OVL, along with Oil India Ltd, had in June agreed to buy Videocon Group's 10 per cent in the same block for $2.48 billion.
.jpg)
On June 27, the Cabinet approved a new formula that uses weighted average of the price of LNG into India and average price at major gas hubs.
They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
The underperforming metal for 2017 expected to return 17-20%
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
2nd time within a few days RIL has hit the forex debt market.
2022 is shaping up as the year brimming with job opportunities for people who possess relevant skillsets. Therefore, it is crucial for fresh graduates and young professionals to enroll in relevant certification courses to add more feathers to their introductory portfolio
Foreign brokerage Bank of America Merrill Lynch (BofAML) on Friday said a "dovish" Reserve Bank will slash key interest rates by 0.25 per cent at the February review meet and will do cuts of 0.75 per cent in 2015.
BofA-ML revised its end-2015 rupee-dollar forecast to 60 from 64 earlier.
Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar.
The country, last year, stood at the 27th spot for effective regulation and supervision of securities exchanges.
A bit of good news is that it has already mopped up $19 billion in forwards in May.
Nandita Gurjar, Sanjay Purohit and Gautam Thakkar among "potential exit candidates".
The broader market performance, however, is expected to be better by virtue of good performance of state-owned banks on a low base.
His advice was to always start with small positions because we are bound to make mistakes; and remain humble because the markets can be merciless, remembers Debashis Basu.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
Nearly 150 companies visited the campus this year.
Godrej Properties, is on the horizon as it unlocks value in its high-value Bandra-Kurla Complex (BKC) project.
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
Though valuations have moderated, they are still above average.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast.
The Reserve Bank may cut key interest rates as early as this week.
Global growth expectations have slumped to a five-month low.
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
The bank remains on high alert to intervene if markets freeze.
.jpg)
GEM fund managers more overweight on India than ever before says Bofa-ML report.
For growth sustain at these levels, private services need to recover.
However, some experts also feel that there is a case for front-loading of interest rate cut to give a push to the economy
Reliance has significant investments in telecom, consumer retail and media businesses in India.
Lower crude oil prices would impact India's inflation, CAD.
.jpg)
The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
Budget this year has allowed PSBs to bring down govt stake to 51%
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
What stocks will gain from a normal monsoon?
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances