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The Baseline
06 Jul 2016
Wednesday Morning Brief: Mood downbeat in global markets as oil falls 5%, Moody says risk for 7.5% India GDP target, 4G expansion slow


US markets are downbeat as oil falls 5% on sentiment towards global growth. US today has more untapped oil than Saudi Arabia, a significant shift in global oil supply CNN Money
The ratings agency Moody points out global slowdown and weak credit as downsides for India's 7.5% GDP growth target. Lending capacity of India's public banks will be impaired due to asset issues, it pointed out. ET
Adoption of 4G services in India is much lower than expected. One year after the launch of 4G by Bharti Airtel, there are just 6.5 million users across the country. BS
Smriti Irani is no longer HRD minister post Cabinet rejig - she's moved from 'textbooks to textiles', as UP Minister Javedkar gets her portfolio. IE
Photo of the Day: A ice crystal cave near Lake Baikal in Siberia. The lake is covered in ice from May to November. NatGeo
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