[Investors Please Listen] News: Indians have topped the Nielsen Company's Global Confidence Index in October 2009.

• Indians have topped the Nielsen Company's Global Confidence Index in October 2009. Consumer confidence is rising faster in BRIC countries compared to other markets due to an increase in job prospects.

• Banks get tougher!  If your relative is a defaulter in his credit (loan) repayment, then there are possibilities of you being denied a loan.

• The core sectors growth slips to 4% in September. The six core sectors include cement, coal, steel, electricity, crude oil and petroleum refinery products.

• Investors in the recent bull market are falling prey to shady web-sites offering stock tips. The recommendations on these web-sites are seldom backed by any research. Such web-sites have seen an increase of 75% in their subscriber base.

• RBI in its monetary policy proposed to set a provision for Non Performing Assets (NPAs) at 70%. This brought the BSE Banking Index down by 4% and contributed to the fall of 2.31% in the BSE Sensex on Tuesday - October 27, 2009. Banks will have to set aside a bigger slice of their earnings for non-performing loans, even if the borrower may not eventually default.

• The proposed launch of Floating rate bonds by RBI will eliminate the interest rate risk for investors. The risk of reinvesting interest payments will also be eliminated by the introduction of STRIPS (Separate Trading of Registered Interest and Principal Securities).

• The corporate issuance of Non Convertible Debentures (NCD) with a maturity of less than 1 year, are currently unregulated. To cover this regulatory gap, RBI will draft guidelines on the same which will be on its web-site by November end.

• The exchange traded currency derivatives which were recently launched, have caught the imagination of investors, given the rupee-dollar volatility.

• After SEBI banning the entry load on mutual funds, Asset Management Companies (AMCs) have seen a drop in the mobilization of the Assets Under Management (AUM). This has now resulted in AMCs redrawing their business plans around PMS.

• The US economy expanded for the first time since mid -2008, growing at 3.5% in the three months ended in September 2009. Early days, but the impact can be seen in India.

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