"Low fees for the public sector deals could be one of the reasons for the poor performance of these issues," said Jagannadham Thunuguntla, head of equities at SMC Capitals.
From india to korea,ipo markets are booming as china deals slowPreetiSingh631
Tech companies from India and South Korea, and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak
Sandstone Capital and Sequoia Capital have acquired a minority stake of less than 10% in Micromax, India's largest domestic handset maker, for approximately Rs. 200 crore. Micromax has hired investment banks to handle its planned Rs. 600-800 crore public offering, which would make it the first domestic handset maker to go public. Foreign institutional investors have pumped $4.4 billion into the Indian equity market so far this month, attracted by strong economic growth. Hyundai said its plans for a new small car in India to compete with the Maruti Alto are "well in course". Bank of Baroda has the second highest profit per employee among nationalized banks in India. The Sh
The Indian banking sector has grown significantly in the last three decades, expanding its business activities beyond traditional banking. Mobile banking transactions in India are expected to reach $350 billion by 2015. Several government initiatives have been taken to improve banking regulation and increase access to financial services in rural areas. With India's continued economic growth and increasing consumer spending, the banking sector is poised for further expansion to capture the growing demand.
The keynote provides summaries on various industries including banking, cement, infrastructure, IT, and media & entertainment from India. ICICI Bank plans to restructure some corporate debt. Cement companies saw impressive sales growth in October despite two price hikes. The infrastructure sector is seeing increased spending after a slowdown, and some stocks may perform well. The IT sector ended lower due to weak European cues. The Indian television industry is expected to grow 12% over the next five years to $15 billion.
Samsung raises its 2010 smartphone sales target to 25 million units from 18 million due to the popularity of its Galaxy S Android-based smartphone. It does not plan to introduce new models this year, hoping Galaxy S sales remain strong. The new direct tax code could significantly increase the number of global Indians subject to tax in India by changing the rules around tax residency and eliminating a loophole. It is expected to take effect on April 1, 2012. Indian IT companies oppose a proposed increase in visa fees for H1B and L1 visas, which they say would increase their costs by $200-250 million per year as most have more than half foreign workers.
The document provides updates on various topics related to public sector enterprises (PSEs) in India:
1) Investor interest in exchange traded funds (ETFs) has doubled since the new government took over in June 2014, reflecting optimism in the economy. The initiative to roll out ETFs around Central PSEs also helped boost interest.
2) The government has launched an initiative to provide over five dozen project approvals through a single online platform to make it easier to do business in India.
3) Several key positions in telecom PSUs like BSNL and MTNL have been vacant for months, despite the new government's focus on turning them around.
4) 34
Coal India had a successful initial public offering, with its stock price rising over 32% on the first day of trading. However, some analysts predict the gains may be difficult to sustain as speculators who borrowed money to invest may look to sell for a profit. Retail investors and others may look to buy dips in the stock price for long term investment in the company given its near monopoly in the Indian coal market. The US is expected to push for greater access to the Indian market during President Obama's visit, including further foreign direct investment reforms in retail and financial services to allow US companies to better access the consumer market in India.
From india to korea,ipo markets are booming as china deals slowPreetiSingh631
Tech companies from India and South Korea, and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak
Sandstone Capital and Sequoia Capital have acquired a minority stake of less than 10% in Micromax, India's largest domestic handset maker, for approximately Rs. 200 crore. Micromax has hired investment banks to handle its planned Rs. 600-800 crore public offering, which would make it the first domestic handset maker to go public. Foreign institutional investors have pumped $4.4 billion into the Indian equity market so far this month, attracted by strong economic growth. Hyundai said its plans for a new small car in India to compete with the Maruti Alto are "well in course". Bank of Baroda has the second highest profit per employee among nationalized banks in India. The Sh
The Indian banking sector has grown significantly in the last three decades, expanding its business activities beyond traditional banking. Mobile banking transactions in India are expected to reach $350 billion by 2015. Several government initiatives have been taken to improve banking regulation and increase access to financial services in rural areas. With India's continued economic growth and increasing consumer spending, the banking sector is poised for further expansion to capture the growing demand.
The keynote provides summaries on various industries including banking, cement, infrastructure, IT, and media & entertainment from India. ICICI Bank plans to restructure some corporate debt. Cement companies saw impressive sales growth in October despite two price hikes. The infrastructure sector is seeing increased spending after a slowdown, and some stocks may perform well. The IT sector ended lower due to weak European cues. The Indian television industry is expected to grow 12% over the next five years to $15 billion.
