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Investing News - Page 24
Regulator says RIL's D6 output could fall further
The regulator said the company could submit by December a workover plan to arrest the output decline.
RComm may raise up to $1.5 bln in unit IPO: sources
Reliance Communications is looking to raise up to $1.5 billion through an initial public offering in Singapore of its undersea cable unit, as per sources.
LIC to invest Rs 1.9 lakh cr in FY12
LIC, which is a major investor in India's capital markets, has already invested Rs 1.25 lakh crore between April to November
Patni Computer gets shareholders' nod for delisting from BSE, NSE
In a regulatory filing, Patni Computer Systems said shareholders of the company have approved the delisting proposal with a "requisite majority".
RBS downgrades telcos on regulatory risk, policy uncertainty
The bank has downgraded Bharti Airtel and Idea Cellular to hold from buy and Reliance Communications to sell from hold.
Deutsche Bank downgrades Tata Motors to sell on weak demand, rising competition
The bank said it expects weak demand and rising competition to impact returns in domestic business of the company.
CLSA downgrades Sintex Ind, cuts target price to Rs 68
Given the cos increased focus on working capital and the necessity of timely execution for margins in the monolithic business, the brokerage expects this to lead to a sharp slowdown in Sintex Industries' business.
No re-investment facility for new FII debt allocation: Sebi
Previously, the limit remained unchanged if a foreign institutional investor reinvested the proceeds within five days.
Credit Suisse upgrades Tata Steel on better valuation
However, weak steel market will continue at least till the first half of FY13 on back of supply-chain unwinding in Europe, uncertainty in China and demand slowdown in India.
SEBI prohibits incentives to lure investors to public debt issue
Some brokers/ distributors were passing on part of their brokerage or commission to the final investors for subscription to such public issue of debt, giving an unfair advantage to some investors.
IIFCL to launch $1 bn infra debt fund by Feb
India has targeted $1 trillion to overhaul the country's clogged roads, railways and ports over the five years to 2017.
Govt may give tax sops to IT firms
A spurt in tax rates due to expiry of the Software Technology Parks of India (STPI) scheme earlier this year has hurt margins and crimped profits at Indian IT firms.
Spanco surges 13% after BPO arm gets 5-yr tax holiday in Nigeria
Buoyed by the news, shares of the company opened on a robust note and jumped by 12.94 percent to an early high of Rs 74.15 on the BSE.
NBFC shares plummet on slump in gold prices
Gold today recorded its steepest fall in over two months and lost Rs 800 to Rs 28,140 per 10 grams, on frantic selling by stockists
S&P enters bear market, Greece fears sink Wall Street
Wall Street fell about 2 percent, extending the previous day's decline to 13-month lows as investors feared the crisis in Europe could throw the United States into a new recession.
Blue Dart plans Rs 150 cr capex, stock down
he company, part of DHL Group, has spent around Rs 300 crore over the past two years under its capex programme.
'RIL shares to outperform in a month due to short-term valuation'
Morgan Stanley also underpins the fact that the company's earnings are positively correlated with depreciation of the Indian rupee
Fortis slips 3% on valuation concerns over international biz
Analysts have expressed concerns of over valuation in the company's $665 million acquisition of promoters' international business
DB Realty gains after reappointing 2G accused founders
The Supreme Court had granted bail to both Vinod Goenka and Shahid Balwa charged in a telecom licencing scandal.
Central Bank of India sheds Rs 5,000 cr of high cost deposits
Central Bank of India has shed around Rs 5,000 crore of high cost deposits in the first half of the current fiscal to protect its net interest margin (NIM).
Cabinet approves mining bill; Coal India,Tata Steel tank
With the approval Coal India will be hit the most as it will have to share one fourth of its profit, which means lesser money for growth and dividends.
S&P, Fitch cut New Zealand rating, debt load a big pain
The rating agencies are expecting New Zealand's external position to deteriorate further, with the current account deficit rising again as markets are growing sensitive to debt.<br /><br /> <br /><br />
Share Microfin gets Rs 1,200 cr debt restructuring deal
Share's total debt stands at Rs 1,900 crore, of which Rs 1,200 crore has been restructured and the remaining Rs 700 crore is held by lenders in the form of preferential shares with conversion rights.
Premium for gold bars rises to 1-year high in India
There is a sudden demand in the market as prices have fallen.
Gopalan thinks the divestment target is within reach
The inability of the government to go ahead with asset sales has raised doubts over its ability to meet the budgeted fiscal deficit target of 4.6 percent in the current year.<br /><br /> <br /><br />
JSW announces massive production cut due to iron ore shortage
JSW Steel has gone for a massive production cut to 30 per cent of capacity at its Vijayanagar plant in Karnataka "due to abrupt stoppage of iron ore".
Bhel FPO only after market improves: Praful Patel
The issue was to hit the markets on 20 September but the markets started crashing from the middle of the month following the renewed credit crisis in the Eurozone economies.
Oil slips to seven-week low on eurozone crisis, recession fears
Oil fell to seven-week lows, around 2 percent down, on Monday.<br /><br /> Brent futures for November fell $2.31 to a low of $101.66 a barrel, the lowest intra-day level for the front-month contract since 9 August.
Rupee options trading kicks off on Dubai exchange
DGCX is the only exchange outside India to offer trading in both futures and options in the Indian rupee.
Global policy makers focusing on preventing Greek default: Russia
Safeguarding the banking system seems the main worry at present, as international lenders have been increasingly losing patience with Athens consistently missing fiscal and reform targets.