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
New Delhi: India has deferred by a year the rollout of measures to crack down on tax evasion, which had sparked an outcry among foreign investors, but has yet to provide clear guidelines on the proposals. Here are some quick facts that pertain to markets about the proposed changes and clarifications on GAAR announced by Finance Minister Pranab Mukherjee on Monday. *The General Anti Avoidance Rule, or GAAR, was proposed...
09:45 AM, May 09, 2012
New Delhi: The Finance Bill will be discussed in Parliament on Monday as the investors are hoping to get some clarity on the General Anti-Avoidance Rule, which is expected to pull the market out of its three-month dip. Parliament is likely to vote on the bill over the next two days. After days of what traders said was intervention to defend the rupee, the Reserve Bank of India late on...
06:24 AM, May 07, 2012
New Delhi: Whatever its intentions in cracking down on abuse of tax havens, India has alienated overseas investors with the timing and communication of its measures when it can ill afford to do so. India's move to target tax evaders through a general anti-avoidance rule (GAAR), along with a plan to retroactively tax the indirect transfer of assets, has spooked investors and added to an exodus of funds, battering the...
08:45 PM, May 06, 2012
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
Finance Minister Pranab Mukherjee has reassured US investors that proposed changes to India's tax law were meant to reduce uncertainty. ...
09:10 AM, Apr 21, 2012
New Delhi: The cabinet is unlikely to consider a proposal to allow foreign airlines to invest in domestic carriers before the end of May, a cabinet minister, who asked not to be named, told reporters. The ruling Congress party's biggest ally - Trinamool Congress - is opposing the proposal, the minister said, adding that the decision depended on the ally's consent. Indian airlines, facing a debt-load of $20 billion and...
06:11 PM, Apr 20, 2012
New Delhi: Finance Minister Pranab Mukherjee on Saturday asked capital markets regulator SEBI to diligently protect the interest of retail investors. "He (the Finance Minister) has directed us to be very careful towards protecting interest of small investors and also work towards market regulation and development," SEBI Chairman UK Sinha told after a board meeting. The meeting was chaired by Mukherjee. The board discussed the future agenda and expectations of...
12:48 AM, Mar 25, 2012
San Francisco: Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years. The world's most valuable company will start paying its first dividends since 1995 - a regular quarterly payout of $2.65 a share - in July, and buy back...
03:29 AM, Mar 20, 2012
New Delhi: The Corporate Affairs Minister has ordered an inquiry into its books following complaints from numerous investors against real estate major DLF. The senior officials of the ministry say they've received several complaints alleging that there are anomalies in the company's books. Sources says that SEBI has sent a reference to the Ministry in this regard. The Companies Act empowers the ministry to call and scrunitise a company's books....
06:32 AM, Mar 02, 2012
Mumbai: Swati Khandelwal of CNBC-TV18 struck up a conversation with SBI chairman, Pratip Chaudhari about the Kingfisher saga. Check out his comments. Below is the edited transcript of the interview. Q: You had a meeting with the Kingfisher management last week where SBI Caps did show their viability report. What's your response on the report and the concerns that you have raised on the same? A: It's very easy to...
09:12 AM, Feb 29, 2012
New York: Ratings agency Moody's Investor Service on Monday downgraded its credit ratings on Italy, Portugal and Spain, while France, Britain and Austria kept their top ratings but had their outlooks dropped to "negative" from "stable." Moody's also cut its ratings on the smaller nations of Slovakia, Slovenia and Malta. All nine countries are members of the European Union. The agency said it took the actions due to the uncertainty...
09:39 AM, Feb 14, 2012
New Delhi: Kingfisher Airlines is still in talks with a potential local investor to raise funds, its chairman Vijay Mallya said Friday, even as woes mounted for the cash strapped carrier with a major airport set to stop facilities on credit. "That's going on," Mallya said on Friday in televised comments, in response to a query on whether he was talking to a local investor. "I know that you are...
12:37 AM, Dec 03, 2011
New Delhi: Two directors of a marketing company, Gold Sukh, have been arrested in Rajasthan. They are alleged to have duped investors in a Rs 300 crore scam, which according to the police is spread across nine states. Directors Jagdish Sharma and Rameshwar Prasad are alleged to have promised investors over 27 times return on their deposit to buy gold. Hundreds of agitated investors protested outside outside the Gold Sukh...
09:15 AM, Nov 24, 2011
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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.
