India Business

ICICI Prudential MF announces changes in debt schemes

Fri, 03 Jul 2009 12:42:17 GMT

ICICI Prudential Mutual Fund have approved the following changes under the Schemes in terms of the enabling provisions of the Scheme Information Document of the schemes.

Post from: First Blog for Indian Financial Market

RSS Management

Sat, 04 Jul 2009 12:31:56 GMT

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Gujarat Alkalies full-year net down 14%

Fri, 03 Jul 2009 18:30:00 GMT

Gandhinagar, July 3State-owned Gujarat Alkalies and Chemicals Ltd (GACL) said its profit after tax for the financial year ending March 31, 2009 decreased by 14.28 per cent to Rs 192.27 crore compared with the previous fiscal?s Rs 224.08

Post from: First Blog for Indian Financial Market

Ashok Leyland bags order worth 300 crores

Fri, 03 Jul 2009 11:47:58 GMT

Ashok Leyland has informed the market that they have bagged an order worth Rs 300 crore from Tamil Nadu State Transport Corporation for supply of 1,500 buses. Of the 1,500 buses, 900 will be for Chennai and 300 each for Madurai and Coimbatore.This order was bagged with funding from the Jawaharlal Nehru National Urban Renewal [...]

Post from: First Blog for Indian Financial Market

NAVs advance sharply as mkts end strong

Sat, 04 Jul 2009 00:30:23 GMT

Equity diversified NAVs ended higher with advance:decline ratio of 226:10, as the benchmark indices closed the last session before the Union Budget on Monday on a strong note.

Post from: First Blog for Indian Financial Market

Shinsei PSU Bond Fund ? Ultra Short Term Plan

Sat, 04 Jul 2009 12:30:57 GMT

Mutual Fund	Shinsei Mutual Fund
Scheme Type	Open Ended
Scheme Category	Income
Launch Date	30-Jun-2009

Post from: First Blog for Indian Financial Market

?Allow 24% FDI in FM radio?

Sat, 04 Jul 2009 00:22:55 GMT

The commerce and industry ministry has proposed a marginal hike in the FDI limit in FM radio from 20% to 24% and raising the limit in infrastructure-related activities of the broadcasting sector .

Mirae Asset Short Term Bond Fund

Sat, 04 Jul 2009 12:30:57 GMT

Mutual Fund	Mirae Asset Mutual Fund
Scheme Type	Open Ended
Scheme Category	Income
Launch Date	23-Jun-2009

Post from: First Blog for Indian Financial Market

India Inc on fund raising spree; mops up Rs 11,714 cr in Q1

Fri, 03 Jul 2009 21:40:10 GMT

India Inc mobilised a whopping Rs 11,714 crore in the first-quarter (Q1) ended June 30, 2009.

Shinsei Liquid Fund

Sat, 04 Jul 2009 12:30:57 GMT

Mutual Fund	Shinsei Mutual Fund
Scheme Type	Open Ended
Scheme Category	Liquid
Launch Date	30-Jun-2009

Post from: First Blog for Indian Financial Market

Sahara Super 20 Fund

Sat, 04 Jul 2009 12:30:57 GMT

Mutual Fund	Sahara Mutual Fund
Scheme Type	Open Ended
Scheme Category	Growth
Launch Date	25-Jun-2009

Post from: First Blog for Indian Financial Market

India Inc on fund raising spree; mops up Rs 11,714 cr in Q1

Fri, 03 Jul 2009 12:26:03 GMT

Funds raised by India Inc at home and abroad went up five-fold in the first quarter of the current financial year at Rs 11,714 crore, with more than half of it being mobilised in the last week of June.

QUANTUM EQUITY FUND OF FUNDS

Sat, 04 Jul 2009 12:30:57 GMT

Mutual Fund	Quantum Mutual Fund
Scheme Type	Open Ended
Scheme Category	Fund of Funds - Domestic
Launch Date	26-Jun-2009

Post from: First Blog for Indian Financial Market

Enable pvt players access to BSNLs local loop

Fri, 03 Jul 2009 13:26:14 GMT

Going against the wishes of the department of telecommunications, the Economic Survey has said for broader and faster penetration of broadband, especially in the rural areas, the government should allow private players access to BSNL's local loop, which provides 'last mile access'.

