Investing News - Page 3

RBI allows banks to issue guarantees for NRI investments
Such transactions should be compliant with provisions of the Securities and Exchange Board of India, it said.

EPFO settles over 96% claims filed in Apr-Jul
EPFO disposed 20,668 grievances in the month of July this year as compared to 13,414, which was the average for the preceding three months.

Action against 78 firms in FY'13 on complaints: Pilot
In case a company fails to pay dividend, it faces action under sections of Sebi Act, Pilot said.

Singapore 'disappointed' after CCI slaps Rs 50 lakh fine on investing arm
The fine of Rs 50 lakh was imposed on Temasek Holdings and its two subsidiaries for delayed submission of a mandatory application to the Competition Commission of India (CCI) with regard to a proposed acquisition of shares from DBS Group.

Gold, silver import dip 34% to $2.9 bn in July
To curb demand, the government hiked the import duty on gold three times in a year and raised it recently by 2 percent, to 8 percent.

RBI auctions bills worth Rs 22,000 cr check volatility
Bills with maturities of 34 days and 35 days of Rs 11,000 crore each were put up for auction, RBI said in a statement.

RBI tightens hedging norms for FIIs
FII must have a mandate from the P-Note or Offshore Derivative Instrument holder for the purpose (of hedging), RBI said in a notification.<br /><br />

Sesa Goa to invest $400 mn in Liberian mine
Sesa Goa, which had acquired Liberia's Western Clusters project for about $123.5 million (about Rs 595 crore), has divided the project into several phases.

Sebi to auction Rs 23,000 cr worth govt bonds for FIIs
Indian debt markets had witnessed robust interest from FIIs last year as well, when their net investments stood at close to Rs 35,000 crore.

Godrej Properties complies to Sebi, submits details on Rs 700 cr rights issue
In rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.

First half of 2013 sees MFs invest Rs 2.92 lakh cr in debt market
At the end of May, there were a total of 1,294 schemes under mutual funds.<br /><br />

JSW seeks shareholders' nod to raise borrowing limit by 60%
JSW intends to jack up capacity of 10 mtpa Vijayanagar plant in Karanataka by an additional 2 mtpa.

Barclays sees gold struggling in 2014
"Slower-than-expected tapering, weaker equity markets and a softer dollar could help to revive gold in the short term," the bank said.<br /><br />

Holding the 56.11 support level is crucial for the rupee
The rupee's weakness despite zero interest rates in the US is worrying. What is the US Fed stops printing money and the dollar strengthens further?

RBI may soon launch CPI-linked bonds too
The Reserve Bank of India may switch the indexing of inflation-linked bonds to the consumer price index ( CPI) if this measure stabilise

Discount lockers: A special Deutsche Bank account for women
The product, named 'Eve Account', comes with benefits such as discounts on lockers, demat account and investment fees, etc, the German bank said in a statement.

L&T to raise Rs 100 crore in 10-year inflation-linked bonds
Larsen & Toubro is planning to raise Rs 100 crore in 10-year inflation-linked bonds at 1.65 percent over wholesale price inflation, a source with direct knowledge of the deal said.

LIC sells 2% stake in Dr Reddy's Lab
Life Insurance Corporation (LIC) sold 2.13 per cent stake in Dr Reddy's Laboratories from January 10 to May 10 through open market, according to a BSE filing by DRL.

Fitch's Indian arm to start credit rating infra debt funds
The Indian arm of global agency Fitch will assign credit ratings to IDF so as to help instill confidence among global investors and provide thrust to the infrastructure sector, the government said today.

Bank of India Q4 net profit drops 21% to Rs 757 crore
Public sector Bank of India today reported a 20.58 percent drop in net profit at Rs 756.57 crore for the fourth quarter ended March 31. The bank had a net profit of Rs 952.73 crore in the January-March quarter of 2012.

Dr Reddy's hits all-time high ahead of Jan-March earnings
Shares in Dr Reddy's Laboratories gained as much as 2.9 percent to an all-time high of Rs 2,152 on hopes the Indian drugmaker will beat earnings estimates for the March quarter by a wide margin, according to multiple dealers.

Shriram Transport Finance Q4 net rises 17% to Rs 383 cr
Non-banking finance company Shriram Transport Finance today reported a 16.63 per cent rise in consolidated net profit at Rs 383.46 crore for the fourth quarter ended March 31, 2013, driven by a sound rise in loan growth.

Starmine data predicts Glenmark profit may miss estimates
Glenmark Pharmaceuticals could miss January-March earnings consensus forecast, according to Thomson Reuters StarMine data.

Infosys up 1% on value buying
Shares in Infosys gained 1.2 percent on short covering in its May futures on Monday due to value buying in the cash market after April's underperformance, dealers say.

Divestment plan: Haldia Petrochemicals pins hopes on stake sale
Financially troubled Haldia Petrochemicals Ltd (HPL) is pinning hopes on West Bengal government's disinvestment move in the company for fresh infusion of funds