"The government wants wider distribution of government debt in the hands of several FIIs, instead of having bigger impact of any single FII on government debt market," SMC Capitals Equity Head Jagannadham Thunuguntla said.
Industrial Development Bank of Pakistan (IDBP) was established in 1961 to provide term financing for manufacturing sector investments. [1] It operates 13 branches across Pakistan's provinces and territories. [2] IDBP provides medium and long-term financing for new industrial projects and expansions, and facilitates technology transfers. [3] It is wholly government-owned with a paid up capital of 500 million Pakistani rupees. [4] IDBP offers various loan, deposit, and merchant banking products and services. [5] The document analyzes IDBP's strengths, weaknesses, opportunities, and threats.
The State Bank of India (SBI) is a government-owned corporation and the largest bank in India. It was founded in 1955 and nationalized in 1969. SBI offers various banking and financial services and has over 14,000 branches across India. It has acquired several other banks over the years and has expanded into related businesses like credit cards, life insurance, and mutual funds. SBI reported revenue of Rs. 2.1 trillion and profit of Rs. 17,916 crore for the year 2014 with total assets of over Rs. 23 trillion and equity of Rs. 98,884 crore.
The State Bank of India has classified Kingfisher Airlines as a non-performing asset and in default because they have failed to repay loans of Rs. 1,457.78 crore to SBI. SBI, as the largest creditor in a consortium of banks that have lent over Rs. 6,000 crore to Kingfisher, has given the airline 90 days to repay Rs. 500 crore to upgrade its status, but Kingfisher remains in deep financial trouble and is facing regulatory action from aviation authorities for safety issues. The banks will find it difficult to provide more funds unless Kingfisher pays Rs. 100 crore to restore an invoked bank guarantee or makes good on other defaults.
The document is a weekly news report from 6-10 October 2010 submitted by Jasmeet Kaur. It summarizes several real estate and business news stories from the week, including that investors are looking to emerging markets for commercial real estate, Barclays acquiring a stake in Intelenet, Punj Lloyd winning a pipeline contract from GAIL, SpiceJet starting low cost flights between Delhi and Kathmandu, and DLF planning more luxury malls in cities like Hyderabad and Chennai.
News on banking sector for week ended 5 sept-2010pallavisaggar
The document summarizes recent news in the banking sector. It reports that SBI is discussing further mergers of its subsidiary banks. It also notes that the Direct Tax Code will come into effect a year late in April 2012, with increased income tax exemption limits. Banks are seeking to relax accounting norms from regulators to minimize the impact of pension and gratuity liabilities on their profits and reserves. The document also provides updates on ULIPs, IDBI removing minimum balances, PNB's expansion plans, and retailers seeking a cut in debit card processing fees.
Gold loan NBFCs plan to issue non-convertible debentures (NCDs) through public offers to overcome cash crunch caused by an RBI directive limiting private placement of debentures to investments of Rs. 25 lakh or more from a single investor. This prevents NBFCs from accepting deposits from retail investors. As gold loan business growth slows, NBFCs have no choice but to issue public NCDs and list them on stock exchanges to raise funds. They must also convert existing unlisted debentures into listed ones as they mature. Muthoot Finance, which has Rs. 10,000 crore in unlisted debentures, will issue another Rs. 500 crore of
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.
Industrial Development Bank of Pakistan (IDBP) was established in 1961 to provide term financing for manufacturing sector investments. [1] It operates 13 branches across Pakistan's provinces and territories. [2] IDBP provides medium and long-term financing for new industrial projects and expansions, and facilitates technology transfers. [3] It is wholly government-owned with a paid up capital of 500 million Pakistani rupees. [4] IDBP offers various loan, deposit, and merchant banking products and services. [5] The document analyzes IDBP's strengths, weaknesses, opportunities, and threats.
