Investing News - Page 3

RBI tightens hedging norms for FIIs

FII must have a mandate from the P-Note or Offshore Derivative Instrument holder for the purpose (of hedging), RBI said in a notification.<br /><br />

Sesa Goa to invest $400 mn in Liberian mine

Sesa Goa, which had acquired Liberia's Western Clusters project for about $123.5 million (about Rs 595 crore), has divided the project into several phases.

Sebi to auction Rs 23,000 cr worth govt bonds for FIIs

Indian debt markets had witnessed robust interest from FIIs last year as well, when their net investments stood at close to Rs 35,000 crore.

Godrej Properties complies to Sebi, submits details on Rs 700 cr rights issue

In rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.

First half of 2013 sees MFs invest Rs 2.92 lakh cr in debt market

At the end of May, there were a total of 1,294 schemes under mutual funds.<br /><br />

JSW seeks shareholders' nod to raise borrowing limit by 60%

JSW intends to jack up capacity of 10 mtpa Vijayanagar plant in Karanataka by an additional 2 mtpa.

Barclays sees gold struggling in 2014

"Slower-than-expected tapering, weaker equity markets and a softer dollar could help to revive gold in the short term," the bank said.<br /><br />

Holding the 56.11 support level is crucial for the rupee

The rupee's weakness despite zero interest rates in the US is worrying. What is the US Fed stops printing money and the dollar strengthens further?

RBI may soon launch CPI-linked bonds too

The Reserve Bank of India may switch the indexing of inflation-linked bonds to the consumer price index ( CPI) if this measure stabilise

Discount lockers: A special Deutsche Bank account for women

The product, named 'Eve Account', comes with benefits such as discounts on lockers, demat account and investment fees, etc, the German bank said in a statement.

L&T to raise Rs 100 crore in 10-year inflation-linked bonds

Larsen & Toubro is planning to raise Rs 100 crore in 10-year inflation-linked bonds at 1.65 percent over wholesale price inflation, a source with direct knowledge of the deal said.

LIC sells 2% stake in Dr Reddy's Lab

Life Insurance Corporation (LIC) sold 2.13 per cent stake in Dr Reddy's Laboratories from January 10 to May 10 through open market, according to a BSE filing by DRL.

Fitch's Indian arm to start credit rating infra debt funds

The Indian arm of global agency Fitch will assign credit ratings to IDF so as to help instill confidence among global investors and provide thrust to the infrastructure sector, the government said today.

Bank of India Q4 net profit drops 21% to Rs 757 crore

Public sector Bank of India today reported a 20.58 percent drop in net profit at Rs 756.57 crore for the fourth quarter ended March 31. The bank had a net profit of Rs 952.73 crore in the January-March quarter of 2012.

Dr Reddy's hits all-time high ahead of Jan-March earnings

Shares in Dr Reddy's Laboratories gained as much as 2.9 percent to an all-time high of Rs 2,152 on hopes the Indian drugmaker will beat earnings estimates for the March quarter by a wide margin, according to multiple dealers.

Shriram Transport Finance Q4 net rises 17% to Rs 383 cr

Non-banking finance company Shriram Transport Finance today reported a 16.63 per cent rise in consolidated net profit at Rs 383.46 crore for the fourth quarter ended March 31, 2013, driven by a sound rise in loan growth.

Starmine data predicts Glenmark profit may miss estimates

Glenmark Pharmaceuticals could miss January-March earnings consensus forecast, according to Thomson Reuters StarMine data.

Infosys up 1% on value buying

Shares in Infosys gained 1.2 percent on short covering in its May futures on Monday due to value buying in the cash market after April's underperformance, dealers say.

Divestment plan: Haldia Petrochemicals pins hopes on stake sale

Financially troubled Haldia Petrochemicals Ltd (HPL) is pinning hopes on West Bengal government's disinvestment move in the company for fresh infusion of funds

Suzlon to raise $400 mn by selling non-core assets

World's fifth largest wind turbine- maker Suzlon Energy is planning to raise up to $400 million by selling 15 of its non-core assets in a bid to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said.

Banks advised not to reject loans for renewable energy projects: govt

Citing RBI data, the minister said that banks' outstanding credit exposure to power sector stood at Rs 3,28,900 crore at the end of March 2012.

Nomura upgrades Fortis Healthcare to "buy"

Nomura upgraded Fortis Healthcare to "buy" from "neutral", but cut its target price to Rs 124 from Rs 170, citing recent underperformance and improvement in return ratios.

Govt clears ETF for public units to push disinvestment

The Cabinet on Thursday approved the setting up of a CPSE Exchange Traded Fund (ETF) which is expected to speed up disinvestment programme, check volatility in share price movement and encourage retail participation.

Banking stocks up ahead of RBI policy review on rate cut hopes

Lenders rose on Monday as investors bet on a rate cut in Friday's RBI rate review, with growing hopes of a chunkier 50 bps cut or a lowering of the cash reserve ratio.

Bharti Infratel Q4 net up over 34% at Rs 287 crore

Bharti Infratel, the tower arm of telecom major Bharti Airtel, today reported 34.11 per cent jump in net profit at Rs 287 crore for the fourth quarter ended March 31, 2013.

Jet Airways shares up 3% as founder firm plans share sale

Jet Airways shares rose as much as 2.59 percent a day after a founder group company of the carrier said it would sell a stake as part of public float rules.

MCX-SX to launch trading in futures and options from 15 May

Trading in F&O contracts would be available between 9.15 am and 5.30 pm, from Monday to Friday.<br /><br />

HUL falls 2% ahead of Q4 earnings

Shares in Hindustan Unilever , India's largest consumer goods maker, fell 1.6 percent ahead of the company's quarterly earnings later in the day.