Weekly News updated 04-10-2010 to 10-10-2010 Compiled by : Navneet Suri Mba- 2(a)
BoB raises deposit rates by 25 basis points <ul><li>State-owned Bank of Baroda today increased fixed deposit rates on select maturities by 25 basis points. </li></ul><ul><li>The interest rate for fixed deposit between 271 days but less than one year has been increased by 25 basis points to 6.25 per cent, Bank of Baroda informed the Bombay Stock Exchange. </li></ul>
Exim Bank gets $150 mn to push India-Africa trade <ul><li>India's Export-Import Bank has secured a $150 million international loan to help expand Indian exporters' access to finance, including for small and medium enterprises, and support their exports to Africa. </li></ul><ul><li>IFC, a member of the World Bank Group, and the Bank of Tokyo-Mitsubishi UFJ, Ltd have each provided a medium-term trade-finance loan of up to $75 million to Exim bank </li></ul>
Banking licence: Realty strikes RBI <ul><li>The Reserve Bank of India (RBI) may have to go easy on its suggestion of not granting new banking licences to those groups which have exposure to the real estate sector. </li></ul><ul><li>The central bank had in a discussion paper indicated that the groups with real estate exposure may find it difficult to obtain new banking licences. However, with most of the new applicants having exposure to the real estate sector </li></ul>
Coal India (IPO) <ul><ul><li>Coal India (IPO) the nation’s biggest & priced at discount to global peers . </li></ul></ul><ul><ul><li>The Govt. said investors can bid for shares in Rs.225-245 Price Band which will help it to raise Rs 15,200 cr. Making it surpass of Rs 11,600 cr. Record set up by Reliance Power in 2008. </li></ul></ul><ul><ul><li>Investor will get 5% discount on final price. </li></ul></ul><ul><ul><li>Coal India (CEO) = Partha S Bhattacharya </li></ul></ul><ul><ul><li>CIL will be traded 12 times the forward yr. earning forecast. </li></ul></ul>
Hero Honda launches special CWG limited edition bike <ul><li>Two wheeler major Hero Honda launched Passion Pro Commonwealth Games limited edition motorcycle costing Rs46,300. </li></ul><ul><li>The new bike has an all white body with sporty looks striking new dual-tone blue and green graphics inspired by the colours of the games. </li></ul><ul><li>The bike comes with the special XIX CWG 2010 insignia on its side cover </li></ul>
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