Sensex gains marginally; banking stocks soar
Published Saturday, September 30, 2006 by Money Man Mike.
However, very strong gains for the banking stocks and positive trend across Asia held the indices up.
Indices opened the day with modest gains but slipped soon after. Nifty October futures closed at a premium of 12 points to the spot index.
The Bank Nifty was the best performing sectoral index, rallying nearly 4 per cent.
Tagged: investments
Africa seeks $17-bn Indian investment
Published Wednesday, September 27, 2006 by Money Man Mike.
According to sources, the 350-member delegation will, apart from seeking investment, ask for technology support from India Inc in sectors like oil, infrastructure, telecom, agriculture, mining, education, construction, food-processing, IT (hardware and software) and healthcare?in 16 African countries.
Tagged: investments
Foreign investments now over 80% of net inflows
Published Sunday, September 10, 2006 by Money Man Mike.
More than 80% of net capital inflows into India in FY06 were foreign investments, compared to 46% in FY05. The increase was primarily because of portfolio investments, which accounted for half of the net capital flows into the country in FY06, compared to 30% the previous year.
Tagged: [existing_link:cb0440a14ab3b552a7bc873c830a4cbf]
Union Bank lures investors with 8% interest on deposits
Published by Money Man Mike.
New Delhi: Like peers in the banking sector, Union Bank of India on Friday launched a new deposit scheme to attract small investors by giving 8 per cent interest and 8.5 per cent to senior citizens.
Dhingra said the funds will be utilised to give more loans to customers as credit growth is robust.
Tagged: investment
Coop bank investments under RBI lens
Published Thursday, September 07, 2006 by Money Man Mike.
The Reserve Bank of India (RBI) has asked state cooperative banks (StCBs) and district central cooperative banks (DCCBs) to conduct monthly audit of treasury transactions, following detection of irregularities in their investment portfolios.
Tagged: investments
Bond yields plummet ahead of monetary review
Published Monday, September 04, 2006 by Money Man Mike.
The Mumbai inter-bank forward offered rate (MIFOR) for six months closed at 6.56% as against 6.74% on Thursday, and the Mumbai rupee overnight offered rate (MITOR) based on the cash-spot dollar rupee premium was 5.72%, compared to Thursday?s closing levels of 5.91%.
Tagged: [existing_link:cb0440a14ab3b552a7bc873c830a4cbf]
IFC looks for more space in core sector
Published Friday, September 01, 2006 by Money Man Mike.
India continues to stay high on the list of global private equity investors, with $2-3bn or more waiting to be invested in the country.
However, these investments have not entered the country as increasing number of Indian companies are meeting their fund requirenments by tapping domestic and overseas markets.
Tagged: investments
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Last posts
- Sensex gains marginally; banking stocks soar
- Africa seeks $17-bn Indian investment
- Foreign investments now over 80% of net inflows
- Union Bank lures investors with 8% interest on deposits
- Coop bank investments under RBI lens
- Bond yields plummet ahead of monetary review
- IFC looks for more space in core sector
- RBI allows PDs to invest and trade in equity
- Corporate loan rates are set to rise
- Indian shares slip in volatile trading, reversing early gains