Newsmakers: Windows 10 upgrade, Moody's on growth and more

BNP Paribas to buy Sharekhan
BNP Paribas has agreed to buy brokerage Sharekhan for an undisclosed sum as France's biggest bank looks to beef up its retail broking operations in India, taking advantage of a surge in retail investments into stocks. "Sharekhan will serve as a platform for the Group's strategy in India to offer a comprehensive range of products," Joris Dierckx, country head of BNP Paribas, said in a statement.

Reliance Jio to raise debt
Ahead of launching commercial operations of 4G services, Reliance Jio Infocomm , the telecom arm of Reliance Industries, plans to raise Rs 3,500 crore debt to fund roll-out expenses. In May, the company had raised $750 million or about Rs 4,500 from Korea Trade Insurance Corporation to buy telecom equipments from Samsung Electronics and Ace Technologies.

Key to Windows 10 upgrade
Microsoft, which launched Windows 10 on Wednesday, is giving out the upgrade to its latest operating system for free. There are two ways you can get it - by registering on the Windows 10 app or jumping the line and getting it from Windows 10 download page. 

RBI unlikely to cut rates before October: Poll
The Reserve Bank of India (RBI) is unlikely to loosen policy before October, particularly with retail inflation at an eight-month high after food prices spiked, a Reuters poll of economists found. All but four of 51 forecasters polled expect the RBI to hold its key repo rate at 7.25 per cent on August 4. It has already cut the rate three times this year to loosen credit and boost slowing growth in Asia's third-largest economy.

Moody's asks govt to deliver on growth front
Raising a red flag over "empty promises" of the Modi government, global firm Moody's said on Thursday delay in key reforms is denting business confidence and the foreign investors are wary of investing in India. While pegging India's true growth potential at near 10 per cent, Moody's also warned that "GDP growth is not likely to rise above 7.5 per cent if the government continues to over-promise and not deliver".