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Investing News - Page 24

SEBI prohibits incentives to lure investors to public debt issue

Some brokers/ distributors were passing on part of their brokerage or commission to the final investors for subscription to such public issue of debt, giving an unfair advantage to some investors.

IIFCL to launch $1 bn infra debt fund by Feb

India has targeted $1 trillion to overhaul the country's clogged roads, railways and ports over the five years to 2017.

Govt may give tax sops to IT firms

A spurt in tax rates due to expiry of the Software Technology Parks of India (STPI) scheme earlier this year has hurt margins and crimped profits at Indian IT firms.

Spanco surges 13% after BPO arm gets 5-yr tax holiday in Nigeria

Buoyed by the news, shares of the company opened on a robust note and jumped by 12.94 percent to an early high of Rs 74.15 on the BSE.

NBFC shares plummet on slump in gold prices

Gold today recorded its steepest fall in over two months and lost Rs 800 to Rs 28,140 per 10 grams, on frantic selling by stockists

S&P enters bear market, Greece fears sink Wall Street

Wall Street fell about 2 percent, extending the previous day's decline to 13-month lows as investors feared the crisis in Europe could throw the United States into a new recession.

Blue Dart plans Rs 150 cr capex, stock down

he company, part of DHL Group, has spent around Rs 300 crore over the past two years under its capex programme.

'RIL shares to outperform in a month due to short-term valuation'

Morgan Stanley also underpins the fact that the company's earnings are positively correlated with depreciation of the Indian rupee

Fortis slips 3% on valuation concerns over international biz

Analysts have expressed concerns of over valuation in the company's $665 million acquisition of promoters' international business

DB Realty gains after reappointing 2G accused founders

The Supreme Court had granted bail to both Vinod Goenka and Shahid Balwa charged in a telecom licencing scandal.

Central Bank of India sheds Rs 5,000 cr of high cost deposits

Central Bank of India has shed around Rs 5,000 crore of high cost deposits in the first half of the current fiscal to protect its net interest margin (NIM).

Cabinet approves mining bill; Coal India,Tata Steel tank

With the approval Coal India will be hit the most as it will have to share one fourth of its profit, which means lesser money for growth and dividends.

S&P, Fitch cut New Zealand rating, debt load a big pain

The rating agencies are expecting New Zealand's external position to deteriorate further, with the current account deficit rising again as markets are growing sensitive to debt.

Share Microfin gets Rs 1,200 cr debt restructuring deal

Share's total debt stands at Rs 1,900 crore, of which Rs 1,200 crore has been restructured and the remaining Rs 700 crore is held by lenders in the form of preferential shares with conversion rights.

Premium for gold bars rises to 1-year high in India

There is a sudden demand in the market as prices have fallen.

Gopalan thinks the divestment target is within reach

The inability of the government to go ahead with asset sales has raised doubts over its ability to meet the budgeted fiscal deficit target of 4.6 percent in the current year.

JSW announces massive production cut due to iron ore shortage

JSW Steel has gone for a massive production cut to 30 per cent of capacity at its Vijayanagar plant in Karnataka "due to abrupt stoppage of iron ore".

Bhel FPO only after market improves: Praful Patel

The issue was to hit the markets on 20 September but the markets started crashing from the middle of the month following the renewed credit crisis in the Eurozone economies.

Oil slips to seven-week low on eurozone crisis, recession fears

Oil fell to seven-week lows, around 2 percent down, on Monday. Brent futures for November fell $2.31 to a low of $101.66 a barrel, the lowest intra-day level for the front-month contract since 9 August.

Rupee options trading kicks off on Dubai exchange

DGCX is the only exchange outside India to offer trading in both futures and options in the Indian rupee.

Global policy makers focusing on preventing Greek default: Russia

Safeguarding the banking system seems the main worry at present, as international lenders have been increasingly losing patience with Athens consistently missing fiscal and reform targets.

Oil slides to 6-week low as recession fears grow

Oil markets have been gripped by external economic factors after weak Chinese industrial data and a bleak economic outlook from the US Federal Reserve sent traders into safer havens, triggering the biggest commodity sell-off since May.

Greek default talk gathers pace, G20 underwhelms

The International Monetary Fund reckons Europe's banks could need to recapitalise to the tune of 200 billion and many bank analysts are far gloomier than the Fund.

SBI signs up as Experian Credit Bureau member

Almost all the leading banks including SBI and financial institutions already subscribe to the credit data from other credit bureau called Cibil (Credit Information Bureau of India), the first such organisation in the country.

Silver tumbles by Rs 5,500, gold down to Rs 28,040

Selling pressure gathered momentum after gold headed for its worst weekly performance in more than four months in global markets as investors sold the metal, amid melting equities and other commodities, fearing the world economy might slow down.

Banks, NBFCs can sponsor infra debt funds:RBI

NBFCs should have minimum net-owned funds of Rs 300 crore and a capital adequacy ratio of 15 percent, the Reserve Bank of India said in a statement.

RBI wary of selling dollars on market volatility, deficit

India has reserves that are merely a tenth of the size of mighty neighbour China's. Because India runs a trade deficit, the reserves also comprise a pool of borrowed money that can dwindle quickly should foreigners pull short-term investments away from the country.

As with gold, miners bullish on silver prices