Investing News - Page 25
Asia PE funds decouple from Western markets
The greatest threat to private equity investing in the region came from the wall of capital entering Asia looking for opportunities, which could pressure returns in coming years, the survey showed.
Govt puts off LPG meet, but price hike looks real
The expert panel has proposed that every household should get only 4-6 LPG cylinders at subsidised prices and pay the market price of about Rs 710 for every additional cylinder.<br /><br /> <br /><br />
Infra spend: India's $500-bn goal looks too ambitious
Over the next five years ending March 2017, Asia's third-largest economy plans to invest $1 trillion in building infrastructure including power, ports, roads and railways.<br /><br /> <br /><br />
Rupee likely to rise after an 8-day fall
All eyes are on Friday's monetary policy review of the Reserve Bank of India which will give direction to local shares and in turn the rupee.
BNP Paribas plans $96 bn asset sale to ease investor fears
French banks are fighting to restore confidence after suffering a sharp summer sell-off on the stock market, driven by concerns they are too dependent on wholesale market funding and would be ill equipped to cope with the fallout from a Greek debt default.
Real estate in sick bay, PEs maintain a safe distance
PE players had pumped in $1,041 million into the realty sector during the April-August period of the previous fiscal, as per the data. This is in comparison to $831 million in the first five months of the current fiscal. <br /><br /> <br /><br />
Biocon to list services unit in 18 months
Mazumdar-Shaw also said Biocon is focusing on posting $1 billion in revenue in three to five years, helped by growth in its insulin business.
Govt relaxes FII rules in long-term infra bonds
Foreign institutional investors (FIIs) can now buy upto $5 billion in long-term infra bonds which have an initial maturity of five years or more at the time of issue with a residual maturity of one year at the time of first purchase by such investors, with a lock-in period of one year.
Gold extends losses but weaker rupee limits downside
India is the biggest consumer of bullion followed by China. Wedding and festival demand is expected to gain pace and peak in October and November before tapering off in December
Rupee hits 14-month low on Europe debt woes
World shares fell close to 1.5 percent on Monday with European equities tumbling more than 2 percent as investors worried that Greece would default amid signs of disagreement among eurozone policymakers.
Jewelers, consumers seek alternative to gold
High prices have practically squeezed gold out of the low and medium-priced segments of western jewellery markets, with other metals or alternative gadgets replacing it as small gifts worth 100-300 euros.
Top German ECB official quits over bond-buying row
A top German official at the European Central Bank resigned unexpectedly on Friday in conflict with the bank's policy of buying government bonds to combat the euro zone's debt crisis.
Gold recovers from lowest level, gains 2 percent
India gold futures extended gains by more than 2 percent on Friday following a rise in overseas markets, and a weaker rupee back home, dealers said.
Will Asia's inflation go back to comfort levels?
The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.
Shaky rupee loses ground further, hurtles to 1-year low
Euro's losses and strong demand for dollar hastened the fall. Choppy local shares and mixed Asian currencies were of little help.
StanChart expects pre-tax profit to rise 10 percent
Net interest margins were also expected to rise from 2010 levels, it said in a filing to the Hong Kong bourse, adding that its headcount was now about 2,000 higher than at the end of 2010.
Ashok Leyland bucks trend, shares up 3% on robust sales
The company reported a 53.36 percent jump in commercial vehicle sales to 7,878 units in November.
Bank of India gains after picking up 51% stake in Bharti Axa MF
The stock hit a high of Rs 349.50 and a low of Rs 341.05 during the day. It had hit a 52-week low of Rs 290.25 on 26 August 2011
DLF up 1% after receiving Rs 200 cr from IDFC
The amount is received as part of a process for IDFC to acquire 100% stake in the joint venture company which has been received by the joint venture partners including DHDL.
Ranbaxy gains over 11%; surge in sync with bullish market
Stock surged after the drug major launched its generic version of blockbuster cholesterol-lowering drug Lipitor in the US.
Jet eyes up to $300 million from plane sale, lease back
Jet Airways plans to sell and lease back aircraft it owns, to raise up to $300 million over the next six months.
Suzlon to save 200m euro by sourcing more from India, China
Wind turbine maker Suzlon expects to save 200 million euros in its overall cost by next fiscal.
RBI will intervene in rupee spiral, but will retain reserves
The Reserve Bank of India (RBI) will intervene to smooth sharp movements in the rupee, but will balance this with the need to retain reserves in the event of prolonged turbulence, its deputy head said today.
Fundamentals strong, market crash due to FII pull out: FM
The government today asserted that India's growth and fundamentals are strong and attributed the bloodbath in the stock markets to global factors.
Siemens falls to 1 year low on poor Q4 results
The company's stock, which opened on a sluggish note, lost 5.21 percent to witness a 52-week low of Rs 664 on the BSE in early trade.
Force Motors to invest Rs 1,000 cr on new models
On Tuesday the company said it will "almost exit" its JV with MAN Truck & Bus AG by selling 5.58 lakh shares to its German partner for over Rs 1,050 crore.
Blackstone to invest $500-720 mn in India
The firm expects to do five or six deals a year in India of roughly $100 million to $120 million each
Mahindra Satyam net rises 10-fold in Q2 to Rs 238 cr
IT firm Mahindra Satyam today posted a 10-fold growth in profit-after-tax to Rs 238 crore for the second quarter of the 2011-12 financial year.
Reliance's KG-D6 fields: CBI to study international norms in oil exploration
The agency has sought the assistance of the ministry to understand the arguments offered by Mukesh Ambani's firm when it raised the cost of developing Dhirubhai 1 and 3 gas fields in the KG-D6 block.
US closes two more banks, 87 so far in 2011
US regulators closed two more banks on Friday , one in Utah and another in Nebraska, bringing the total number this year to 87.