Samsung raises its 2010 smartphone sales target to 25 million units from 18 million due to the popularity of its Galaxy S Android-based smartphone. It does not plan to introduce new models this year, hoping Galaxy S sales remain strong. The new direct tax code could significantly increase the number of global Indians subject to tax in India by changing the rules around tax residency and eliminating a loophole. It is expected to take effect on April 1, 2012. Indian IT companies oppose a proposed increase in visa fees for H1B and L1 visas, which they say would increase their costs by $200-250 million per year as most have more than half foreign workers.
The document provides updates on various topics related to public sector enterprises (PSEs) in India:
1) Investor interest in exchange traded funds (ETFs) has doubled since the new government took over in June 2014, reflecting optimism in the economy. The initiative to roll out ETFs around Central PSEs also helped boost interest.
2) The government has launched an initiative to provide over five dozen project approvals through a single online platform to make it easier to do business in India.
3) Several key positions in telecom PSUs like BSNL and MTNL have been vacant for months, despite the new government's focus on turning them around.
4) 34
Coal India had a successful initial public offering, with its stock price rising over 32% on the first day of trading. However, some analysts predict the gains may be difficult to sustain as speculators who borrowed money to invest may look to sell for a profit. Retail investors and others may look to buy dips in the stock price for long term investment in the company given its near monopoly in the Indian coal market. The US is expected to push for greater access to the Indian market during President Obama's visit, including further foreign direct investment reforms in retail and financial services to allow US companies to better access the consumer market in India.
Japan plans to double its investments in India over the next 5 years to over $35 billion. Japan and India signed a 5-point agenda to further trade, investment ties, and Asian economic integration. This includes developing Japanese industrial townships, infrastructure development, IT cooperation, and strategic sector cooperation. India-Japan bilateral trade was around $15 billion in 2014-15, with India's exports at $5 billion and imports at $9.3 billion. Japan is currently the 4th largest investor in India, and doubling investments would make it the 2nd or 3rd largest investor, after Mauritius and Singapore.
Assam has been facing an acute power shortage problem due to the vast gap between power demand and supply. The power demand in Assam has increased steeply over the last 3-4 years due to increased economic and development activities. Currently, the average peak demand is 1250 MW against available 700 MW, leaving a shortfall of 550 MW. While the state had planned to meet more demand through hydro power projects dependent on monsoon rains, insufficient rains this year have reduced hydro power generation. The state government has proposed several new thermal and hydro power projects that would require an investment of Rs. 7,996 crore to help meet the projected peak demand of 1752 MW by the end of the 12th plan period.
The mutual fund industry in India reported strong growth in 2012, with average AUM rising 15% to Rs. 7.87 trillion by December.
Debt funds saw particularly strong inflows of Rs. 613 billion, driving a 26% increase in debt AUM to Rs. 5.34 trillion. Equity funds
also grew, with a 19% rise in AUM to Rs. 1.92 trillion, supported by strong market returns. Long-term debt funds benefited from rate
cuts by the RBI and expectations of further easing. The industry remains top-heavy, with the top 10 funds accounting for 77% of
AUM. Regulators introduced several measures in 2012 aimed at
The document discusses the winter session of Parliament beginning on November 24th, with the government aiming to pass 67 pending bills. Key bills to be discussed include increasing FDI limits in insurance to 49% and GST constitutional amendment. It also summarizes Q2 FY15 results for Indian companies, noting a 41.8% rise in net profits due to lower costs, but only 5.9% sales growth, the slowest in 5 quarters. Stable rupee and lower commodity prices may aid margins going forward.
RBL Bank is one of the fast growing private banks in India. A detailed general environment analysis(PESTEL), Industry analysis(Porter's 5 forces), VRIO analysis carried to look at the strategy analysis and formulated strategy for different business verticals, as part of the Project in MBA
The document provides biographical details about Ajay Banga, the CEO and President of Mastercard. It discusses his educational background in India, career history including roles at Nestle India, PepsiCo, and Citigroup, and how he took over as CEO of Mastercard in 2010. It also mentions some of his accomplishments at Mastercard such as innovations in mobile payments and debit cards. Banga serves on several boards and has received recognition for his leadership and involvement in social issues.
Back in Limelight-“Saradha chit fund scam brings in focus deficiencies in Financial sector”
Steel Outlook
Moonsoon trend in India
Emerging Country-Turkey
Should India issue Sovergin Bonds
IDFC Bank provides a risk profiling report for a student. The report discusses various types of risks including systematic risk, unsystematic risk, credit risk, market risk, operational risk, and moral hazard. It analyzes IDFC Bank using a SWOT analysis and discusses the bank's mission, values, businesses, and industry landscape. The report also provides an overview of the growth and structure of banking in India.