The State Bank of India (SBI) is a government-owned corporation and the largest bank in India. It was founded in 1955 and nationalized in 1969. SBI offers various banking and financial services and has over 14,000 branches across India. It has acquired several other banks over the years and has expanded into related businesses like credit cards, life insurance, and mutual funds. SBI reported revenue of Rs. 2.1 trillion and profit of Rs. 17,916 crore for the year 2014 with total assets of over Rs. 23 trillion and equity of Rs. 98,884 crore.
The State Bank of India has classified Kingfisher Airlines as a non-performing asset and in default because they have failed to repay loans of Rs. 1,457.78 crore to SBI. SBI, as the largest creditor in a consortium of banks that have lent over Rs. 6,000 crore to Kingfisher, has given the airline 90 days to repay Rs. 500 crore to upgrade its status, but Kingfisher remains in deep financial trouble and is facing regulatory action from aviation authorities for safety issues. The banks will find it difficult to provide more funds unless Kingfisher pays Rs. 100 crore to restore an invoked bank guarantee or makes good on other defaults.
The document is a weekly news report from 6-10 October 2010 submitted by Jasmeet Kaur. It summarizes several real estate and business news stories from the week, including that investors are looking to emerging markets for commercial real estate, Barclays acquiring a stake in Intelenet, Punj Lloyd winning a pipeline contract from GAIL, SpiceJet starting low cost flights between Delhi and Kathmandu, and DLF planning more luxury malls in cities like Hyderabad and Chennai.
News on banking sector for week ended 5 sept-2010pallavisaggar
The document summarizes recent news in the banking sector. It reports that SBI is discussing further mergers of its subsidiary banks. It also notes that the Direct Tax Code will come into effect a year late in April 2012, with increased income tax exemption limits. Banks are seeking to relax accounting norms from regulators to minimize the impact of pension and gratuity liabilities on their profits and reserves. The document also provides updates on ULIPs, IDBI removing minimum balances, PNB's expansion plans, and retailers seeking a cut in debit card processing fees.
Gold loan NBFCs plan to issue non-convertible debentures (NCDs) through public offers to overcome cash crunch caused by an RBI directive limiting private placement of debentures to investments of Rs. 25 lakh or more from a single investor. This prevents NBFCs from accepting deposits from retail investors. As gold loan business growth slows, NBFCs have no choice but to issue public NCDs and list them on stock exchanges to raise funds. They must also convert existing unlisted debentures into listed ones as they mature. Muthoot Finance, which has Rs. 10,000 crore in unlisted debentures, will issue another Rs. 500 crore of
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 document summarizes recent news in the Indian banking sector. It discusses special deposit schemes introduced by 14 banks with higher interest rates. It mentions that the EPFO will pay a 9.5% rate for 2010-2011 after discovering hidden surpluses. It also notes that SBI is considering forming a holding company structure for its banks and subsidiaries. RBI may tighten key interest rates in an upcoming policy review. ICICI is fully integrating employees from an acquired bank. Another item discusses an initiative between Oxigen and SBI to expand banking access in rural areas. Finally, it mentions that food inflation has risen to 15% due to supply constraints from heavy rains in some regions.
- Government statistics show that foreign tourist arrivals in India in August declined to 3.82 lakh compared to 4.52 lakh in July, with lower numbers expected for the Commonwealth Games than the 90,000 that visited Melbourne.
- Hotels in cities hosting the Games are feeling the impact through reduced bookings and may have to lower room rates.
- Axis Bank has launched an instant money transfer service that allows funds transfer even if the beneficiary does not have a bank account, targeting migrant workers and students.
- HDFC has reintroduced a dual fixed rate home loan scheme with rates of 8.5% until this fiscal year and 9.5% for FY12, to be linked
FRDI (Financial Resolution And Deposit Insurance)Srujith Reddy
The Union Cabinet chaired by Prime Minister Narendra had approved the proposal to introduce a Financial Resolution and Deposit Insurance (FRDI) Bill in June 2017.
