Reserve Bank of India - India Finance News

India Finance News

Nomura’s Wang, Feldkamp Leave as Former Lehman Managers Depart Thursday, March 11, 2010 @ 12:53AMMarch 11 (Bloomberg) -- Nomura Holdings Inc. ’s vice chairman of China investment banking and head of equity capital markets for Asia outside Japan left the Tokyo-based company, according to people with knowledge of the departures.
Wipro Infotech wins contract from Indian Government Thursday, March 11, 2010 @ 12:43AMWipro Infotech, a India-based provider of IT and business transformation services, has won a turnkey project from the Financial Intelligence Unit - India or FIU-IND, Ministry of Finance, Government of India.
Why this is a 'good-average' Budget Thursday, March 11, 2010 @ 12:43AMThe expenditure cuts are one-off, too much has been given away in tax cuts and there are few green shoots of reform.
India’s Rupee Drops From 2-Month High as Importers Buy Dollars Thursday, March 11, 2010 @ 12:21AMMarch 11 (Bloomberg) -- India’s rupee weakened for the second time in nine days on speculation oil companies and the government will buy dollars to take advantage of the currency’s gain to a two-month high.
Pimco’s El-Erian Says Public Finance Shock May Deepen (Update3) Thursday, March 11, 2010 @ 12:06AMMarch 11 (Bloomberg) -- Mohamed A. El-Erian , whose company runs the world’s biggest mutual fund, said deteriorating public finances may affect the global economy more than is currently realized.
India’s Sensex Index Fluctuates; Hindustan Unilever Declines Wednesday, March 10, 2010 @ 11:51PMMarch 11 (Bloomberg) -- Indian stocks fluctuated amid concern economic growth and a high inflation rate may prompt policy makers to withdraw more liquidity to slow expansion.
Council discusses KSC internships with city Wednesday, March 10, 2010 @ 3:27PMBy: Sean O'Donnell For most students at Keene State College, internships are a part of the normal college experience. What made the experience different for 17 interns over the past year, is they got to work for the city of Keene....
FE Editorial : How to make India slum free Wednesday, March 10, 2010 @ 2:51PMThe government's decision to appoint an eight-member independent committee under the chairmanship of Deepak Parekh to comment on the draft guidelines of the ambitious Rajiv Awas Yojana shows that it is taking the goal of a slum-free India within five years seriously.
Duty-free import of pulses likely to continue, export ban to stay too Wednesday, March 10, 2010 @ 2:44PMTo augment domestic supply of pulses and stabilise prices, the government may soon take the twin-step of allowing duty-free import of the commodity for another one year and extend the ban on exports till March 31 next year.
Foreign partners to get creeping acquisition nod Wednesday, March 10, 2010 @ 2:43PMThe policy relaxation would mean that an overseas company doesn't necessarily have to approach the Foreign Investment Promotion Board or use the FII route to increase its stake in an Indian company, as long as the deal can't potentially lead to its taking control of the company or breach the relevant sectoral FDI cap.
FE Editorial : Money unspent Wednesday, March 10, 2010 @ 2:42PMIn the first four years of the Eleventh Five Year Plan, the government has spent less than 60% of the target for almost all its major social sector plans. And this from a government that is never chary of flaunting its aam admi connection.
Louis Paquette: The Seasonality of Gold Has Broken Down Wednesday, March 10, 2010 @ 2:41PMThe Gold Report has again interviewed newsletter writer and commentator Lou Paquette, who launched the Emerging Growth Stocks website in 1995 to provide investors and speculators with a unique alternative to what he saw was a growing problem with corporate governance and conflict of interest on Wall Street.
Broadband services in every village soon: Pilot Wednesday, March 10, 2010 @ 2:40PMIndia is charting a grand scheme targeting its rural outback to reach telecom and broadband services to each of its 626,000 villages, using funds to the tune of $3.5bn lying unutilised in a dedicated fund.
AIG ‘Money in the Door’ Deals Reap $3.2 Billion for Bondholders Wednesday, March 10, 2010 @ 12:48AMMarch 10 (Bloomberg) -- American International Group Inc. bondholders reaped at least $3.2 billion after the bailed-out company announced deals to sell its two largest non-U.S. life insurance divisions for $51 billion.
Indian Stocks are Better Long-Term Bet, Franklin Says (Update1) Wednesday, March 10, 2010 @ 12:20AMIndia offers better long-term returns on stocks than China given the outlook for economic growth and corporate earnings, according to Franklin Templeton Investments.
India, China back Copenhagen Accord Wednesday, March 10, 2010 @ 12:13AMIndia and China on Wednesday formally backed the Climate Change Accord hammered out in Copenhagen last year calling for voluntary cut in greenhouse gas emissions.
