A debt-laden central government and promoters of many listed companies are in for a pleasant surprise in the New Year (2012) from SEBI. The capital market regulator, SBI is set to come out with new rules that will make it easier for the government to push through divestment …
NHAI: Land buys to hit record 10,000 hectares
The Indian highways regulator, National Highways Authority of India (NHAI) is inching closer to acquiring a record about 10,000 hectares in the current fiscal. This is the largest ever land acquisition in a year by NHAI.
It acquired 8,577 hectares in 2010-11; 6,244 hectar…
2012 : New Year's Financial Resolutions
The new year, 2012 is fast approaching, and with it the promise of starting fresh in all areas of your life including your finances. Financial Resolutions to set yourself up for success in 2012. Here are some guidelines for creating your list with action plans for financial…
Kotak Mutual Fund: Kotak Hybrid Fixed Term Plan Series-I
Kotak Mutual Fund, launched a NFO (New Fund Offer) that aims to generate income by investing in debt, equity and money markets.
The new schemes name is Kotak Hybrid Fixed Term Plan Series-I . Mr. Sandesh Kirkire, CEO, Kotak Mutual Fund said, “Hybrid schemes offer low ris…
RBI allows NRIs to hedge currency risk
The RBI (Reserve Bank of India) on recently allowed NRIs (Non Resident Indians) to hedge currency risk for ECBs (External Commercial Borrowings) denominated in rupees with Indian banks. The new guideline aims at mitigating currency risk attached with the rupee borrowings. …
BUILD INTEC – 2012, Coimbatore
A Building Materials & Components expo, 'BUILD INTEC – 2012' will be held in Coimbatore at February 17 th to 20 th, 2012. It is the 6th international Building & Construction Trade Event. Now, stall booking opens.
The venue is CODDISSIA Trade Fair Complex …
Mumbai: 1,500 sq. ft Flat Sold for Rs. 5.25 Crore
A flat measuring about 1,500 sq. ft in Sewree, Mumbai was sold for Rs. 5.25 crore.
This was one of the new developments which is amongst the premium developments in the Sewree area and is equipped with modern amenities like swimming pool, gymnasium, garden etc.
The ar…
Union Bank of India: First to cut base rate
Public Sector Bank, Union Bank of India has cut base rate by 0.10% to 10.65%. It becoming the first bank to do. It is signalling loan interest rates may start softening.
RBI raised key interest rates 13 times since March 2010 to rein in high inflation.
Mr. M.V. Nair, CMD,…
Power Finance Corporation : Tax-free bond issue
Power Finance Corporation (PFC) had start selling tax-free bonds to raise up to Rs.1,000 crore.
The leading power sector lender has the approval to mop up Rs. 5,000 crore through issue of tax-free bonds. It has raised Rs. 967 crore already through private placement of these…
NHAI: Retail Tax-free bond issue oversubscribed
The NHAI's ( National Highways Authority of India's) first sale of retail bonds has received bids for about 5 times the base amount so far, capitalizing on investors' appetite for safe havens as the global debt crisis keeps domestic equity markets lacklustre.
T…