Vodafone Essar operates telecom services in 23 circles in India. It is owned 67% by Vodafone and 33% by Essar Group. In 2007, Vodafone acquired a 67% controlling stake in Hutch-Essar for $11.1 billion. Hutch Essar was rebranded as Vodafone in September 2007. As of February 2009, Vodafone Essar had over 65 million subscribers, comprising 17.4% of India's total cellular subscriber base at the time.
News {Punjab college of technical education Ludhiana}jsmtkr1
- HSBC is in talks to buy a controlling 70% stake in Nedbank Group, South Africa's fourth largest bank, from Old Mutual for about $2.33 billion. This would allow HSBC to expand its presence in Africa.
- The Indian Cabinet approved the Direct Taxes Code Bill, which aims to reduce tax rates but expand the tax base by minimizing exemptions. It proposes treating some pension funds under the EEE (Exempt-Exempt-Exempt) method of taxation.
- To ease pressure on Delhi, the Indian government directed neighboring states to develop counter magnet cities identified by the government to reduce migration to large cities like Delhi.
Agos Itafinco, an Italian consumer credit company, recently securitized 516 million euros of consumer loans using an older securitization law instead of the standard Law 130 from 1999. Agos and its adviser Credit Agricole Indosuez claim the older method provides more flexibility and lower costs than the newer law. While a more complicated process, it allowed Agos to offload loans without affecting capital requirements. The companies plan to use the same older structure for another billion euro securitization next year.
The document discusses several announcements that will have positive impacts for the banking and financial services sectors in India. It notes that raising the savings bank interest tax deductible amount to Rs. 10,000 will improve bank deposits. Increasing the limit for tax-free bond issuance to Rs. 60,000 crore will provide more cost-effective funding for organizations like NHAI, IRFC, and NHB. A new equity savings scheme offering a 50% income tax deduction is also introduced to deepen capital markets and boost retail participation in equities.
1) The finance minister asked long-term US investors to start investing in India without delay as the country's growth story is strong and all outstanding issues are under consideration.
2) The union cabinet approved an intellectual property cooperation pact between India and Japan that will automatically renew every four years.
3) SEBI adopted e-route for service of notice by adjudicating officers and allowed service via email and fax.
The document summarizes the collapse of the Punjab and Maharashtra Cooperative (PMC) Bank in India. It describes how the bank's loans to Housing Development and Infrastructure Limited (HDIL) group reached unsustainable levels, accounting for over 70% of PMC's loan book, and how bank officials hid this exposure for over 10 years. When HDIL defaulted on loans of around Rs 6,500 crore, it caused a liquidity crisis at PMC Bank and led to regulatory restrictions on deposit withdrawals. The collapse devastated thousands of depositors and exposed weaknesses in banking regulation.
The document summarizes key highlights from the Union Budget 2015 in India. It covers 10 areas: 1) Taxation, 2) Agriculture, 3) Infrastructure, 4) Education, 5) Defence, 6) Welfare Schemes, 7) Renewable Energy, 8) Tourism, 9) Gold, and 10) Financial Sector. Some major points include reducing the corporate tax rate, increasing rural infrastructure funding, allocating more funds for education and defence, expanding welfare programs, and setting renewable energy targets.
A consortium of investors, including RDIF, Russia's sovereign wealth fund, Mubadala Investment Company (UAE), and other investors, including Baring Vostok Private Equity Fund IV, Flashpoint VC, RTP Global and Winter Capital, have reached an agreement to invest c.$40m in ivi, the leading Russian OTT Video on Demand service.
The document discusses a meeting of the CRUG (Content and Resource User Group) on April 5th, 2012 at 11:30AM at NBBJ. The topic of the meeting was "Family Matters" and included discussions on how members' families are, as well as examples of using parametric and intelligent families in Revit for structures like a line pavilion, soccer ball, and egg.
