Investing News - Page 2
Cabinet clears conversion of preference shares to equity in three banks
This will apply to three banks - Indian Bank, UCO Bank and Vijaya Bank, Finance Minister P Chidambaram said after the cabinet meeting in New Delhi.
EPFO decision on hiring new fund managers in Jan
The consultant would also evaluate the performance of new fund managers and appoint a custodian and concurrent auditor for the EPFO.
Allahabad Bank gets shareholders nod for QIP
At an extra-ordinary general meeting of the bank held in Kolkata on Tuesday, the shareholders approved the preferential issue of Rs 400 crore to government against capital infusion.
EuroPacific Growth Fund raises Power Grid stake to over 5%
At the end of September quarter, EuroPacific Growth Fund had 3.91 percent stake in the company.
Govt infuses Rs 200 cr capital in Andhra Bank
The government holds 58 percent, while FIIs, DIIs and others hold 11.19 percent, 11.78 percent and 19.03 percent, respectively, as on 30 September.
Pollution embargo causes Rs 50K cr loss to West Bengal: minister
Chatterjee claimed that the state government has been able to reduce project clearance to 45 days from three months and a year previously.
NTPC, Germany's KfW ink pact for 55 mn loan agreement
The facility has a door-to-door maturity of 12 years, including availability period of four years.
NTPC shares rebound, rise over 2% on value-buying
CERC has issued draft regulations for tariff determination during FY15-19 applicable for government companies.
India exported 12 lakh tonnes of sugar in 2012-13: Thomas
Thomas said the decision to allow free exports of sugar was taken keeping in view the stock position and domestic demand.
Weak investment hurts local power gear makers: Patel
The heavy industries and public enterprises minister informed the Lok Sabha said that a combination of factors are affecting domestic power equipment companies.
FDI inflow declines 38% to $2.91 bn in September
Decline in FDI in sectors like services, telecom and metallurgical industries have lowered the inflows.
Govt to launch inflation indexed securities in December
Early redemption will be allowed after one year from date of issue for senior citizens and three years for all others.
NSEL defaults in payments for 15th straight time
With today's pay-out, NSEL has so far settled about Rs 235 crore against Rs 5,600 crore dues to 13,000 investors.
RBI to sell Rs 1,000 cr inflation indexed bonds on 26 Nov
The RBI would allot up to 20 percent of the notified amount of the bonds to eligible individuals and institutions as per the scheme for non-competitive bidding facility.
NHPC's Rs 2,368 cr share buyback to begin from 29 Nov
The company got listed on bourses in 2009 after the government divested 5 percent stake. It has also issued 10 percent fresh equity.
Sebi to increase headcount, finalises 75 applicants
The job call for 75 officers, who would be offered an annual pay package of about Rs 11 lakh, generated huge demand.
US tech city Fremont explores India for trade
As the fourth largest city in the San Francisco Bay area, Fremont's Silicon Valley location is the ideal setting for business, especially in the technology domain.
Union Bank of India revises fixed deposit rate up to 1.25%
Bank has reduced the interest rate on deposit for five to seven years maturity by 0.25 percent.
Unlisted firms can directly raise funds abroad: RBI
The government aims to bring down the CAD to below $60 billion this fiscal, as against $88.2 billion in the last financial year.
NHPC to buy back govt shares, exchequer may get Rs 2,000 cr
The board of NHPC has given its go-ahead for the buyback of over 123 crore shares on a proportionate basis from shareholders, the official added.
NHPC issues bond to raise upto Rs 1,000 cr
<br /><br /> AK Capital Services and Axis Capital are the lead managers while Karvy Computershare is the registrar to the issue.
Sebi seeks to re-define its vision, mission via Project Shikhar
Sebi is considering a 'triple-A approach' of spreading awareness among investors, promoting appropriate products and ensuring proper audit of the marketplace.
Sebi introduces paternity, child care leave for staff
The market regulator has taken various initiatives like entitlements of lodging and halting allowance for staff members transferred at the Sebi's instance.
Sebi imposes restrictions on Haryana Financial Corp
Sebi said the curbs will continue until the company complies with the minimum public shareholding norm, which it has been asked to meet "at the earliest".
EPFO may allow higher interest than 8.5%
EPFO had paid 8.5 percent interest rate to subscribers in 2012-13, which was higher than 8.25 provided in the 2011-12 fiscal.
Mutual funds pull out Rs 2,800 cr from stocks in Sept
The 30-share benchmark S&P BSE Sensex surged 760 points, or 4 percent, last month, closing at 19,379.77 points on 30 September.
FMC may allow trading in agricultural commodities during late evening
India is considering late-evening trading in commodities such as sugar and soybeans to increase market participation, Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), told reporters on Sunday.
Sebi go ahead for Advanced Enzyme, Intas Pharmaceuticals IPOs
Advanced Enzyme and Intas Pharmaceuticals had filed their draft red herring prospectus with Sebi in March and June respectively for the proposed public offer.
Power ministry to float cabinet note on NHPC share buyback
According to a power ministry official, the cabinet note on NHPC share buyback is ready and will be circulated soon.