The document discusses the impact of the Telangana statehood bill on the real estate market in Hyderabad and other cities in Andhra Pradesh. Real estate developers expressed mixed views on the bill and disappointment over the interim budget that provided no relief for the struggling real estate sector. The passage of the bill may increase demand and property prices in Hyderabad and other cities being considered for the new Andhra Pradesh capital.
Recent development of indian financial systemMohammadYusaf
The document discusses various recent developments in the Indian financial system. It mentions that the Supreme Court upheld the constitutional validity of the Aadhaar scheme. It also discusses the RBI setting up a regulatory sandbox for fintech and data science labs, IRDAI moving to a risk-based capital regime, and RBI increasing statutory liquidity ratio levels. It briefly summarizes the launch of the India Post Payments Bank and developments regarding blockchain, open market operations, a national logistics portal, and awards/approvals for banks and fintech companies.
Factors for survival of pawn broking in indiapraveen singh
This document discusses factors that have helped pawn broking survive in today's business environment where banks and other financial institutions offer loans using gold as collateral. It aims to study the approaches taken by pawn brokers to facilitate small credit needs. A literature review covers factors influencing customer selection of banks and financial institutions. Studies found service quality, interest rates, and social factors play a role. The document also discusses the traditional role of pawn brokers in India in providing credit and high interest rates charged. It aims to understand factors for the success of organized and unorganized lending in India through a study of 80 pawn brokers in Bangalore.
MARKET LEVERAGE OF REAL ESTATE FIRMS EMPIRICAL BEHAVIOURDinabandhu Bag
This document discusses a study on the market leverage of real estate firms in India. It begins with background on the growth of the real estate sector in India. It then reviews theories and prior studies on capital structure and leverage. The paper aims to examine the factors impacting the observed market leverage of 40 listed Indian property companies from 2005 to 2012. It finds that current market leverage is positively impacted by previous leverage as well as other firm characteristics like operating efficiency, growth options, and changes in working capital and cost of funds. The study indicates that transparency and accurate financial disclosure can help real estate firms access capital and maintain leverage.
The document discusses India's growing trade relationships and economic outlook. It notes that India is looking to the Middle East, US, and China as major trading partners in the next five years. As India builds its manufacturing capabilities, it will scale back commodity trading and shift more towards value added services. The pharmaceutical sector is highlighted as an important industry, with exports expected to reach $16.5 billion by the end of the 2014-15 fiscal year. The new Modi-led government in India is also working to improve the business environment and reduce taxation and regulatory burdens to attract more corporate investment. However, some challenges remain and it may take time for reforms to generate tangible results on the ground.
Funding and Partnering in Bio Pharma : Kapil Khandelwal, www.kapilkhandelwal....Kapil Khandelwal (KK)
This document discusses lessons for biotech companies in India regarding funding and partnering. It notes that while funding deals peaked in 2007 and declined in 2008, opportunities have not structurally changed. It provides tips for biotech leaders to better communicate with investors and partners. This includes understanding partner/investor preferences, balancing deal risk/reward, properly evaluating the company for fundraising, and utilizing advisory boards for expert feedback and guidance. While some opportunities remain, the sustainability of standalone mid-sized Indian biotechs is still uncertain.
SE Investments Limited is a non-banking financial company registered with the Reserve Bank of India that focuses primarily on microfinance. It is one of the top 10 microfinance institutions in India by total loans outstanding. Recently, two reputed foreign institutional investors - UK-based Elara Capital and Standard Chartered Bank - acquired stakes of 5.22% and 9.87% respectively in SEIL, recognizing its future growth potential in microfinance. Looking at this growth potential, the stock is currently available at an attractive valuation.
India Forum Oct 24, 2008 Indian Equities Markets Suffer Worst Ever LossesJagannadham Thunuguntla
Indian stock markets suffered their worst losses ever on Friday, with the Sensex closing down over 10% as large-scale selling by foreign investors exacerbated the fall. The RBI's decision to keep interest rates unchanged despite expectations of cuts also negatively impacted markets. Weak global cues, such as falls of over 7% in US and European futures markets, compounded the selling in India. Analysts believe recovery from this crisis could take 3-4 years as deleveraging from yen carry trades and a global liquidity crunch force more foreign selling.
Jennifer Branch was observed teaching a 2nd grade reading lesson on folktales. She demonstrated strong content knowledge and conveyed enthusiasm for the subject. Jennifer activated students' prior knowledge and supported their intellectual development. Her lesson was geared towards all learning abilities and she had high expectations. Jennifer used multiple teaching strategies and engaged students through critical thinking questions. She managed student behavior well and established a positive learning environment. The assessment of student understanding through a Venn diagram will help drive further instruction. Overall, Jennifer reflected thoughtfully and is establishing professional relationships to continue growing in her practice.