Los primeros años de vida, especialmente los tres primeros, son fundamentales para el desarrollo infantil y el aprendizaje, cuando los niños aprenden más rápidamente. Durante este período, los bebés y niños pequeños se desarrollan y aprenden con mayor rapidez cuando reciben amor, atención y estímulos mentales, así como una buena alimentación y atención médica. Todos los niños tienen derecho a ser registrados al nacer, recibir atención médica, educación y protección contra el maltrato y la discrimin
The document discusses solar studies for three building projects - the Fashion Institute of Design and Merchandizing in Los Angeles, the Red Bull Arena in Harrison, and the United States Tennis Association Headquarters. Diagrams show solar angles at different times of day on the solstices and equinoxes to analyze shading and sunlight access.
The document describes several parametric and customizable families including a portable stair with adjustable slope, a table with a parametrically varying diameter and number of chairs, a trellis with customizable bay widths and column heights, bathroom accessories made to Bobrick's specifications, and customized railing and stair systems for a stadium project. Customized system families allow for variable width and length in a trellis and detail views of railings.
Rural marketing capital inputs AgricultureShahzad Khan
KBL is a manufacturer of diesel engines and pumps that supplies agricultural machinery. It produces around 10 lakh irrigation pumps annually, with borewell pumps from 2-30hp making up 40-50% of sales. Rural India has around 89 million farmer households, most with small landholdings, and non-irrigated farming accounts for 67% of cultivated area and one third the yields of irrigated land. KBL has a 2% market share in India's INR 7000 crore pump market and is focusing on expanding its distribution network and outreach programs to educate farmers on water and electricity conservation.
The document outlines the store operation process, beginning with the receipt of goods. It discusses inspecting incoming goods, marking them for identification, and placing them in storage. It then covers placing goods on the sales floor using various merchandising techniques like brand displays and eye-level placement. The document also discusses tools for sales promotion like discounts, cross-promotion, and multi-packs. Finally, it briefly covers pricing techniques such as markups, markdowns, odd pricing, and strategic pricing.
Young Chartered Accountants - New Age CAs, A New Age PowerNeha Sharma
The profession of chartered accountants has enrolled a large number of students in last 7 years and accordingly the number of young bright students who are qualifying as chartered accountants has also grown significantly. This is being seen as a major challenge for the entire profession. We perceive this as a major opportunity not only for the profession, the young chartered accountants, and young C.A. students but also for the entire nation - our motherland INDIA.
INDIAN ECONOMY: CHALLENGES AND EXPECTATIONSNeha Sharma
The Reserve Bank of India has recently released a small dose of liquidity by reducing Cash Reserve Ratio (CRR) by 0.5% for the commercial banks. Government borrowings have swallowed significant resources from the banking sector in recent months. The Liquidity with banking sector is still a major issue.
Yes Bank has launched a new fixed deposit product linked to the repo rate, offering interest rates from 1.1% to 1.6% depending on the tenure. SEBI will allow mutual funds to accept new investments in international schemes up to 2-3% of the $7 billion limit. SEBI has also directed mutual funds to discontinue bundling insurance with SIP schemes and AMCs are preparing to launch new mutual fund schemes next month as the 3-month ban on new launches ends.
The document summarizes recent news in the Indian banking sector. It discusses special deposit schemes introduced by 14 banks with higher interest rates. It mentions that the EPFO will pay a 9.5% rate for 2010-2011 after discovering hidden surpluses. It also notes that SBI is considering forming a holding company structure for its banks and subsidiaries. RBI may tighten key interest rates in an upcoming policy review. ICICI is fully integrating employees from an acquired bank. Another item discusses an initiative between Oxigen and SBI to expand banking access in rural areas. Finally, it mentions that food inflation has risen to 15% due to supply constraints from heavy rains in some regions.
- Government statistics show that foreign tourist arrivals in India in August declined to 3.82 lakh compared to 4.52 lakh in July, with lower numbers expected for the Commonwealth Games than the 90,000 that visited Melbourne.
- Hotels in cities hosting the Games are feeling the impact through reduced bookings and may have to lower room rates.
- Axis Bank has launched an instant money transfer service that allows funds transfer even if the beneficiary does not have a bank account, targeting migrant workers and students.
