New Delhi: Global agency Moody's on Monday said it is reviewing rating of state-owned LIC for a possible downgrade over its huge exposure to government bonds. "Moody's has placed the insurance financial strength rating of Life Insurance Corporation of India (LIC) (Baa2/stable) under review for possible downgrade," Moody's Investors Service said in a statement. It said that the credit quality of financial institutions, with high levels of domestic sovereign debt...
02:30 AM, May 01, 2012
Mumbai: The Reserve Bank of India (RBI) on Tuesday said it will buy up to 120 billion rupees of government bonds via open market operations on Friday, including the 10-year paper which till recently was the benchmark paper. The central bank said it will buy 8.07 per cent 2017 bonds, the 7.80 per cent 2021 bonds, the 8.13 percent 2022 bonds and the 8.26 percent 2027 bond using multiple-price method....
11:26 PM, Jan 03, 2012
London: British Prime Minister David Cameron on Monday revived the idea of immigrants from India and other non-EU countries furnishing financial bonds before being allowed to come to Britain, a move that has been promptly opposed. In a major speech setting out how his government intended to curb immigration, he said that officials had been asked to consider making financial bonds compulsory for British citizens seeking to bring spouses or...
09:19 PM, Oct 10, 2011
Washington: The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. A small majority of economists, 30 out of 53 surveyed over the past two days said the United States will lose its AAA credit rating from one of the three big ratings agencies Standard...
02:40 AM, Jul 28, 2011
Dubai: A five-year-old Indian boy has become a millionaire overnight after winning a lottery at a national bond draw in Dubai. Ebrahim Fahimuddin Shaikh became the second millionaire in 2011 when the February draw of National Bonds Corporation picked his name. Ebrahim's father received the life changing call on Saturday. "At first, I thought it was a prank call so I carried along with the call, shortly after it struck...
11:30 AM, Mar 22, 2011
A double-digit inflation is eating away most of your hard-earned money. ...
10:00 AM, Feb 09, 2011
Mumbai: Indian equities snapped a six-day losing streak on Wednesday led by sharp pullback as markets looked oversold in previous sessions with the loss of around 1350 points on the Sensex. The Nifty added more than 100 points on heavy volumes; volume largely supported by F&O segment. Disappointing industrial output data dragged the Sensex down over 100 points but the same news shrugged off by markets in second half of...
04:05 PM, Jan 12, 2011
Time was when the initial public offering of Infosys Technologies struggled to find investors and the lead managers had to underwrite the issue. And what a killing they made! The equity stake they picked up was worth more than 11 times in just seven years despite the dotcom meltdown. This legend has driven countless investors to try and score the 'next' Infosys so that they can retire to a mansion...
10:45 AM, Jan 06, 2011
RBI has cut its interest rate by a total of 3.5 percentage points to 5.5 per cent. ...
10:36 AM, Feb 05, 2009
FD rates vary as per the interest rates in the economy. ...
10:55 AM, Nov 24, 2008
Investors are wary of the poor state of municipal finances. ...
02:54 AM, Nov 11, 2008
Bangalore: Pune Warriors India's opener Robin Uthappa felt that the hurricane innings of 81 by the Royal Challengers Bangalore opener Chris Gayle set up the game for AB de Villiers and Saurabh Tiwary to finish it off on the last ball of the Indian Premier League match on Tuesday. Chasing a target of 183 for victory, Gayle came up with some phenomenal hitting, followed by brilliant batting at the rear...
03:46 PM, May 13, 2008
Kochi: Opener Eoin Morgan's half century went in-vain as Kochi Tuskers Kerala produced a clinical bowling display to beat Kolkata Knight Riders by 17 runs in an Indian Premier League match here on Thursday. KKR paid the price for a poor final over bowled by Brett Lee that cost them 22 runs with Man of the match Brad Hodge (35 not out, 3x4, 2x6) hitting a couple of sixes and...
12:11 PM, Jan 22, 2008
State government's indemnity bonds has upset one lakh societies. ...
08:27 PM, Jun 05, 2007
The Foreign Currency Convertible Bonds due for 2012 have been issued, Sterling Biotech informed the BSE. ...
09:37 PM, May 17, 2007
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