Japan plans to double its investments in India over the next 5 years to over $35 billion. Japan and India signed a 5-point agenda to further trade, investment ties, and Asian economic integration. This includes developing Japanese industrial townships, infrastructure development, IT cooperation, and strategic sector cooperation. India-Japan bilateral trade was around $15 billion in 2014-15, with India's exports at $5 billion and imports at $9.3 billion. Japan is currently the 4th largest investor in India, and doubling investments would make it the 2nd or 3rd largest investor, after Mauritius and Singapore.
Assam has been facing an acute power shortage problem due to the vast gap between power demand and supply. The power demand in Assam has increased steeply over the last 3-4 years due to increased economic and development activities. Currently, the average peak demand is 1250 MW against available 700 MW, leaving a shortfall of 550 MW. While the state had planned to meet more demand through hydro power projects dependent on monsoon rains, insufficient rains this year have reduced hydro power generation. The state government has proposed several new thermal and hydro power projects that would require an investment of Rs. 7,996 crore to help meet the projected peak demand of 1752 MW by the end of the 12th plan period.
The mutual fund industry in India reported strong growth in 2012, with average AUM rising 15% to Rs. 7.87 trillion by December.
Debt funds saw particularly strong inflows of Rs. 613 billion, driving a 26% increase in debt AUM to Rs. 5.34 trillion. Equity funds
also grew, with a 19% rise in AUM to Rs. 1.92 trillion, supported by strong market returns. Long-term debt funds benefited from rate
cuts by the RBI and expectations of further easing. The industry remains top-heavy, with the top 10 funds accounting for 77% of
AUM. Regulators introduced several measures in 2012 aimed at
The document discusses the winter session of Parliament beginning on November 24th, with the government aiming to pass 67 pending bills. Key bills to be discussed include increasing FDI limits in insurance to 49% and GST constitutional amendment. It also summarizes Q2 FY15 results for Indian companies, noting a 41.8% rise in net profits due to lower costs, but only 5.9% sales growth, the slowest in 5 quarters. Stable rupee and lower commodity prices may aid margins going forward.
RBL Bank is one of the fast growing private banks in India. A detailed general environment analysis(PESTEL), Industry analysis(Porter's 5 forces), VRIO analysis carried to look at the strategy analysis and formulated strategy for different business verticals, as part of the Project in MBA
The document provides biographical details about Ajay Banga, the CEO and President of Mastercard. It discusses his educational background in India, career history including roles at Nestle India, PepsiCo, and Citigroup, and how he took over as CEO of Mastercard in 2010. It also mentions some of his accomplishments at Mastercard such as innovations in mobile payments and debit cards. Banga serves on several boards and has received recognition for his leadership and involvement in social issues.
Back in Limelight-“Saradha chit fund scam brings in focus deficiencies in Financial sector”
Steel Outlook
Moonsoon trend in India
Emerging Country-Turkey
Should India issue Sovergin Bonds
IDFC Bank provides a risk profiling report for a student. The report discusses various types of risks including systematic risk, unsystematic risk, credit risk, market risk, operational risk, and moral hazard. It analyzes IDFC Bank using a SWOT analysis and discusses the bank's mission, values, businesses, and industry landscape. The report also provides an overview of the growth and structure of banking in India.
The document discusses the impact of the Telangana statehood bill on the real estate market in Hyderabad and other cities in Andhra Pradesh. Real estate developers expressed mixed views on the bill and disappointment over the interim budget that provided no relief for the struggling real estate sector. The passage of the bill may increase demand and property prices in Hyderabad and other cities being considered for the new Andhra Pradesh capital.
Recent development of indian financial systemMohammadYusaf
The document discusses various recent developments in the Indian financial system. It mentions that the Supreme Court upheld the constitutional validity of the Aadhaar scheme. It also discusses the RBI setting up a regulatory sandbox for fintech and data science labs, IRDAI moving to a risk-based capital regime, and RBI increasing statutory liquidity ratio levels. It briefly summarizes the launch of the India Post Payments Bank and developments regarding blockchain, open market operations, a national logistics portal, and awards/approvals for banks and fintech companies.
Factors for survival of pawn broking in indiapraveen singh
This document discusses factors that have helped pawn broking survive in today's business environment where banks and other financial institutions offer loans using gold as collateral. It aims to study the approaches taken by pawn brokers to facilitate small credit needs. A literature review covers factors influencing customer selection of banks and financial institutions. Studies found service quality, interest rates, and social factors play a role. The document also discusses the traditional role of pawn brokers in India in providing credit and high interest rates charged. It aims to understand factors for the success of organized and unorganized lending in India through a study of 80 pawn brokers in Bangalore.