- HDFC has reintroduced a dual fixed rate home loan scheme with rates of 8.5% until this fiscal year and 9.5% for FY12, to be linked
FRDI (Financial Resolution And Deposit Insurance)Srujith Reddy
The Union Cabinet chaired by Prime Minister Narendra had approved the proposal to introduce a Financial Resolution and Deposit Insurance (FRDI) Bill in June 2017.
Vodafone Essar operates telecom services in 23 circles in India. It is owned 67% by Vodafone and 33% by Essar Group. In 2007, Vodafone acquired a 67% controlling stake in Hutch-Essar for $11.1 billion. Hutch Essar was rebranded as Vodafone in September 2007. As of February 2009, Vodafone Essar had over 65 million subscribers, comprising 17.4% of India's total cellular subscriber base at the time.
News {Punjab college of technical education Ludhiana}jsmtkr1
- HSBC is in talks to buy a controlling 70% stake in Nedbank Group, South Africa's fourth largest bank, from Old Mutual for about $2.33 billion. This would allow HSBC to expand its presence in Africa.
- The Indian Cabinet approved the Direct Taxes Code Bill, which aims to reduce tax rates but expand the tax base by minimizing exemptions. It proposes treating some pension funds under the EEE (Exempt-Exempt-Exempt) method of taxation.
- To ease pressure on Delhi, the Indian government directed neighboring states to develop counter magnet cities identified by the government to reduce migration to large cities like Delhi.
Agos Itafinco, an Italian consumer credit company, recently securitized 516 million euros of consumer loans using an older securitization law instead of the standard Law 130 from 1999. Agos and its adviser Credit Agricole Indosuez claim the older method provides more flexibility and lower costs than the newer law. While a more complicated process, it allowed Agos to offload loans without affecting capital requirements. The companies plan to use the same older structure for another billion euro securitization next year.
The document discusses several announcements that will have positive impacts for the banking and financial services sectors in India. It notes that raising the savings bank interest tax deductible amount to Rs. 10,000 will improve bank deposits. Increasing the limit for tax-free bond issuance to Rs. 60,000 crore will provide more cost-effective funding for organizations like NHAI, IRFC, and NHB. A new equity savings scheme offering a 50% income tax deduction is also introduced to deepen capital markets and boost retail participation in equities.
1) The finance minister asked long-term US investors to start investing in India without delay as the country's growth story is strong and all outstanding issues are under consideration.
2) The union cabinet approved an intellectual property cooperation pact between India and Japan that will automatically renew every four years.
3) SEBI adopted e-route for service of notice by adjudicating officers and allowed service via email and fax.
The document summarizes the collapse of the Punjab and Maharashtra Cooperative (PMC) Bank in India. It describes how the bank's loans to Housing Development and Infrastructure Limited (HDIL) group reached unsustainable levels, accounting for over 70% of PMC's loan book, and how bank officials hid this exposure for over 10 years. When HDIL defaulted on loans of around Rs 6,500 crore, it caused a liquidity crisis at PMC Bank and led to regulatory restrictions on deposit withdrawals. The collapse devastated thousands of depositors and exposed weaknesses in banking regulation.
The document summarizes key highlights from the Union Budget 2015 in India. It covers 10 areas: 1) Taxation, 2) Agriculture, 3) Infrastructure, 4) Education, 5) Defence, 6) Welfare Schemes, 7) Renewable Energy, 8) Tourism, 9) Gold, and 10) Financial Sector. Some major points include reducing the corporate tax rate, increasing rural infrastructure funding, allocating more funds for education and defence, expanding welfare programs, and setting renewable energy targets.
A consortium of investors, including RDIF, Russia's sovereign wealth fund, Mubadala Investment Company (UAE), and other investors, including Baring Vostok Private Equity Fund IV, Flashpoint VC, RTP Global and Winter Capital, have reached an agreement to invest c.$40m in ivi, the leading Russian OTT Video on Demand service.
