With a whiff of global recovery in the air and central bank liquidity abundant, investors in 2013 are packing their bags for China, fellow 'BRICs' Brazil and Russia, long-dormant Japan and even some Mediterranean sun. ...
02:51 PM, Dec 21, 2012
The Reserve Bank of India (RBI) is contemplating to allow foreign institutional investors (FIIs) in currency futures market, Deputy Governor HR Khan said on Wednesday. "We are thinking whether FIIs can participate in currency futures," Khan said while speaking at a seminar on capital markets organised by industry body CII in Mumbai. ...
09:45 PM, Dec 12, 2012
Three persons have been arrested for allegedly duping hundreds of investors of over Rs 50 crore in Delhi and Mumbai on the pretext of providing them call centre franchise, police said on Friday. Sandeep Shukla, a resident of Azamgarh district of Uttar Pradesh, his brother Manoj Shukla and friend Surendra Batho were arrested following a complaint by a woman who had invested around Rs 20 lakh in their companies for...
09:05 PM, Dec 07, 2012
The Supreme Court (SC) on Wednesday gave the Sahara Group more time in the refund case and asked the company to refund Rs 24,000 crore to its investors by February, 2013. ...
12:46 PM, Dec 05, 2012
San Francisco: Shares of Facebook Inc jumped as much as 11.2 per cent on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company's disappointing debut in May. Facebook shares were up 8.8 per cent at $21.60 in heavy mid-day trading on the Nasdaq, off an earlier high at $22.09. "While the lockup is expiring, there...
02:44 AM, Nov 15, 2012
Kolkata: Former West Bengal chief minister Buddhadeb Bhattacharjee on Sunday accused the Mamata Banerjee-led government of driving away investors which was jeopardising the economy of the state. "Her (Mamata) government says it would not give land for industry. Because of its faulty policies the industrial environment in the state has become unproductive and the investors are leaving the state," said Bhattacharjee, a Communist Party of India-Marxist (CPI-M) politburo member. "First...
01:48 AM, Nov 12, 2012
New Delhi: Following the relaxation of FDI norms in retail, India is expected to see an investment of over Rs 40,000 crore in multi-brand segment and the organised market is likely to grow to Rs 4,80,000 crore by 2016-17, a report said. According to a joint report by industry chamber Assocham and private sector lender Yes Bank, major foreign players are now expected to create positive atmosphere for farmers, suppliers,...
02:10 AM, Oct 21, 2012
Mumbai: Ratan Tata is not easing gently towards retirement. Two months before he relinquishes the reins at India's largest business house, the Tata Group's Indian Hotels Co Ltd has made an unsolicited and unexpected $1.2 billion bid for luxury hotel group Orient-Express Hotels Ltd. The offer, priced at a 40 per cent premium, may prove the final bold move for Tata, who has built the software-to-steel conglomerate into the country's...
01:31 AM, Oct 20, 2012
New Delhi: The Sahara Group on Friday moved the Supreme Court seeking review of its August 31 order to refund Rs 24,000 crore to investors. In a major setback to the Sahara Group, the Supreme Court had directed the business conglomerate to deposit over Rs 24,000 crore that it had collected through OFCD (optionally fully convertible debentures) with PSU banks. The court granted the group's two companies - Sahara India...
05:08 PM, Oct 05, 2012
New Delhi: The Congress on Monday took exception to the BJP cautioning foreign investors about possible change of governments in states after the UPA allowed FDI in multi-brand retail and said the opposition party should not "threaten" overseas investors. Congress spokesperson Manish Tewari said the language used by the Bharatiya Janata Party showed its "dictatorial mindset". "The BJP may have ideological or opportunistic differences with the government on economic reforms...
01:48 AM, Sep 25, 2012
London: India's recent push for big ticket reforms has cast a shadow on the ongoing World Retail Congress meeting in London. Foreign retailers seem to be cautious about the announcement on many counts. Bijou Kurien, President and Chief Executive, Lifestyle, Reliance Retail Ltd, said, "The first is that they are all awaiting clarifications as far as the policy is concerned. The second is that they know that this is not...
10:37 AM, Sep 21, 2012
New York: The US government's debt rating could be heading for the "fiscal cliff" along with the federal budget. Moody's Investors Service on Tuesday said it would likely cut its "Aaa" rating on US government debt, probably by one notch, if budget negotiations fail. If Congress and the White House don't reach a budget deal, about $1.2 trillion in spending cuts and tax increases will automatically kick in starting January...
08:16 AM, Sep 12, 2012
New Delhi: Market regulator Sebi is planning to soon offer its investor website in as many as 13 Indian languages, besides the existing one in English, to spread awareness among investors and to help resolve their grievances. While a decision to this effect was taken long ago by Sebi's board, along with plans to offer investor helpline services in 13 Indian languages along with in English, the Securities and Exchange...
03:58 PM, Sep 02, 2012
On Friday, the Supreme Court ruled that SEBI has jurisdiction over the OFCDs issued by 2 unlisted Sahara Group companies, raising almost Rs 24,000 crore. The apex court ordered the Sahara companies to refund the outstanding Rs. 24,000 crore. The refund process is to be handled by SEBI and will be monitored by retired Justice Agarwal. Sahara has maintained that the sale of OFCDs was done via a private placement...
12:40 PM, Sep 01, 2012
New Delhi: With an aim to encourage an investment culture in the country, market regulator Sebi on Monday announced no-frills or basic trading accounts for retail individual investors with no charges applicable for holdings up to Rs 50,000. The investors can hold securities worth up to Rs two lakh in these no-frills accounts, to be called Basic Services Demat Account (BSDA), but the charges would be capped at a maximum...
07:53 PM, Aug 27, 2012
Menlo Park: Facebook's early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honoured process for public companies, which will culminate in the fall, when many Facebook employees receive the same right to sell their shares. It's conceivable none of them will sell. But if they do, up to 1.91 billion more...
12:05 AM, Aug 15, 2012
Berlin: Moody's has revised credit outlook of Germany to negative, raising the possibility of the economic major losing its coveted 'AAA' rating amid worsening European debt turmoil. Germany becomes the latest European economic power house this year after France to see its credit outlook being downgraded by the global credit rating agency. The credit rating outlook of Germany, Luxembourg and the Netherlands have been lowered to negative, Moody's Investors Service...
05:42 PM, Jul 24, 2012
Bangalore: Many companies are sounding the alarm on the poor state of infrastructure in Bangalore. This at a time when the IT city is getting ready to host Global Investors Meet 2012. Many are worried that open sewers could further dent India's image in the eyes of the world. The Global Investors Meet is inappropriate when city has lost its global appeal. Bangalore's angst-ridden corporate citizens like Kiran Mazumdar Shaw...
09:39 AM, Jun 06, 2012
Moody's Investors Service says the depreciating rupee will only have a "limited" impact on India's sovereign ratings, as only 7 per cent of total government debt is placed overseas, comprising 5 pct of gross domestic product. The bigger pain would come in the private sector, Moody's said in a weekly credit report out on Monday, given that a falling rupee will raise the cost of paying back foreign currency borrowings....
03:04 AM, May 29, 2012
Cairo: The two apparent survivors in Egypt's presidential race tried to gather support on Sunday from voters dismayed at what many see as a painful second-round choice between an Islamist apparatchik and a throwback to Hosni Mubarak's era. Both men are seeking to soften those images, lay claim to the mantle of the "revolution" that toppled Mubarak 15 months ago, and appeal to the many Egyptians who picked more centrist...
03:23 AM, May 28, 2012
