Money News - Page 13

RBI notifies increase in PPF deposit limit to Rs 1.5 lakh/year

The Reserve Bank today notified the increase in deposit money under Public Provident Fund (PPF) to Rs 1.5 lakh from Rs 1 lakh earlier.

BoE minutes stun markets, global stocks fall as investors brace for rate hike

World stocks fell on Wednesday as investors braced for the possibility that a major central bank could raise interest rates this year after Bank of England minutes showed two of the bank's nine rate-setters voted for a hike earlier this month.

Raheja Developers plans to go public in a year

The Mumbai-based developer has projects both in the commercial and residential segment. <br />

IFC to raise $2.5 bn through rupee bonds: How it will boost Indian infra sector

IFC will use a combination of rupee-denominated bonds and swaps to raise local-currency financing of up to Rs 15,000 crore over the next five years

Charging customers after 5 withdrawals from their bank ATMs is the worst possible decision

The issue is: would the RBI dare to similarly discourage withdrawals from the cash counters of a bank given the fact that such manual dispensation of cash is more expensive for a bank?

Guard against market violations; attract more retail investors: Jaitley to Sebi

Jaitley also discussed issues related torecommendations of the Financial Sector Legislative Reforms Commission (FSLRC).

Without real estate reform, REITs may turn out to be like amnesty for black money

India must have real estate reforms before ushering in REITs which is nothing but a variant of mutual fund investments.

Regulations alone won't work to control India's illegal finance market

Even as a new legislation empowers the Securities and exchange board of India (Sebi) to tighten its grip over entities running ponzi schemes above Rs 100 crore, such regulations could help only to cure the symptoms, experts said.<br />

REITs guidelines: Investors with even Rs 2 lakh can earn from completed realty projects

Having cleared a long-pending industry demand for creation of Real Estate Investment Trusts (REITs), regulator Sebi today said that the new norms would help entities with at least Rs 2 lakh investment to earn from completed real estate projects.

Sebi clears final guidelines for investments into realty, infra trusts

The new norms would enable listing and trading of REITs and InvITs as any other security on the stock exchange platforms and also help create new platforms for raising of funds by real estate and infrastructure companies, respectively.<br />

Is Raghuram Rajan being an alarmist by predicting a global markets crash?

RBI governor, Raghuram Rajan has spoken out once more against competitive monetary policy easing by central banks, especially by the Fed and ECB. In an interview with London based 'Central Banking Journal' he commented on potential global markets crash on the back of competitive central bank easing.<br />

About-turn: Rupert Murdoch withdraws $80 bn offer to buy Time Warner

Murdoch, who is Fox's chairman and CEO, cited Time Warner's management and its board's refusal to engage with Fox as one reason for the stunning turnabout.<br />

Two former Infosys CFOs say a Rs 11,200 cr share buyback will boost confidence in firm

After a series of top level exits, Infosys top management has undergone a change recently, with Vishal Sikka assuming charge of its CEO and MD replacing S D Shibulal who retired. Sikka is the first non-founder to head the company.<br /> <br />

iPhone 6 alert: Apple to hold 'big' media event on 9 Sept

Apple usually launches the newest version of its iPhone in September.<br />

Top deck rejig: SAP Labs appoints Dilipkumar Khandelwal as India MD

Dilipkumar will be responsible for driving customer-led innovations and operations across SAP Labs India facilities in Bangalore, Gurgaon and Pune, the company said in a release.<br />

India's grand infra dream: Govt bets on Modi to replicate Gujarat's PPP drive

The government wants private companies to contribute half of a $1 trillion investment target over five years to 2017 to alleviate clogged-up roads and end electricity blackouts.<br />

Twist in India's e-commerce story: Ratan Tata likely to invest in Snapdeal

Snapdeal's existing investors included Nexus Venture Partners, BlackRock, Singapore's Temasek and Bessemer Venture Partners among others.<br />

Winning inflation battle is RBI's goal: Markets must wait longer for rate cut

It is actually now a no-brainer that rates will be lowered only when CPI inflation comes down and remains within acceptable levels

RBI should examine inflation, growth while setting policy rates: FinMin

With the RBI opting for status quo in its monetary policy review today, the Finance Ministry said going forward the central bank should examine the liquidity situation, inflation and growth while fixing the policy rate.

NSEL scam: HC to examine charge sheet before deciding on Jignesh Shah bail

The Bombay HC it would peruse the charge sheet filed against Jignesh Shah before deciding on his bail plea.

Don't distort competition: MCX-SX welcomes Compat decision against NSE's appeal

Welcoming the Competition Appellate Tribunal's decision to uphold a CCI order against NSE, rival stock exchange MCX-SX today said dominant entities have a special responsibility not to distort competition.

Ponzi schemes: Sebi Bill brings clarity, but what about this one gigantic loophole?

But even after the new law, there could be wiggle room available for Ponzies

RBI cuts SLR to 65-year-low: Why Raghuram Rajan is indeed a rock star

By gradually phasing out SLR, the RBI is taking Indian economy out of the so-called financial repression.

Essar Projects wins $54 mn maiden contract from Saudi Aramco

The scope of work entails engineering, procurement and construction of a crude tank, replacement of crude pumps and associated civil, piping, electrical and instrumentation facilities.<br />

Food security solution a must, cannot wait for WTO to engage in academic debate: Sitharaman

Making a statement in the Lok Sabha on the recent failed WTO talks, Commerce Minister Nirmala Sitharaman said India is an "unwavering votary" of the multilateral trading system and reiterates its commitment to the WTO.<br />

Govt may have to cut PSU bank stake below 51%: Jaitley should read Sinha's 2000 budget speech

The government simply does not have the resources to recapitalise public sector banks to comply with Basel III norms. It will be forced to bring government stakes below 51 percent

Understanding RBI policy: What the 50 basis point cut in SLR means

The Reserve Bank of India decided to keep key rates on hold, thus opting for a pause on interest rates in its third bi-monthly monetary policy review today. It seems the RBI may not be in a hurry to cut rates to spur growth. Its focus, instead, remains on targeting the 6 percent inflation-gliding path by January 2016.<br />

Keep the faith: Sebi has enough power to deal with frauds, assures UK Sinha

Sebi has to approach a designated court to get approval for search and seizure operations

Why the govt should not delay its stake sale in SAIL

The government was to divest its stake in Sail by this month end but could now wait until August. Could this hit the sale?