The document discusses a meeting of the CRUG (Content and Resource User Group) on April 5th, 2012 at 11:30AM at NBBJ. The topic of the meeting was "Family Matters" and included discussions on how members' families are, as well as examples of using parametric and intelligent families in Revit for structures like a line pavilion, soccer ball, and egg.
Los primeros años de vida, especialmente los tres primeros, son fundamentales para el desarrollo infantil y el aprendizaje, cuando los niños aprenden más rápidamente. Durante este período, los bebés y niños pequeños se desarrollan y aprenden con mayor rapidez cuando reciben amor, atención y estímulos mentales, así como una buena alimentación y atención médica. Todos los niños tienen derecho a ser registrados al nacer, recibir atención médica, educación y protección contra el maltrato y la discrimin
The document discusses solar studies for three building projects - the Fashion Institute of Design and Merchandizing in Los Angeles, the Red Bull Arena in Harrison, and the United States Tennis Association Headquarters. Diagrams show solar angles at different times of day on the solstices and equinoxes to analyze shading and sunlight access.
The document describes several parametric and customizable families including a portable stair with adjustable slope, a table with a parametrically varying diameter and number of chairs, a trellis with customizable bay widths and column heights, bathroom accessories made to Bobrick's specifications, and customized railing and stair systems for a stadium project. Customized system families allow for variable width and length in a trellis and detail views of railings.
Rural marketing capital inputs AgricultureShahzad Khan
KBL is a manufacturer of diesel engines and pumps that supplies agricultural machinery. It produces around 10 lakh irrigation pumps annually, with borewell pumps from 2-30hp making up 40-50% of sales. Rural India has around 89 million farmer households, most with small landholdings, and non-irrigated farming accounts for 67% of cultivated area and one third the yields of irrigated land. KBL has a 2% market share in India's INR 7000 crore pump market and is focusing on expanding its distribution network and outreach programs to educate farmers on water and electricity conservation.
The document outlines the store operation process, beginning with the receipt of goods. It discusses inspecting incoming goods, marking them for identification, and placing them in storage. It then covers placing goods on the sales floor using various merchandising techniques like brand displays and eye-level placement. The document also discusses tools for sales promotion like discounts, cross-promotion, and multi-packs. Finally, it briefly covers pricing techniques such as markups, markdowns, odd pricing, and strategic pricing.
Young Chartered Accountants - New Age CAs, A New Age PowerNeha Sharma
The profession of chartered accountants has enrolled a large number of students in last 7 years and accordingly the number of young bright students who are qualifying as chartered accountants has also grown significantly. This is being seen as a major challenge for the entire profession. We perceive this as a major opportunity not only for the profession, the young chartered accountants, and young C.A. students but also for the entire nation - our motherland INDIA.
INDIAN ECONOMY: CHALLENGES AND EXPECTATIONSNeha Sharma
The Reserve Bank of India has recently released a small dose of liquidity by reducing Cash Reserve Ratio (CRR) by 0.5% for the commercial banks. Government borrowings have swallowed significant resources from the banking sector in recent months. The Liquidity with banking sector is still a major issue.
Yes Bank has launched a new fixed deposit product linked to the repo rate, offering interest rates from 1.1% to 1.6% depending on the tenure. SEBI will allow mutual funds to accept new investments in international schemes up to 2-3% of the $7 billion limit. SEBI has also directed mutual funds to discontinue bundling insurance with SIP schemes and AMCs are preparing to launch new mutual fund schemes next month as the 3-month ban on new launches ends.
The Indian profession of Chartered Accountants has in recent past faced a large number of challenges including aspersions on their integrity and independence arising out of certain large scale financial frauds and manipulation of financial statements by banks, investment banks and large companies outside India including companies like Satyam in India. The Institute of Chartered Accountants of India have severely punished those who were found guilty in various financial frauds and even removed certain chartered accountants found guilty for Satyam scam for their life from the membership of the Institute. Most of these corporate failures did not had any Indian origin CA firm as their Auditors.
