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Demand for Indian bonds likely to pick up: Barclays
New Delhi: The demand for Indian bonds is likely to pick up in the coming days in the wake of declining commodity prices and rationalised debt limits for foreign investors, according to a Barclays report. While the foreign demand for Indian government bonds has been subdued in the past few #Barclays #Bonds #G-Sec #Investing #SmartMoney
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Sebi to raise headcount, focus on staff training
Mumbai: Capital markets regulator Sebi is planning to strengthen its manpower in a big way this year, with sharper focus on imparting the technical and behavioural training to staff at all levels. Sebi employs 660 people including officers as well as the support-level staff. It feels however that there is an #Hiring #PolicyWatch #Saradha Group #SEBI
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Axis up 4% on strong Q4 earnings
Axis Bank shares rise 3.7 percent after the bank posts better-than-expected March quarter results. Results, which came on Wednesday, showed net profit was at Rs 1555 crore versus estimates of Rs 1277 crore. Other banking shares also rise with the NSE banking index trading up 1.3 percent. SBI rises 1.3 percent, #Axis Bank #banking stocks #Earnings #Q4 results #StockWatch
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Sebi directs firms to redress investor complaints in 30 days
Mumbai: Stock exchanges and listed companies have to redress investor complaints within a month of receiving them and their failure to meet this directive could attract penal action. In a circular, Sebi (Securities and Exchange Board of India) today said: "All listed companies are required to redress the grievances of #PolicyWatch #SCORES #SEBI
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IDFC Mutual Fund collects over Rs 240 cr through equity NFO
New Delhi: IDFC Mutual Fund has garnered over Rs 240 crore through its new fund offer despite sluggish stock markets. "Equity Opportunity Series 1 saw good response. We have collected over Rs 240 crore. The new fund offer opened on 9 April and closed on 10 April," said an IDFC Mutual #IDFC Mutual Fund #NFO #StockWatch
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FinMin sub-committee to discuss inflation-linked bonds tomorrow
New Delhi: The sub-committee of the Financial Stability and Development Council (FSDC) is likely to discuss the modalities of inflation indexed bonds at its meeting tomorrow in Mumbai. "The meeting will discuss, among other things, the inflation indexed bonds with a view to give investors option to hedge their investments against #finance ministry #Inflation-Indexed Bonds #NewsTracker
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Maruti shares rise, weaker yen seen boosting margins
Shares in Maruti Suzuki India Ltd rose as much as 4.5 percent on Friday, on hopes a weaker yen currency would improve margins by reducing the costs of importing auto parts from Japan after the Bank of Japan unleashed unprecedented monetary expansion. The yen slid to a 3-1/2 year low against #Margins #Maruti Suzuki #StockWatch #Yen
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MFs offload shares worth over Rs 21,000 cr in 2012-13
New Delhi: Mutual funds offloaded shares worth over Rs 21,000 crore during the first 11 months of fiscal 2012-13, including outflows of Rs 848 crore during the month of February 2013. The net outflow in February was, however, the lowest in eight months following a huge outflow of Rs 5,212 #Mutual Funds #SEBI #StockWatch
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Rivals Cipla, Natco gain on Novartis drug patent rejection
Mumbai: Shares in Natco Pharma and Cipla gain after the Supreme Court dismissed Swiss drugmaker Novartis AG's petition seeking patent for its cancer drug Glivec. In a landmark judgment that has the potential to change the direction of India's pharmaceutical business, the Supreme Court said on Monday that the drug failed #cancer drug #Cipla #Natco Pharma #Novartis #StockWatch
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Jet, SpiceJet shares fall on AirAsia entry concerns
Shares in Jet Airways India fell nearly 3 percent and SpiceJet shares dropped 3.4 percent after India's Foreign Investment Promotion Board (FIPB) approves AirAsia's proposal to set up a joint venture in India, raising concerns about increased competition. Shares also fell after Airports Authority of India said it will form a #Air Asia #Jet Airways #SpiceJet #StockWatch
