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FROM REUTERS : Pepsico In Bid To Acquire Vita Coco Owner: Sources I.T. MINISTER : To Meet I.T. Cos CEOs In First Week Of June: Reports : To Discuss Job Losses Issue With I.T. Cos CEOs NEWSFLASH : Bill Seeking H1B Limits Exemption For Foreigners With U.S. PhD Introduced ARCELORMITTAL : Wins Bid To Buy Italy's Ilva Steel Plant For Approx $2.24 bn: Reuters ARCELORMITTAL : Wins Bid Along With Steel Processor Marcegaglia: Reuters

Have Poor Fin, Macro Eco Policy In India: Ajay Shah

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August 16: On Wednesday, RBI announced capital controls but has been unable to arrest the rupee’s slide. Meanwhile, its currency measures have led to collateral damage across markets, especially the banking sector. Continued outflows are attributed to both Indian economic concerns and the timing of US Fed’s quantitative easing tapering. Bloomberg TV India speaks to NIPFP Senior Fellow Ajay Shah on the validity of RBI’s new moves.