Russia, Azerbaijan, Armenia: All roads lead to the Caucasus Tuesday, March 9, 2010 @ 11:39PMThe Russian Federation republics of Chechnya, Dagestan, North Ossetia and Ingushetia have experienced a sharp increase in assassinations and terrorist bombings in the past few years which have reached into the heart of Russia itself, most spectacularly with the bombing of the Moscow-Leningrad express train in January that killed 26.
Now, nuclear liabilities bill under a cloud Tuesday, March 9, 2010 @ 3:32PMThe passage of the Women's Reservation Bill in the Rajya Sabha on Tuesday has not ended the problems of the United Progressive Alliance (UPA).
IMF flunks good governance Tuesday, March 9, 2010 @ 3:23PMHONG KONG — On Feb. 26, International Monetary Fund managing director Dominique Strauss-Kahn put forward a bold-sketch map for what he called "an IMF for the 21st century," but in the very same week he and two key members of the fund, China and Japan, flunked the most important test for the future of the IMF — good and open governance. At the start of that week, Takatoshi Kato, a former vice ...
Air India sees huge loss New Delhi, March 9: Tuesday, March 9, 2010 @ 3:11PMNational carrier Air India is expected to suffer a loss of about Rs 5,400 crore during 2009-10 and the trend of losses is likely to continue for a few more years, civil aviation minister Praful Patel said in the Rajya Sabha today.
Bulk of govt borrowing in H1: Montek Tuesday, March 9, 2010 @ 2:56PMThe government plans to carry out bulk of its targeted borrowing for fiscal 2010-11 in the first six months, the country’s top policy adviser has said.
Women to Watch: This Month and Beyond Tuesday, March 9, 2010 @ 2:52PMIn the midst of National Women's History month, and a day after International Women's Day, Indian parliament makes major history. As we look forward, here are women to watch.
Swaps Traders Bet India Budget Measures Will Work: Chart of Day Tuesday, March 9, 2010 @ 2:48PMInvestors are betting India will trim its budget deficit, bringing the country’s risk of default closer to that of its investment-grade Asian peer group, according to Nomura Holdings Inc.
Ruling coalition intact, says Sonia Tuesday, March 9, 2010 @ 2:41PMThe head of the Congress Party said yesterday its ruling coalition was intact, despite a key ally breaking ranks to abstain as a bill to reserve a third of parliamentary seats for women was passed by the upper house.
Govt weighs options for SBI fund raising Tuesday, March 9, 2010 @ 2:23PMThe government and the State Bank of India are in talks to firm up the latter's fund-raising plans for the next few years, and all options-including an American Depository Receipt issue-have been explored, financial services secretary R Gopalan said on Tuesday.
Air India to lose around Rs 5.400 cr in 2009-10: Patel Tuesday, March 9, 2010 @ 7:50AMThe airline is waiting for a cabinet nod to raise its working capital by Rs 1,000 cr.
Rajya Sabha passes Women's Reservation Bill Tuesday, March 9, 2010 @ 7:46AMRajya Sabha passes Women's Reservation BillRajya Sabha passes Women's Reservation Bill
Air India to lose around Rs.5.400 cr in 2009-10: Patel Tuesday, March 9, 2010 @ 7:35AMThe airline is waiting for a cabinet nod to raise its working capital by $200 million
Air India to lose around Rs.5,400 crore in 2009-10: Patel Tuesday, March 9, 2010 @ 7:33AMNew Delhi, March 9 : National carrier Air India is expected to incur losses of around $1.8 billion (Rs.5,400 crore) this fiscal and the trend is likely to continue for a few more years, Civil Aviation Minister Praful Patel said Tuesday.
Rajya Sabha passes Women's Reservation Bill Tuesday, March 9, 2010 @ 7:29AMHistory was made in the Rajya Sabha on Tuesday as the Women's Reservation Bill, ensuring 33% reservation to women in Parliament and state legislative bodies, was passed. The focus shifts to Lok Sabha now.
Saudi index ends lower as SABIC drops Tuesday, March 9, 2010 @ 7:25AMUPDATE 4: Dubai's index DFM also ends higher for the fourth straight session; Kuwait ends higher.
Air India to lose around Rs.5,400 crore in 2009-10: Patel Tuesday, March 9, 2010 @ 7:25AMNational carrier Air India is expected to incur losses of around $1.8 billion (Rs.5,400 crore) this fiscal and the trend is likely to continue for a few more years, Civil Aviation Minister Praful Patel said Tuesday.
India to create money-laundering database Tuesday, March 9, 2010 @ 7:23AMNEW DELHI, March 9 (UPI) -- The government is setting up a centralized database to coordinate intelligence from central security agencies in its battle against money laundering and terrorist funding.