Foreign cos not taxable for carrying calls abroad: AAR

Fri, 03 Jul 2009 10:55:40 GMT

Foreign telecom firms operating without a permanent establishment in India are no more required to pay any tax on income from carrying international calls and data services in pacts with domestic operators.

Lift ban on farm futures; free sugar & fert sectors

Fri, 03 Jul 2009 13:26:14 GMT

Advocating a sea-change in policy approach to commodity markets and agriculture that has seen growth decline to 1.6% in 2008-09 in the later, the Economic Survey for 2008-09.

World Bank directs $6.6 bn to South Asia; $400 mn to India

Fri, 03 Jul 2009 10:47:12 GMT

The World Bank Group committed US$6.6 billion in fiscal year ended June 30 to South Asia, where India is the largest borrower, much of it focused on helping the countries there cope with the impact of the global economic crisis.

Multi-pronged action to prop up agriculture

Fri, 03 Jul 2009 13:26:14 GMT

Economic Survey for the year 2008-09 tabled in the Parliament on Thursday recognises the well perceived role of agriculture in Indian economy and it highlights official view on various aspects related to performance of agriculture sector.

Poverty reduced, but malnutrition still high

Fri, 03 Jul 2009 13:26:14 GMT

While acknowledging the UPA government's thrust on increasing social sector investments through programmes like National Rural Employment Guarantee Scheme...

India to sell stake in NHPC, Oil India this fiscal

Fri, 03 Jul 2009 06:26:22 GMT

India expects to raise 18.54 billion rupees ($386 million) from stake sales in two state-run firms in the current financial year to March 2010, a junior finance minister told parliament on Friday.

Unemployment rate to fall below 5% by 2012

Fri, 03 Jul 2009 13:26:14 GMT

Despite the severe meltdown in global economy and consequent job losses in India since September last year, the Economic Survey has exuded optimism that there would be reduction in unemployment rate by the end of the Eleventh Five Year Plan.

Monetary policy steps to power growth

Fri, 03 Jul 2009 13:26:14 GMT

The Economic Survey said the focus in the coming months will continue to be on having a calibrated approach to using monetary policy measures for an early return to the high growth path. At the same time, efforts to build and preserve financial stability in the economy have to be high on the agenda.

Flush banks see few borrowers

Thu, 02 Jul 2009 19:46:31 GMT

Stagnant credit demand continues to bog down banks which are flush with funds due to strong deposit growth.

Last years challenges to continue this year

Fri, 03 Jul 2009 13:26:14 GMT

The Finance Minister presented the Economic Survey 2008-09 to Parliament, outlining the economic position for the previous year and steps needed to arrest the deceleration of growth in the short and medium term.

PFC looks at Rs 15K-to-20K crore debt mobilisation

Thu, 02 Jul 2009 10:04:24 GMT

Power Finance Corporation (PFC) is looking at some Rs 15K-to-20K crore debt mobilisation this year.

Scrap all transaction taxes to boost trading

Fri, 03 Jul 2009 13:26:14 GMT

The Economic Survey 2008-09 has proposed the removal of securities transaction tax, commodity transaction tax, rationalisation of dividend distribution tax and disinvestment of public sector undertaking.

Rationalise tax structure, focus on export infra to push foreign trade

Fri, 03 Jul 2009 13:26:14 GMT

Projecting difficult times to continue in 2009 for the country's exporting community, the Economic Survey 2008-09 suggested the government to rationalise the tax structure, prepare a specific policy on Comprehensive Economic Cooperation Agreements and focus on export infrastructure to improve foreign trade.

Govt may borrow Rs 40k cr more in FY10

Wed, 01 Jul 2009 22:08:50 GMT

The upward revision is expected to be about Rs 40,000 crore and if the borrowings announced are higher, ?alternate means? of raising debt will be looked at, he added.

De-link licence from spectrum, go for nominal regulatory charge

Fri, 03 Jul 2009 13:26:14 GMT

In line with the recommendations of the department of telecommunications and industry committee on reviewing spectrum pricing, the Economic Survey has made a strong case for de-linking the telecom licence from the spectrum and also said spectrum trading should be allowed in the country.

Plantation cos to get Rs 3.5k cr package

Tue, 30 Jun 2009 19:57:53 GMT

The government is readying a package of concessions worth around Rs 3,500 crore for the plantation sector as it looks to lift it out of a morass of rising input costs, a high debt burden and falling productivity levels.