Investing News - Page 25

Oil slides to 6-week low as recession fears grow

Oil markets have been gripped by external economic factors after weak Chinese industrial data and a bleak economic outlook from the US Federal Reserve sent traders into safer havens, triggering the biggest commodity sell-off since May.

Greek default talk gathers pace, G20 underwhelms

The International Monetary Fund reckons Europe's banks could need to recapitalise to the tune of 200 billion and many bank analysts are far gloomier than the Fund.

SBI signs up as Experian Credit Bureau member

Almost all the leading banks including SBI and financial institutions already subscribe to the credit data from other credit bureau called Cibil (Credit Information Bureau of India), the first such organisation in the country.

Silver tumbles by Rs 5,500, gold down to Rs 28,040

Selling pressure gathered momentum after gold headed for its worst weekly performance in more than four months in global markets as investors sold the metal, amid melting equities and other commodities, fearing the world economy might slow down.

Banks, NBFCs can sponsor infra debt funds:RBI

NBFCs should have minimum net-owned funds of Rs 300 crore and a capital adequacy ratio of 15 percent, the Reserve Bank of India said in a statement.

RBI wary of selling dollars on market volatility, deficit

India has reserves that are merely a tenth of the size of mighty neighbour China's. Because India runs a trade deficit, the reserves also comprise a pool of borrowed money that can dwindle quickly should foreigners pull short-term investments away from the country.

As with gold, miners bullish on silver prices

Some silver miners are going so far as to link their dividend payouts to silver's price, mimicking a move by some gold miners.

Asia hedge funds attract $500 mn in August, assets at 32-month high

<br /><br /> While cumulative hedge fund assets in Asia remain about $40 billion below their peak hit in December 2007, the industry is seeing a revival from the global financial crisis, with some funds attracting hundreds of million of dollars.

Power Finance gets RBI nod for $1 bn overseas issue

The borrowing will be utilised for funding the power projects, including ultra mega power projects, financed by the company.

Asia PE funds decouple from Western markets

The greatest threat to private equity investing in the region came from the wall of capital entering Asia looking for opportunities, which could pressure returns in coming years, the survey showed.

Govt puts off LPG meet, but price hike looks real

The expert panel has proposed that every household should get only 4-6 LPG cylinders at subsidised prices and pay the market price of about Rs 710 for every additional cylinder.<br /><br /> <br /><br />

Infra spend: India's $500-bn goal looks too ambitious

Over the next five years ending March 2017, Asia's third-largest economy plans to invest $1 trillion in building infrastructure including power, ports, roads and railways.<br /><br /> <br /><br />

Rupee likely to rise after an 8-day fall

All eyes are on Friday's monetary policy review of the Reserve Bank of India which will give direction to local shares and in turn the rupee.

BNP Paribas plans $96 bn asset sale to ease investor fears

French banks are fighting to restore confidence after suffering a sharp summer sell-off on the stock market, driven by concerns they are too dependent on wholesale market funding and would be ill equipped to cope with the fallout from a Greek debt default.

Real estate in sick bay, PEs maintain a safe distance

PE players had pumped in $1,041 million into the realty sector during the April-August period of the previous fiscal, as per the data. This is in comparison to $831 million in the first five months of the current fiscal. <br /><br /> <br /><br />

Biocon to list services unit in 18 months

Mazumdar-Shaw also said Biocon is focusing on posting $1 billion in revenue in three to five years, helped by growth in its insulin business.

Govt relaxes FII rules in long-term infra bonds

Foreign institutional investors (FIIs) can now buy upto $5 billion in long-term infra bonds which have an initial maturity of five years or more at the time of issue with a residual maturity of one year at the time of first purchase by such investors, with a lock-in period of one year.

Gold extends losses but weaker rupee limits downside

India is the biggest consumer of bullion followed by China. Wedding and festival demand is expected to gain pace and peak in October and November before tapering off in December

Rupee hits 14-month low on Europe debt woes

World shares fell close to 1.5 percent on Monday with European equities tumbling more than 2 percent as investors worried that Greece would default amid signs of disagreement among eurozone policymakers.

Jewelers, consumers seek alternative to gold

High prices have practically squeezed gold out of the low and medium-priced segments of western jewellery markets, with other metals or alternative gadgets replacing it as small gifts worth 100-300 euros.

Top German ECB official quits over bond-buying row

A top German official at the European Central Bank resigned unexpectedly on Friday in conflict with the bank's policy of buying government bonds to combat the euro zone's debt crisis.

Gold recovers from lowest level, gains 2 percent

India gold futures extended gains by more than 2 percent on Friday following a rise in overseas markets, and a weaker rupee back home, dealers said.

Will Asia's inflation go back to comfort levels?

The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.

Shaky rupee loses ground further, hurtles to 1-year low

Euro's losses and strong demand for dollar hastened the fall. Choppy local shares and mixed Asian currencies were of little help.

StanChart expects pre-tax profit to rise 10 percent

Net interest margins were also expected to rise from 2010 levels, it said in a filing to the Hong Kong bourse, adding that its headcount was now about 2,000 higher than at the end of 2010.

Ashok Leyland bucks trend, shares up 3% on robust sales

The company reported a 53.36 percent jump in commercial vehicle sales to 7,878 units in November.

Bank of India gains after picking up 51% stake in Bharti Axa MF

The stock hit a high of Rs 349.50 and a low of Rs 341.05 during the day. It had hit a 52-week low of Rs 290.25 on 26 August 2011

DLF up 1% after receiving Rs 200 cr from IDFC

The amount is received as part of a process for IDFC to acquire 100% stake in the joint venture company which has been received by the joint venture partners including DHDL.

Ranbaxy gains over 11%; surge in sync with bullish market

Stock surged after the drug major launched its generic version of blockbuster cholesterol-lowering drug Lipitor in the US.

Jet eyes up to $300 million from plane sale, lease back

Jet Airways plans to sell and lease back aircraft it owns, to raise up to $300 million over the next six months.