MARKET LEVERAGE OF REAL ESTATE FIRMS EMPIRICAL BEHAVIOURDinabandhu Bag
This document discusses a study on the market leverage of real estate firms in India. It begins with background on the growth of the real estate sector in India. It then reviews theories and prior studies on capital structure and leverage. The paper aims to examine the factors impacting the observed market leverage of 40 listed Indian property companies from 2005 to 2012. It finds that current market leverage is positively impacted by previous leverage as well as other firm characteristics like operating efficiency, growth options, and changes in working capital and cost of funds. The study indicates that transparency and accurate financial disclosure can help real estate firms access capital and maintain leverage.
The document discusses India's growing trade relationships and economic outlook. It notes that India is looking to the Middle East, US, and China as major trading partners in the next five years. As India builds its manufacturing capabilities, it will scale back commodity trading and shift more towards value added services. The pharmaceutical sector is highlighted as an important industry, with exports expected to reach $16.5 billion by the end of the 2014-15 fiscal year. The new Modi-led government in India is also working to improve the business environment and reduce taxation and regulatory burdens to attract more corporate investment. However, some challenges remain and it may take time for reforms to generate tangible results on the ground.
Funding and Partnering in Bio Pharma : Kapil Khandelwal, www.kapilkhandelwal....Kapil Khandelwal (KK)
This document discusses lessons for biotech companies in India regarding funding and partnering. It notes that while funding deals peaked in 2007 and declined in 2008, opportunities have not structurally changed. It provides tips for biotech leaders to better communicate with investors and partners. This includes understanding partner/investor preferences, balancing deal risk/reward, properly evaluating the company for fundraising, and utilizing advisory boards for expert feedback and guidance. While some opportunities remain, the sustainability of standalone mid-sized Indian biotechs is still uncertain.
SE Investments Limited is a non-banking financial company registered with the Reserve Bank of India that focuses primarily on microfinance. It is one of the top 10 microfinance institutions in India by total loans outstanding. Recently, two reputed foreign institutional investors - UK-based Elara Capital and Standard Chartered Bank - acquired stakes of 5.22% and 9.87% respectively in SEIL, recognizing its future growth potential in microfinance. Looking at this growth potential, the stock is currently available at an attractive valuation.
India Forum Oct 24, 2008 Indian Equities Markets Suffer Worst Ever LossesJagannadham Thunuguntla
Indian stock markets suffered their worst losses ever on Friday, with the Sensex closing down over 10% as large-scale selling by foreign investors exacerbated the fall. The RBI's decision to keep interest rates unchanged despite expectations of cuts also negatively impacted markets. Weak global cues, such as falls of over 7% in US and European futures markets, compounded the selling in India. Analysts believe recovery from this crisis could take 3-4 years as deleveraging from yen carry trades and a global liquidity crunch force more foreign selling.
Jennifer Branch was observed teaching a 2nd grade reading lesson on folktales. She demonstrated strong content knowledge and conveyed enthusiasm for the subject. Jennifer activated students' prior knowledge and supported their intellectual development. Her lesson was geared towards all learning abilities and she had high expectations. Jennifer used multiple teaching strategies and engaged students through critical thinking questions. She managed student behavior well and established a positive learning environment. The assessment of student understanding through a Venn diagram will help drive further instruction. Overall, Jennifer reflected thoughtfully and is establishing professional relationships to continue growing in her practice.
Este documento define los paradigmas desde las perspectivas de Thomas Kuhn y George Ritzer. Un paradigma es una teoría científica ampliamente aceptada que provee modelos de problemas y soluciones. Ritzer agrega que un paradigma define el objeto de estudio de una ciencia, las preguntas que debe responder y las reglas para interpretar los resultados. Finalmente, se mencionan los paradigmas antropológicos y la influencia de la sociedad en el desarrollo individual.
El Padbol se originó en La Plata, Argentina en 2008 como una fusión de fútbol y pádel. Es un deporte dinámico y accesible con reglas simples que permite el uso de casi todo el cuerpo excepto las manos y brazos. Se juega en equipos de 2 en una cancha de 6x10 metros con paredes laterales y el objetivo es anotar puntos al estilo de tenis.
Os povos indígenas viviam no Brasil antes da chegada dos portugueses em 1500, que vieram buscando riquezas. Africanos foram trazidos como escravos a partir de 1533 para trabalhar. Os escravos sofriam em condições terríveis nas viagens entre a África e o Brasil, amontoados em porões de navios com pouca comida e higiene, e muitos não sobreviviam à travessia.
