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19 Jun 2013

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private lender ICICI Bank today raised yuan 650 million in an offshore Chinese debt marketThe bank raised the money by selling REG S bonds with a three-year tenor and got a final pricing of 4 per cent,Managing Director and head of debt capital markets at Standard Chartered Bank South Asia, Jujhar Singh, told PTI.India's largest private sector bank was successful in getting the coupon tightened to ...
Source : Newstodaynet | 1 Hour(s) AgoCategory : Business
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government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore (Rs 16.47 billion), while deferring Punj Lloyd's proposals for lack of security clearance."Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on May 10, 2013, the government has approved 16 proposals of Foreign Direct Investment (FDI) amounting to Rs 1,646.875 crore...
Source : Rediff | 3 Hour(s) AgoCategory : Business
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oftware industry body Nasscom expects the country's information technology (IT) services sector to grow 13-14 per cent in the current financial year and to touch $225 billion (Rs 13.22 lakh crore) by 2020.Speaking to reporters after addressing Nasscom's EmergeOut Conclave in Chennai, the industry body's president, Som Mittal, said the sector had been growing at a compound annual growth rate of 12-...
Source : Rediff | 3 Hour(s) AgoCategory : Business
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At 10.05 am, Sensex was down 89.09 points at 19134.19. Similarly, Nifty was down 24.65 points at 5788.95 during the same time.The 30-share barometer fell by 61.96 points, or 0.32 per cent, to 19,161.32. The index had lost 102.59 points in the previous session.Stocks of oil and gas, consumer durables, capital goods and banking sectors were major losers, pulling down the benchmark Sensex.The wide-ba...
Source : Business Today | 4 Hour(s) AgoCategory : Business
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Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down.Photo: Manuel Balce Cenetaspoke to Congress last month about the Federal Re...
Source : News Times | 4 Hour(s) AgoCategory : Business
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NEW News Corp has had an inglorious debut on the Australian share market, with its stock falling.The share price of the newly hived off publishing business was down nearly four per cent to $14.42 at 12.45pm AEST, after opening at $15 at noon today.The non-voting stock was down more than eight per cent to $14.80 after starting at $15.60.The shares have begun trading on the ASX on a deferred settlem...
Source : perthnow | 6 Hour(s) AgoCategory : Business
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Amid a weak trend overseas, gold prices fell 0.18 per cent to Rs 27,917 per 10 gm in futures trade today.At the Multi Commodity Exchange, gold for delivery in August eased by Rs 50, or 0.18 per cent, to Rs 27,917 per 10 gm in business turnover of 390 lots.Likewise, the metal for delivery in far-month October shed Rs 42, or 0.15 per cent, to Rs 28,090 per 10 gm in 16 lots. Analysts said a weak tren...
Source : Newstodaynet | 1 Hour(s) AgoCategory : Business
Expressing concerns over stagnant crop yields amid rising food demand, Agriculture MinisterSharad Pawar today favoured "aggressive" adoption of new farm technologies like genetic engineering (GM)."New technological tools, especially through genetic engineering, need to be employed more aggressively to buildtolerance to various abiotic and biotic stresses that inhibit crop yields," Pawar said at a ...
Source : Newstodaynet | 1 Hour(s) AgoCategory : Business
court has rejected a plea by the Delta Airlines to vacate the US Export-Import Bank'sAt the same time, the US Court of Appeals in Washington DC asked the Exim Bank to further explain its financingHowever, it chose to leave undisturbed the Bank's financing of the Air India transaction and did not questionThe decision comes following the appeal by the Delta Airlines, Inc and the Airline Pilots Assoc...
Source : Newstodaynet | 1 Hour(s) AgoCategory : Business
a bid to rev up sagging sales, Tata Motors today launched eight upgraded models of its different passenger vehicles, including the CNG version of its entry-level small car Nano.The company has also introduced new CNG versions of the hatchback Indica and entry level sedan Indigo along with refreshed versions of the two models in diesel options.Also, the company introduced refreshed models of its sp...
Source : Newstodaynet | 1 Hour(s) AgoCategory : Business
Spanish group CIE Automotive's entities have made open offers worth over Rs 207 crore to theshareholders of Mahindra Forgings and Mahindra Composites, as part of its deal with conglomerate Mahindra Mahindra.The open offers for acquiring 26 per cent stake each in Mahindra Forgings and Mahindra Composites have been made by Participaciones Internacionales Autometal Dos, S.L. along withThe three enti...
Source : Newstodaynet | 1 Hour(s) AgoCategory : Business
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economic logic for foreign funds to invest in domestic debt instruments is withering away as yield differentials are narrowing fast, owing to a steep fall in the rupee, a senior SBI official said yesterday.The official also said looking at the real interest rate and the macro fundamentals of the economy, the rupee has to depreciate by 5 per cent every year. The rupee fall is primarily due to (US F...
Source : Newstodaynet | 1 Hour(s) AgoCategory : Business
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