The document discusses various real estate and finance news stories from India, including Yatra Capital investing $1 billion in Indian realty, Allahabad Bank lowering home loan rates, and ICICI Bank setting up a $2 billion infrastructure fund. It also covers new real estate plans and ventures such as Kshitij Investment establishing seven "market cities" and regional realty news from states like Haryana, Uttar Pradesh, and Delhi. International realty news on investments in India by foreign firms is presented as well.
IDBI-led consortium is looking to sell over 38% stake in domestic ratings agency CARE for more than $140 million. Wipro invests $19 million in two undisclosed tech startups. Piramal Enterprises and CPPIB form a $500 million JV to offer rupee debt funding to residential projects in major Indian cities. PubMatic raises $13 million in fresh funding and plans for a billion dollar IPO. WestBridge adds $325 million to its Crossover Fund, increasing its assets under management to over $1 billion.
INDIAN ECONOMY LOOKING FOR DIRECTION FOR INDIA TO SHINE AGAINNeha Sharma
The Indian economy is in the threshold of a big leap towards India shining once again, but the main stumbling block being a sense of confusion about government policies, scarcity of low cost adequate money for funding further investments and most importantly India Inc. awaiting for specific policy decisions and creative actions in the areas which has been adversely impacted due to lack of policy initiative.
The document discusses qualified institutional placement (QIP), a capital raising tool used primarily in India and parts of southern Asia whereby listed companies can issue equity shares, convertible debentures, or other securities to qualified institutional buyers. It introduces QIP as a mechanism for listed Indian companies to raise funds domestically rather than overseas, provides details on eligible investors and issuers, benefits over other funding methods, and examples of recent QIP issuances by Indian banks and companies.
Qualified Institutional Placement capital raising toolAritra Banerjee
The document discusses qualified institutional placement (QIP), a capital raising tool used primarily in India and parts of southern Asia whereby a listed company can issue securities convertible to equity shares to qualified institutional buyers. It introduces QIP as a mechanism introduced by SEBI in 2006 to allow Indian companies to raise funds domestically from expert institutional investors rather than relying on foreign capital, and provides details on the QIP process, eligible investors, benefits over other funding options, and examples of recent QIP fundraisings.
1) Deutsche Bank received a stay order from the Delhi High Court preventing Vishal Retail from selling assets, putting its planned sale to Shriram Group and TPG in question. Deutsche Bank and its asset management arm are lenders to Vishal Retail.
2) Heavy rains have dampened sales for Coca-Cola and PepsiCo in India as impulse buying declined. Both companies reported lower volume growth compared to previous quarters.
3) While Indian stock indices rose past 20,000, broader market movements indicated investors are locking in profits rather than waiting for further gains, still nursing losses from 2008. Global funds have invested $16 billion in Indian equities this year.
The State Bank of India is likely to announce pricing this week for its 500 million Eurobond issue. It has appointed six European banks, including Deutsche Bank and HSBC, to help raise funds.
Bank of Baroda has increased interest rates on certain retail term deposits by up to 75 basis points, with the highest increases for deposits between 271 days to 1 year or 1 to 443 days.
Emami is prepared to spend up to Rs. 1,000 crore on an overseas acquisition in personal care, after acquiring an Egyptian company earlier this year, to expand its international presence.
The government has approved splitting ONGC shares two-for-one to make the stock more affordable for retail investors ahead of a
1) SEBI has launched an investigation into Nippon India Mutual Fund's investments in YES Bank between 2016-2019, suspecting misuse of investor funds.
2) Despite market volatility, SIP collections surged 31% to Rs. 1.5 lakh crores in 2022 due to higher retail participation.
3) The plot of the Tamil movie "Thunivu" inaccurately portrays mutual funds as ponzi schemes, sparking regulatory concerns.
