India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
RBI to buy up to INR 120 bn of govt bonds (BS)
The Reserve Bank of India said late on Monday it would buy up to Rs 12,000 crore
($2.7 billion) of government bonds through open market operations (OMO) in a move
to inject liquidity into the country’s banking system.
FDI inflows weaken further in Oct (ET)
The declining trend in foreign direct investment inflows intensified further in October
with funds coming into the country through this route falling 40% to $1.39 billion
compared to $2.33 billion a year ago.
Developing nations agree tariff cut to boost trade (Reuters)
Nearly a dozen developing countries led by Brazil and India will sign an accord this
week to cut tariff barriers and boost trade among themselves, a senior Brazilian
government official said on Monday.
China's envoy: hopeful of free trade talks with India (Reuters)
China hopes to have free trade discussions with India during the Chinese Premier’s
visit to New Delhi this week, a signal of how the two Asian powerhouses may try to
smooth tensions over their economic and border rivalries.
Cash Crunch Means RBI Seen Buying 300 Billion Rupees of Debt: India Credit
(Bloomberg Finance LP)
India’s government may buy more bonds from the market to ease the worst cash
crunch in 10 years, according to companies obliged to bid at debt auctions.
Key facts about India's steel industry (Reuters)
India is expected to emerge as the third-largest consumer of steel in 2011, after
China and the United States, buoyed by a focus on building infrastructure and strong
growth in the automobile and consumer goods sectors.
ULIP sales decline as new regulations take effect (BL)
It may be too early to assert that this is a trend, but ever since the new regulations on
sale of unit-linked insurance plans (ULIPs) came into effect on September 1, the
insurance industry has witnessed a sharp drop in ULIP sales.
Telco licence investigator to identify 2G lapses (Reuters)
An investigation into the sale of telecom licences at low prices will look into
"shortcomings and lapses" in the 2G licensing process and suggest remedial
measures for future, the government said on Monday.
Paras Pharma to be Acquired by Reckitt Benckiser for About $724 Million
(Bloomberg Finance LP)
Reckitt Benckiser Group Plc , the maker of Lysol cleaners and Nurofen painkillers,
agreed to buy India’s Paras Pharmaceuticals Ltd. for about 32.6 billion rupees ($724
million), extending its push into consumer healthcare.
Reliance Comm launches 3G, sees no price war (Reuters)
Reliance Communications on Monday launched third-generation (3G) mobile phone
services in four cities, and said it will cover 13 telecoms zones by March next year.
Gazprom, Oil India to Discuss Natural Gas Joint Venture Projects in India
(Bloomberg Finance LP)
OAO Gazprom will meet with Oil India Ltd. in Moscow tomorrow to consider two
possible joint natural- gas projects in India, Alexander Nikiforov, Gazprom’s head for
the country, told reporters in Moscow today.
ONGC in talks with Bashneft on Arctic oil fields (Reuters)
State-run Oil and Natural Gas Corp is in talks with Russia's Bashneft to help the oil
firm develop the giant Arctic Trebs and Titov oil fields.
Indian Overseas Bank board oks raising 41.5 bln rupees (Reuters)
Indian Overseas Bank said on Friday its board has approved raising funds worth 41.5
billion rupees via private placement.
ECB Raises Bond Purchases to $3.56 Billion After Extending Crisis Measures
(Bloomberg Finance LP)
The European Central Bank increased its bond purchases last week as investors
remained concerned about governments’ ability to push down budget deficits across
the 16-member euro region.
China extends special RRR hike for top banks (Reuters)
China's central bank has told six of the country's biggest lenders that a special
increase in required reserves will be extended, the latest attempt to quell inflation in a
campaign that looks set to intensify.
No comments:
Post a Comment