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October 2015

India to issue sovereign gold bonds from Nov 26 - govt

October 31, 2015 by shekarm

India will issue sovereign gold bonds from Nov. 26, offering an annual interest rate of 2.75 percent to domestic investors, a government statement said on Friday.

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DCB bank says slower pace of expansion will keep costs in check

October 31, 2015 by shekarm

Plans by India's DCB Bank (DCBA.NS) to spread expansion of its branch network over a longer time horizon will rein in costs, the company said on Friday after its growth strategy raised investor concern over profitability.

Stocks slip, but post best month in 4 years; oil gains

October 31, 2015 by shekarm

Oil gained on Friday while stocks on Wall Street closed lower even as major U.S. and European stock indices posted their best month in at least four years, boosted in part by accommodative monetary policies in the euro zone and Japan.

Vedanta seeks cut in iron ore export duty, levies

October 31, 2015 by shekarm

Miner Vedanta's iron ore chief on Friday called for a cut in central and state levies on exports of low-grade ore mined in Goa, as the company struggles to remain competitive amid a global commodities slump.

India's fiscal deficit reveals strains to budget plans

October 31, 2015 by shekarm

India's fiscal deficit has reached 68 percent of its full-year target at the halfway stage, revealing strains to Finance Minister Arun Jaitley's budget as revenues from asset sales again fall short.

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India for 9 cr 4G customers, 18 cr 4G phone by FY18

October 31, 2015 by shekarm

 India is expected to have 9 crore 4G subscribers and 18 crore 4G smartphones by 2018 and Bharti Airtel, Vodafone and Idea Cellular will gain from this growth if Reliance Jio Infocomm delays the launch of its 4G services, says a report by Bank of America Merrill Lynch (BofA ML).

"We expect 4G smartphone base to jump from

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Disclose regulatory actions in prospectus: Sebi

October 31, 2015 by shekarm

Companies will have to disclose all major regulatory actions and penalties along with details of price information of past issues handled by their merchant bankers along in the shortened five-sheet abridged prospectus for public issues, Sebi said today.

They will also have to make all the important disclosures about its promo

ICICI more than halves its equity in 2 overseas arms to 5.2%

October 31, 2015 by shekarm

ICICI Bank has more than halved its equity investment in the two arms in Canada and the UK to 5.2 per cent at the end of September quarter from 11 per cent as of March 2010.

ICICI Bank has close to a quarter of its assets of Rs 4,09,700 crore with two overseas subsidiaries -- ICICI Bank UK and ICICI Bank Canada.

Japanese companies remain more keen to invest in ASEAN than China

October 31, 2015 by shekarm

Japanese companies remain more keen to invest in ASEAN than China

Global Economy Weekahead - U.S. jobs data to hold key to Fed's rate plans

October 31, 2015 by shekarm

Global Economy Weekahead - U.S. jobs data to hold key to Fed's rate plans

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