"No one else has done so much development work as done by the prime minister," he said.

He thanked the people of Punjab for "giving us the prime minister".

A Rally For USD/JPY While 10 Year US Treasuries Move Lower

US Bonds were trading lower in the last two sessions after the minutes of the Federal Reserve showed that most policymakers still favor a tapering program this year. But sell-off on bonds came on news that QE could end in mid-2014. USD was firstly down on the news, but then it recovered during the Asian trading hour. However, EUR/USD is again finding some bid, so no real direction at the moment. Meanwhile the S&P Futures are rallying.

I am looking at the 10-year US notes where I suspect that prices are moving lower into wave B that is part of a larger three wave rally on a daily chart. Wave B could reach levels around 124-124.50 so there is room for more weakness. If weakness will resume, then US yields will rally which will support the USD/JPY.

Bullion: A Volatile Ride in Bullion Market

Bullion: A Volatile Ride in Bullion MarketBullion edging lower on signs the Federal Reserve may trim its stimulus measures this year and as the dollar rebounded after President Barack Obama began meetings with lawmakers to resolve the U. S. budget crisis.

Safe-haven buying in the last few sessions, as a result of the U. S. government shutdown, evaporated as the dollar climbed off eight-month lows, also helped by the nomination of Janet Yellen as the next Fed chief.

Physical buying failed to pick up despite the lower prices, raising questions about what could support gold prices after the U. S. budget impasse is resolved.

CapitalVia Global Research Limited launches app for intra-day trader

CapitalVia Global Research Limited launches app for intra-day traderOctober 10, 2013, New Delhi: CapitalVia Global Research Limited, one of the country's leading pure-play financial research companies providing recommendations for intra-day equity and commodity trading, today announced the launch of a first-of-its-kind mobile application that would give value-added services to its clients.

SBI cuts interest rate on loans for consumer durable

SBI cuts interest rate on loans for consumer durableThe State Bank of India (SBI), the country's largest state-owned lender, on Wednesday slashed interest rates as well as processing fee for auto loans, and announced the launch of consumer loan products for salaried employees.

The stated-owned lender announced that it would now charge an interest rate of 10.55 per cent, down 0.20 percentage points from the previous interest rate of 10.75 per cent.

The lender also slashed processing fee to a flat rate of Rs 500.

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