Este documento discute o racismo, definindo-o como a crença na superioridade de certas raças humanas sobre outras. Aborda os conceitos de raça e racismo, origens históricas do racismo como o Holocausto e o Apartheid, e tipos de racismo. Conclui que o racismo causa exclusão e humilhação das pessoas por sua raça, cultura ou religião.
This document provides an operational management report for the World Society for the Protection of Animals (WSPA) conference being held in Melbourne, including a budget projecting $54,077 in profit, details on logistics like venue, catering, agenda, and target market, as well as contingency plans and implementations for running the event successfully.
This marketing campaign aims to spread awareness of Microsoft's free Office 365 software for students and achieve 1 million downloads over 3 months. Key tactics include creating a video showing students using Office 365, advertising on Facebook and YouTube, and holding workshops at community centers. Progress will be tracked by monitoring social media views, signups, login counters, and a feedback form to determine which tactics are most effective. The $200,000 budget is allocated to video production, social media ads, and community center workshops. The objectives of awareness, downloads, and sustained usage will indicate the campaign's success in gaining new Office 365 users.
This short document appears to be a Haiku Deck presentation promoting the creation of Haiku Deck presentations on SlideShare. It contains two stock photos and text prompting the reader that they may be inspired to create their own Haiku Deck presentation.
The Tata group withdrew its application for a banking license in India, deciding that its current financial services model better supports its domestic and overseas strategy. This leaves 25 other applicants, including companies from the Aditya Birla, Bajaj, and Reliance groups, still in the running for new private banking licenses that the Reserve Bank of India is expected to issue. Some analysts believe the high capital requirements and regulations around priority sector lending deterred some large corporate groups from applying for a banking license.
The document discusses India's rising non-performing assets (NPAs) in the banking sector. It notes that NPAs have ballooned to over $180 billion, equal to 11.17 lakh crores rupees, primarily driven by rising corporate debt. A small number of large companies account for the majority of stressed assets. The rising NPAs pose significant risks to banks and require large capital infusions to meet regulatory requirements. In the short-term, resolution of NPAs will be challenging but consumption growth and economic reforms could help reduce debt issues in the medium to long-term.
The document provides a summary of top business news headlines from India. Some of the key stories included Eredene Capital making a partial exit from Sattva CFS, Gati seeking debt restructuring of over Rs. 300 crore, various retailers like Future Group and Lifestyle reporting high sales during Republic Day discounts, Facebook hiring Morgan Stanley to work on its upcoming IPO, Sai Security Printers receiving $7 million in funding from Aureos Capital, and the Supreme Court cancelling 122 telecom licenses issued after January 2008.
The document provides a summary of recent news headlines and developments in India's economy. It reports that Baring PE India is leading negotiations to acquire a majority stake in Future Capital, Cyrus Mistry has been re-designated as managing director of Tata Sons, and India has surpassed Japan to become the third largest economy in terms of purchasing power parity. It also summarizes other economic news including a writedown by Sistema in India, an alleged banking fraud at SBI, new infrastructure orders for KEC International, approved FDI proposals, and India's test of the Agni Five missile.
The two largest failed mergers and acquisitions deals of 2010 involved the Ambani brothers' companies, accounting for over 90% of the $27 billion total value of failed deals. Reliance Industries' $14.5 billion bid for LyondellBasell Industries and Reliance Communications' $10.8 billion merger with GTL Infra were the largest non-completions. Indian banks are expected to see declining interest margins by 2020, making fee income from investment banking more important to profitability. Apollo Hospitals plans to add over 3,000 beds across 50 hospitals over the next two years, with most expansion occurring in tier 1 and 2 cities.
Monthly report: While it's Hindi Chini Bhai Bhai in India, US Chants Namo Nam...IndiaNotes.com
What an eventful month first it was Chinese President #Xi #Jinping's India visit followed by the Prime Minister Mr. #Narendra Modi’s Visit to the USA. The Chinese President’s Visit resulted in a commitment of $20 billion dollars in a fast train corridor and a new strategic road.
The document discusses several topics related to globalization and its impact on Indian business and industry. It provides details on the meaning of globalization, its effects on the Indian industry since the 1990s, and how it has impacted specific industries such as automobile, sugar, banking, insurance, and aluminum. It also outlines some of the advantages and disadvantages of globalization.
This document provides an executive summary and industry monitors for banks, cement, and other sectors covered by Keynote Capitals Institutional Research for September 26, 2011. Some key highlights include the RBI lifting restrictions on foreign investment in two Indian banks, cement companies initiating price hikes, and the potential for increased coal imports to impact international coal prices. The banking monitor discusses interest rate changes by various banks and plans to expand private banking assets. The cement monitor covers an investigation into cement companies for alleged price fixing and further price increases.