Palm Oil May Surge on El Nino, Prudential Bache’s Frick Says Monday, March 8, 2010 @ 9:42PMMarch 9 (Bloomberg) -- Palm oil may surge as much as 22 percent in the first half as drier-than-usual weather curbs output in Malaysia and yields in Indonesia, the world’s two largest producers, according to Prudential Bache Commodities LLC.
India’s Subbarao Says Deficit Cuts Help Rate Policy Management Monday, March 8, 2010 @ 9:21PMMarch 9 (Bloomberg) -- Indian central bank Governor Duvvuri Subbarao said the government’s plan to narrow the budget deficit make it easier to set interest rates in the world’s fastest- growing major economy after China.
Manganese Ore to Join India’s Steel-Dominated Asset Sell-Off Monday, March 8, 2010 @ 8:36PMMarch 9 (Bloomberg) -- India plans to sell about 10 percent of Manganese Ore (India) Ltd. , the nation’s largest producer, as steel-related companies drive the government’s record sale of state assets.
RPT-UPDATE 1-SKS Microfinance to file for IPO in 3-4 weeks Monday, March 8, 2010 @ 8:26PM(Repeats story issued late on Monday)
Palm oil may surge up to 22pc in H1 Monday, March 8, 2010 @ 7:41PMPalm oil may surge as much as 22 per cent in the first half as drier-than-usual weather curbs output in Malaysia and yields in Indonesia, the world's two largest producers, according to Prudential Bache Commodities LLC. The El Nino weather phenomenon may drive prices to as much as RM3,300 (US$988) a metric ton, said Anne Frick, vice president for research at the New York-based commodities and ...
Telecordia gets nod for MNP services Monday, March 8, 2010 @ 3:22PMSwitching mobile operators without changing numbers may become possible from May this year, with Telecordia — the company that enables this change — getting home ministry clearance to set shop in the country.
The changing face of ratings Monday, March 8, 2010 @ 3:21PMYu-Tsung Chang, head of Asia-Pacific ratings at Standard and Poor’s, talks about the role of rating agencies in Asia’s credit markets.
‘Garment exporters need interest subsidy on lines of handicrafts’ Monday, March 8, 2010 @ 2:56PMThe ministry of textiles has asked the government to extend the interest subsidy scheme for garments exports for another year as has been done for handicrafts, carpets and small & medium enterprises (SMEs).
ROOM FOR IMPROVEMENT Monday, March 8, 2010 @ 2:51PMIn the 1950s, the Economic Survey used to be a modest affair — some 10,000 words of text and a couple of dozen tables.
No clear road map yet for GST Monday, March 8, 2010 @ 2:41PMFor everyone who expected Budget 2010 to lay out the roadmap for goods and services tax (GST) rollout, there was much disappointment.
Shell, PetroChina Offer $3 Billion for Australia’s Arrow Energy Monday, March 8, 2010 @ 3:19AMRoyal Dutch Shell Plc and PetroChina Co. made an offer worth more than A$3.3 billion ($3 billion) to acquire Arrow Energy Ltd., the holder of Australia’s biggest coal-seam gas acreage, triggering a record gain in the shares.
SBI advances 2% on amendment to SBI Act Monday, March 8, 2010 @ 3:16AMState Bank of India has advanced 2% to Rs 2,089, after the finance minister introduced the bill to amend State Bank of India (ABI) Act.
Why builders are not pleased with the Budget Monday, March 8, 2010 @ 3:16AMThe devil is in the detail for the real estate sector. Though the Budget gave sops to home buyers in the form of tax savings and interest rate subvention, it quietly brought back service tax on lease rentals in the Finance Bill.
Govt seeks to cut stake in SBI to 51% Monday, March 8, 2010 @ 3:01AMThe government on Monday sought parliamentary approval to cut its stake in top lender State Bank of India to 51 per cent from 55 per cent, seeking to raise $1.2 billion (Rs 5,000 crore) at current market prices from the key reform move.
Government seeks to cut stake in State Bank of India to 51% Monday, March 8, 2010 @ 2:56AMGovernment could raise $1.2 billion at current market prices from the key reform move. Check out the top gainers, losers and recommendations from analysts
India Stocks Rise to Six-Week High, Led by Jaiprakash, Mahindra Monday, March 8, 2010 @ 2:51AMMarch 8 (Bloomberg) -- India’s benchmark stock index rose to its highest in more than six weeks after Finance Minister Pranab Mukherjee said the nation aims to return to a 9 percent pace of economic growth.
(AFX UK Focus) 2010-03-08 08:25 UPDATE 1-India seeks to cut stake in State Bank to 51 pct Monday, March 8, 2010 @ 2:44AMNEW DELHI, March 8 (Reuters) - India on Monday sought parliamentary approval to cut its stake in top lender State Bank of India to 51 percent from 55 percent, seeking to raise $1.2 billion at current market prices from the key reform move. The federal government had earlier said it would move to cut its holdings in state-run banks while retaining majority control, but has faced political and ...