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  Global Economy Looks Set for Faster, Firmer Growth  
  JAPAN, EURO AREA SHOW SIGNS of emerging from years-long slump; positive outlook seen as `Goldilocks' scenario for stock markets The world economy looks well on its way to a year of faster, firmer growth after rising at its most rapid pace in 2½ years in the second quarter. The expansion is broad based as long-time laggards Japan and the euro area perk up. The world economy looks well on its way to a year of faster, firmer growth after rising at its most rapid pace in 2½ years in the second quarter.  
 
  Root Out Graft to Build New India: PM  
  Use technology and innovation to transform governance, Modi tells young entrepreneurs Prime Minister Narendra Modi promised more steps to eradicate corruption and alleviate the common man's problems as he sought the help of young entrepreneurs to build a New India. Addressing more than 200 young entrepreneurs at the Champions Of Change event organised by Niti Aayog, he said there was an `app' for filling every gap and technology and innovation should be harnessed to transform governance.  
 
  'Champions of Change' Seek More Private Sector Involvement, PPP'  
  India's young entrepreneurs called for the greater involvement of the private sector and more public private partnerships (PPP) as part of suggestions to prepare a new policy template for the country. More than 200 of them pitched for leveraging the strength of non-state entities to develop India's soft power, improve education levels and help mitigate climate change.  
 
  These Stocks Have High FII Interest and Good Earnings Visibility,too  
  Over the past two years, foreign institutional investors (FIIs) have lagged behind domestic institutions in pumping money into the local market. However, that did not prevent FIIs from increasing stake in over half of BSE500 companies, 255 to be precise. The ET Intelligence Group identified five companies in this sample which have earnings visibility of 20-50% according to Bloomberg consensus estimates in current and the next fiscal. Longterm investors may find these companies worth investing.  
 
  Kochi Terminal Can Open Growth Valve for Petronet  
  LNG DEMAND from the terminal is growing and is expected to rise further with the GAIL pipeline coming on stream in 2018 Petronet LNG's stock has been range-bound over the past four months following expectations of moderation in imports of liquefied natural gas (LNG). This could change if the company reports better-than-expected growth, considering the improving capacity utilisation at its Kochi terminal and possibility of higher demand.  
 
  Motilal Multicap 35 Beats Peers in Returns  
  Timely calls for entry and exit, especially in midcap stocks, help fund stay ahead in category: Experts Motilal Oswal Most Focused Multicap 35 Fund, which returned 28% over three years and 32% over the last year, has emerged as the best performing fund in the multicap fund category. Launched in April 2014, just before the new government came to power, the fund manager followed a strategy of buying growth stocks using a bottomup stock picking approach. It is sector agnostic and has no bias for market capitalisation. The fund typically runs a concentrated portfolio of 20-22 stocks, with the top 10 accounting for 65-70% of the portfolio.