Gold prices may reach Rs 22,000/10 gms by the end of the year due to large cash holdings by mutual funds waiting to invest and a lack of attractive options in the Eurozone and US economies. India lost $27 billion in cancelled merger deals this year, mostly from failed Reliance deals. The government expects to raise Rs 19,000 crore by the end of the fiscal year by selling stakes in ONGC and IOC. The RBI is expected to raise interest rates by 25 basis points at its next policy meeting. India dropped in the global competitiveness ranking to 51st due to weaknesses in education, health and infrastructure, despite strengths in financial markets and innovation. Vodafone remains confident it
The document summarizes recent news articles from ET News dated between 5th-11th September. It discusses how rising anti-outsourcing sentiment in the US could negatively impact the Indian IT industry. It also discusses gains in market capitalization of top Indian companies and expectations that the RBI will hike policy rates to curb inflation. Furthermore, it discusses expectations of rising gold prices by year-end and provides an overview of the new Ford Fiesta car.
The document summarizes recent economic and business news headlines from India. It discusses Loop Telecom's plans to wind down operations in areas where it lost licenses, the resolution of a legal battle between SEBI and MCX exchange, and Mahindra & Mahindra's plans to develop a hybrid vehicle for the Indian market. It also mentions the financial restructuring approved for Air India and recent industrial production numbers, which showed sluggish growth.
Adidas sets targets to overtake Nike as the largest sportswear company by 2015. It aims to grow sales to $24 billion by 2015, up two-thirds from 2009 levels. However, Nike is also aiming to reach $27 billion by 2015, so it will likely remain the market leader if both companies meet their targets.
The US criticized India's complicated FDI rules and non-tariff trade barriers. Several barriers like import licenses, standards and certifications, and local content requirements were noted. The Indian government is working to increase transparency and lower costs with a single FDI policy.
HDFC Life Insurance has postponed its listing plans until the government relaxes foreign investment norms in the life
July 2014 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
INDUSTRY ANALYSIS :Banking Industry
COMPANY ANALYSIS : ICICI Bank
Concept of the Month
Quiz
Did You Know?
news (Punjab college of technical education, ludhiana)jsmtkr1
Piramal completes the sale of its domestic formulations business in India to Abbott and will not engage in generic pharmaceutical business for the next eight years. The retail sector is seeing growth opportunities in tier 1 and 2 cities as consumer infrastructure and spending increases. Sun Pharma claims victory in its takeover battle for Taro after the Supreme Court of Israel ruled in its favor. The RBI is moving to deregulate interest rates on savings accounts, allowing banks to set their own rates. The government is proposing relaxing FDI rules to allow foreign investors to invest in existing joint ventures without impacting local partners. By 2020, Indian banks' mortgage balances are expected to exceed 40 trillion rupees but margins may decline, increasing the focus on
“We will be seeing a series of delistings because most of the foreign companies have a 10% float in India, which was just to comply with the norms,” says Jagannadham Thunuguntla, head of equities at SMC Capitals.
Jagannadham Thunuguntla of SMC Capitals Ltd, a Delhi-based brokerage, said the government is reading too much into the quality of its own companies. “They feel that these are good quality companies and investors will queue up to buy them. In the absence of good retail participation and FII (foreign institutional investor) money, the whole programme is becoming a joke. LIC and SBI subscribing to the shares is like the government moving money from one pocket to another,” he added.
EagleBank agreed to acquire Alliance Bankshares for $31.2 million to expand its presence in Northern Virginia. Cognizant agreed to acquire CoreLogic India, the India-based captive operations of CoreLogic, for $50 million plus potential adjustments, to expand its business process outsourcing services. DiamondRock Hospitality acquired the Courtyard Denver Downtown for $46 million, its second acquisition in Denver in two months. Jet Airways is evaluating a potential merger of its JetLite and Konnect brands into a single low-cost carrier. National Technical Systems acquired Ingenium Testing for $12.5 million in cash plus potential earnouts to expand its product compliance and engineering services. Express Scripts and Medco Health
The government has raised the ceiling for foreign investment in government and corporate bonds by $5 billion each to $10 billion and $20 billion respectively. This will ease pressure on banks to raise interest rates for funding infrastructure projects. Reliance Industries published annual reports of 94 of its 96 subsidiaries, increasing transparency but without details on 12 subsidiaries. Bank deposits saw their highest growth this year in September as interest rates on term deposits rose. The government reduced its gross borrowing for the current fiscal year by Rs. 10,000 crore to Rs. 4.47 lakh crore. Private equity firms Sandstone Capital and Sequoia Capital acquired a minority stake of under 10% in smartphone maker Micromax for approximately Rs.
