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About 12 results for "foreign lender rsquo"

Investors lap up govt's big-ticket share sales

Investors lap up govt's big-ticket share sales

Institutional investors - both foreign and domestic - lapped up the government’s big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.  The Centre sold a nine per cent stake in Axis Bank, held by the Specified Undertaking of UTI (Suuti), worth about Rs 5,500 crore, to a clutch of institutional investors through block trades on stock exchanges. Also, it raised another Rs 3,000 crore by divesting stakes in a handful of central public-sector ..., 3 weeks ago

6 images for foreign lender rsquo, 1 month ago, 2 months ago, 2 months ago, 2 months ago, 2 months ago, 4 months ago

Will Modi succeed in selling BJP's economic vision to India's financial elite?

Closed-door meet with investors and their lenders, from here and abroad, for selling BJP’s economy vision. If you’re an investment banker and don’t figure on the list of invitees, you might as well curl up and die. On February 27 in New Delhi, the Bharatiya Janata Party’s prime ministerial candidate, Narendra Modi, (below left) will address a meeting of investors, big infrastructure companies and banks, Indian and foreign, where he will spell out his vision for the ...
 Rediff.com1 month ago

Govt banks develop cold feet on QIPs

Some lenders in talks with LIC for pvt placement State-run banks have put their qualified institutional placement (QIP) issues on hold till the market sentiment improves, as they believe convincing foreign institutional investors (FIIs) to purchase their shares amid stock market volatility will be a difficult task.Several public-sector lenders — Syndicate Bank, Allahabad Bank, Dena Bank, IDBI Bank, Syndicate Bank and Indian Overseas Bank, among others — had over the past few months ...
 Rediff.com2 months ago

Full Text: What Prez Obama said at the State of the Union Address

Read the full transcript of President Obama’s State of the Union address on Wednesday at the US Capitol in Washington. As prepared for delivery - Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans: Today in America, a teacher spent extra time with a student who needed it, and did her part to lift America’s graduation rate to its highest level in more than three decades. An entrepreneur flipped on the lights in her tech startup, and did her part to ...
 Rediff.com2 months ago

Those who were left out can apply for new bank licence: Rajan

Reserve Bank governor Raghuram Rajan on Friday defended handing out just two licences out of the 25 banking applicants saying the selection panel felt that some of them were better placed to serve as differentiated banks.   Rajan said when asked about the very conservative approach to the much-touted licensing process, “We went through the list of applicants and this was the set of applicants that the Jalan committee as well as the Reserve Bank were comfortable with.   ...
 Rediff.com1 week ago

Why is credit so relevant to India's economy?

In the first article in the series of understanding how the economic machinery works, we introduced transactions, credit, interest rates and inflation (the article can be read here). This part will deal with the importance of credit and introduces deleveraging. The third part will talk about the impact of deleveraging and introduces fiscal deficit. The concluding part, weaves all the different parts of the economic machinery together to help the readers take a view on the current economic ...
 Rediff.com3 weeks ago

RBI sells special drawing rights to control fiscal deficit

The Reserve Bank of India (RBI) has sold special drawing rights (SDRs) to the International Monetary Fund (IMF) for interim payment to the government for meeting the fiscal deficit target of 4.8 per cent of GDP in the current financial year.   According to sources close to the development, the central bank has paid Rs 10,000 crore (Rs 100 billion) to the government. The payment can’t technically be termed a dividend as the central bank does not earn any income.   The central ...
 Rediff.com1 month ago

Sensex ends at one-month high on February F&O expiry

Benchmark indices increased for the fourth consecutive day amidst volatile trading and expiry of the February Futures & Options derivative contracts. Gains of 2% in index heavyweight ITC also contributed towards the rise. At close on Wednesday, the 30-share Sensex was up 135 points at 20,987, while the Nifty-50 had increased by 39 points at 6,238.80. The markets will remain closed on Thursday on account of Mahashivratri. Broader markets underperformed the benchmark, with the BSE Mid-cap and ...
 Rediff.com1 month ago

Citibank rules out India subsidiary, informs RBI

Citibank has ruled out setting up a subsidiary in India and has officially informed the Reserve Bank of India about its decision.The banking regulator was hoping to convince a few foreign banks to operate in India through wholly-owned subsidiaries (WOSes). But, according to people familiar with the development, Citibank recently wrote to RBI saying it had no plans to establish a WOS in India at this point.The central bank’s initial effort to persuade foreign lenders to convert their ...
 Rediff.com1 month ago

Jan WPI plays cupid for market; Sensex up 173 points

Markets staged a recovery on Friday led by gains in IT majors and index heavyweight like Reliance and Tata Motors after a sharp decline in the previous session. Further, whole sale price inflation in January which eased to an 8-month low also helped improve sentiment. IT shares led the gains today with Infosys and TCS adding over 1 percent each. Markets continued to remain range bound in late noon trades on Friday as gains in IT majors helped offset most of the losses in rate sensitive ...
 Rediff.com2 months ago
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