New Delhi: Overseas investors, which have been trimming their holdings in Kingfisher Airlines in the past three quarters, have increased their stake marginally in the cash-strapped carrier during the March quarter, according to data available with bourses. An analysis of shareholding patterns of airlines showed that Foreign Institutional Investors (FIIs) have increased their stakes both in Kingfisher and Jet Airways in three months ended March 2012. However, the shareholding pattern...
03:38 PM, Apr 26, 2012
Mumbai: As India is eagerly waiting for the Finance Minister to present the Budget speech, global market experts are not too hopeful of it. Adrian Mowat, JP Morgan is worried that FIIs have written off the government's action and are not expecting anything out of politics that is positive. They have already factored in an environment in which it is extremely difficult to pass on legislation. Jim Walker, MD, Asianomics...
08:08 AM, Mar 16, 2012
Mumbai: A high base or floor price may have played spoilsport in the government's ambitious ONGC stake sale which fell woefully short of the over Rs 12,400-crore target, market experts said on Thursday. High-profile foreign investors apparently stayed away from the auction wherein there were bids for only two-third of the 42.7 crore shares on offer. "Government cannot bully FIIs," a top analyst said on the Rs 290 per share...
08:23 PM, Mar 01, 2012
The Nuclear Power Corporation of India Limited (NPCIL), when it buys reactor components, settles bills partly in dollars and partly in rupees. These days it has been trying to convince component suppliers like Areva to take the payment entirely in rupees. This is largely to cut out the rupee depreciation and volatility risk. The component suppliers aren't in a mood to oblige. They don't want the foreign exchange volatility risk...
12:15 PM, Jan 24, 2012
Mumbai: The rupee jumped 21 paise to a two-and-a-half month high of Rs 50.10/11 against the US dollar on the back of sustained capital inflows and weakness in the American currency overseas. At the Interbank Foreign Exchange (Forex) market, the rupee opened stronger at 50.30/31 a dollar and immediately hit a low of 50.40 on investor caution in stock markets and month-end dollar demand from importers, mainly oil refiners. However,...
06:46 PM, Jan 23, 2012
New Delhi: Global agency Moody's on Wednesday upgraded the credit rating of Indian government's bonds from speculative to investment grade, a move that could encourage FIIs to increase their exposure in gilts and help companies raise funds from abroad at competitive rates. "Moody's has upgraded the rating on long-term government bonds denominated in domestic currency from Ba1 to Baa3 (from speculative to investment grade)," said a Finance Ministry release. Giving...
04:23 PM, Dec 21, 2011
New Delhi: A sharp fall in rupee value, which is already rubbing salt on the foreign investors' injury in the Indian stock market, may create further troubles for their entry into the newer segments such as currency trading. The market has fallen by over 25 per cent since the start of 2011, but the losses for overseas investors has been much higher at more than 36 per cent due to...
10:54 AM, Dec 18, 2011
The rupee skidded to an all-time low on Tuesday as oil refiners and other companies scrambled to buy dollars. ...
01:50 PM, Nov 22, 2011
New Delhi: With the rupee falling to a lifetime low, Finance Minister Pranab Mukherjee on Tuesday said RBI intervention in the forex market will not arrest the slide as FIIs' pullout and global reasons were behind the depreciation. "RBI intervention (in the forex market) will not help," he told reporters here. The minister said the Indian currency was depreciating because of the withdrawal of foreign institutional investors (FIIs) from the...
12:57 PM, Nov 22, 2011
Washington: Finance Minister Pranab Mukherjee on Wednesday said the economy will grow by around 8.5 per cent in the current fiscal despite the conscious decision of the Reserve Bank to sacrifice growth to contain inflation. "I am still holding the projection which I had that is 8.5 per cent plus... We shall have to wait for some time. But it would not be less than 8 per cent plus," he...
10:44 AM, Jun 29, 2011
Washington: Finance Minister Pranab Mukherjee on Monday said inflation poses a major challenge to the Indian economy and projected that the rate of inflation is going to be more than 6.5 per cent this year. "There are problems (with the Indian economy) and one of the major problems is inflation," Mukherjee said, addressing a meeting of India and American corporate leaders, think-tank members and policymakers at a conference on the...
11:31 AM, Jun 28, 2011
This week on Citizen Journalist show, watch a father's search for his missing son and irregularities at Ghaziabad post office. ...
02:32 PM, Apr 29, 2011
New Delhi: Terming the Budget 2011-2012 as "progressive" and "balanced", stock market experts said it had positive surprises like encouraging FII inflow, a roadmap for reforms and checking fiscal deficit, all of which have perked up investor mood. The Bombay Stock Exchange benchmark Sensex, which had plummeted by 13.69 per cent in the year so far, saw an impressive rebound minutes into the Budget presentation. Intra-day, the key index zoomed...
03:43 PM, Feb 28, 2011
New Delhi: Attributing the fall in stock markets in the past few days to selling by FIIs, Finance Minister Pranab Mukherjee on Wednesday asserted that the fundamentals are strong and the economy will clock 8.5 per cent growth in the current financial year. The volatility in stock market has been on account of "continued selling by FIIs," he said, adding the Indian economy has "strong fundamentals". "While the stock market...
05:55 PM, Feb 02, 2011
The officer was verifying details of a reported infiltration bid from Pakistan. ...
11:32 AM, Nov 16, 2009
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