The Reserve Bank of India has provided $800 million in refinancing to the Small Industrial Development Bank of India to ease liquidity stress for small businesses. New merger and acquisition guidelines for telecom companies make it easier for large players to acquire smaller rivals. The Piramal Group and Canada Pension Plan may partner to create one of India's largest real estate finance companies with a $500 million investment. Accel-backed Trivone Digital has acquired Godot Media to expand its digital content services offerings.
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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Business World 5 May 2010 Despite puny payday, banks vie for govt deals
1. Despite Puny Payday, Banks Vie For Govt Deals
Governments are not known for being the best paymasters, and few are as miserly as India
when it comes to paying investment banks to underwrite share sales by state companies.
Still, despite a payout that will do little more than cover costs, bankers from 20 institutions will
make their pitch in New Delhi this week to be among up to six chosen for a role in the $2.7
billion IPO by Coal India, the world's largest coal miner.
Given the poor performance of some recent state deals as India looks to sell down holdings in
roughly 60 companies over the next few years, the policy of paying rock-bottom fees may be
self-defeating.
Perhaps with that in mind, the government recently adjusted its criteria when selecting banks
and will in upcoming deals refrain from picking underwriters based on the lowest bid.
Instead, the government is assigning a 70 per cent weight to factors such as sector experience,
qualifications and marketing strategy, and 30 percent to fees, banking sources said.
The Department of Disinvestment, which handles asset sales, could not be reached for
comment.
Some recent share sales have paid banks fees of 0.07 per cent, according to sources and
reports, a fraction of what bankers working on deals for privately owned Indian firms or on state-
run sales in China could expect.
With teams of highly paid bankers to pay and costs to cover, from the investor marketing
roadshows to printing application forms, bankers say such fees are barely enough to meet
expenses.
"Sometimes we recover our costs, sometimes we don't," said a senior banker who has worked
on IPOs from state-run firms in the past and is also vying for the Coal India issue.
"It's a market share business. Everyone will be on Coal India, everyone will put their best foot
forward," he said.
While the chosen banks are unlikely to reap a fee windfall on the deal, which could be the
country's largest-ever IPO, they have little choice but to bid to gain league table standing, brand
recognition and follow-on business.
Usual Suspects
The list of banks invited to pitch for Coal India is split evenly between domestic and global
institutions, including usual suspects such as Citigroup, Morgan Stanley, Goldman Sachs and
UBS.
2. Given its size, Coal India is likely to attract more spirited interest from bankers than the $270
million follow-on offer from Engineers India. The government has issued a notice seeking up to
four banks to handle the Engineers India deal.
Earlier this year, state miner NMDC Ltd raised $2.2 billion in a follow-on share sale that made
virtually no money for the banks involved, according to sources with direct knowledge of the
deal.
The offer struggled to attract investor demand, as did the February sale of a $1.8 billion stake in
top electric utility NTPC in a deal that paid fees of 0.07 percent, according to a report by
brokerage SMC Capitals.
"Low fees for the public sector deals could be one of the reasons for the poor performance of
these issues," said Jagannadham Thunuguntla, head of equities at SMC Capitals.
"The motivation required for the banking team is not there."
Rural Electrification, which raised $760 million in a follow-on offer, also paid 0.07 percent,
according to SMC, split among five banks, or about $100,000 for each bank.
By comparison, the Hong Kong portion of Agricultural Bank of China's $30 billion IPO is
expected to generate fees of 1.5 to 2 per cent for banks.
Indian private sector firms are also comparatively generous.
Banks that led the $325 million IPO by developer DB Realty earned 2.13 per cent in fees, while
the $160 million offer by IL&FS Transportation yielded 2.86 per cent, according to SMC
Capitals.
Little Choice
Investment banks in India have little choice but to bid for state business, having aggressively
built up teams to capitalise on the fast-growing economy, often crowding into deals and
accepting low fees to win business.
The three largest Indian equity sales this year have been from state issuers. Local house Kotak
Mahindra worked on all three, while Citigroup, ICICI Securities and Royal Bank of Scotland
worked on two each.
Indian firms raised $20.2 billion from share sales in 2009, a near-tripling from a year earlier,
according to Thomson Reuters data. JP Morgan expects the total to reach as much as $30
billion this year.
Beyond Coal India and Engineers India, state issues in the pipeline this year include offerings
from Steel Authority of India Ltd and Hindustan Copper.
Besides gaining league table standing and brand recognition, banks justify doing cheap or loss-
making deals with the argument that they will lead to flow-based trading business in future and
open doors for follow-on deals.
It also doesn't hurt to be in the government's good graces.
3. "Banks do undercut fees because they want to get associated with the bigger deals and there
are not too many of them here in India," said a senior banker with another foreign bank.