The document discusses reforms needed for India's financial system. It notes that India's financial system is underdeveloped but its economy has made progress. Key steps discussed to mobilize funds more effectively include: increasing bank penetration in India by reducing dormant accounts and encouraging debit card usage; reducing the cost of bank intermediation by improving property rights and contract enforcement; lowering the fiscal deficit by cutting government spending or increasing taxes; and developing capital markets through investor education, innovative products, and encouraging domestic institutional investment. Overall the recommendations are for India to capture more savings, privatize industries, reduce subsidies, improve tax collection, and create a more organized business environment to strengthen its financial system.
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
SEBI plans to conduct a forensic audit of all 44 mutual funds to examine their due diligence practices regarding investments in illiquid securities and risk management. FPIs continued their selling streak in Indian equities by withdrawing Rs. 9,600 crore in February due to higher valuations of domestic stocks. HDFC AMC launched its first AIF product targeting investments in VC and PE funds, while Aditya Birla Sun Life MF launched a new index fund tracking the CRISIL IBX SDL Jun 2032 Index.
The weekly market news document summarizes the following key points in 3 sentences:
Inflation in India breached the RBI's tolerance level in January, rising to 6.52% due to a spike in food prices. SEBI directed mutual funds to incorporate GST and transaction costs into total expense ratios to make funds more cost effective for investors. India is setting up a $4 billion backstop fund administered by SBI Mutual Fund to provide liquidity to the corporate debt market during periods of stress.
This investor presentation provides an overview of the Indian real estate market and Nitesh Estates company. The real estate market in India is growing rapidly and expected to reach $180 billion by 2020 due to urbanization and government initiatives. Nitesh Estates has experienced steady growth since 2004, developing over 4.5 million square feet of residential and commercial space. It has an experienced board and long term institutional investors. The company's strategic direction is to diversify revenue streams, expand rental income, explore new verticals, and manage a sustainable debt level.
The Securities and Exchange Board of India (SEBI) is expected to amend the rules governing real estate investment trusts (REITs) to attract foreign institutional investors (FIIs) and high-net-worth individuals (HNIs). A new set of relaxed guidelines may be announced to make REIT investments easier for wealthy Indians and international investors. The amended REIT format will exclude retail investors as the liberalized guidelines may be too risky for those with lower risk tolerance. Indian regulators are looking to revise REIT guidelines to draw foreign investment and support the declining rupee.
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.
Similar to UTVI News September 8, 2009 Sebi Allocates Rs 8,000 Crore Govt Debt To 12 FIIs (20)
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
UTVI News September 8, 2009 Sebi Allocates Rs 8,000 Crore Govt Debt To 12 FIIs
1. SEBI allocates Rs 8,000 crore govt debt to 12 FIIs
8 Sep 2009, 2248 hrs IST, PTI
MUMBAI: SEBI allocated Rs 8,000 crore of government debt to 12 foreign institutional
investors and their sub-accounts, including JP Morgan Chase Bank, Barclays Bank, Standard
Chartered Bank, in an open bidding platform that took place on the NSE platform today.
JP Morgan Chase Bank, Barclays Bank, Standard Chartered Bank and Copthall Mauritius
Investment were allocated Rs 800 crore of government debt each, the Securities and Exchange
Board of India (SEBI) said in a statement.
Deutsche Bank International, Citicorp Investment Bank, BNP Paribas, Nomura Mauritius,
Schroder International Selection Fund and Bank of America Singapore successfully bid for Rs
750 crore of government debt each.
These debts were allocated to FIIs after they were left unutilised under the investment limits for
government debt set for FIIs. The government has set a ceiling of USD 8 billion of government
debt for FIIs.
On September 4, SEBI had cut the investment limit for an FII in government debt to Rs 800
crore from Rs 1,000 crore.
"The government wants wider distribution of government debt in the hands of several FIIs,
instead of having bigger impact of any single FII on government debt market," SMC Capitals
Equity Head Jagannadham Thunuguntla said.
Fund Advisors (UK) and DBS Bank were allocated government debt worth Rs 250 crore and Rs
50 crore respectively.
These would have to be utilised by the allocated entities within 45 days of the allocation, the
regulator said.