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Archive for June 7th, 2009

PSU बैंकों के टॉप पदों पर होगा बदलाव

सार्वजनिक क्षेत्र के तीन बैंकों में शीर्ष पद खाली होने जा रहा है। बहुत संभव है कि छोटे बैंकों के मुखिया को बड़े बैंकों का मुखिया बना दिया जाए। सरकारी बैंकों का लोन हो सकता है सस्ता
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Tax dept sees Rs 800 cr evasion through diversion of profits

The I-T Department is probing tax evasion to the tune of Rs 800 crore by some stock brokers who are believed to be diverting profits, earned on trading in NSE, BSE and commodity markets, to “non-deserving” clients through manipulation of client specific codes.
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Realty firms plan to raise over Rs 25,000 cr by share sale

Enthused by improving market conditions, eight real estate firms including Unitech, Parsvnath and Sobha Developers are looking to raise more than Rs 25,000 crore together through sales of shares, mostly to foreign investors.
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SBI to launch several private equity funds

After launching an infrastructure fund in collaboration with Macquaire and IFC, State Bank of India is in the process of setting up ’several’ other funds to cash in on the area, which is gaining importance as an alternate asset class.
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Investment in India’s renewable energy up by 12%: UNEP

The largest portion of investment went to wind sector, which grew at 17% from $2.2 billion to $2.6 billion.
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AI mulls no-frill service for domestic sector

State-run Air India may enter the no-frill segment in the domestic sector to beat the downturn in the aviation industry.
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Railway budget Hotel project may flag off again

The Railway Ministry in November 2006 had announced that it would set up 100 budget hotels across the country, for which bidding process was to be completed by December 2006.
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India’s Jet Airways says may defer Boeing order

India’s Jet Airways may defer orders it has placed for 10 Boeing 787 Dreamliner aircraft, its chairman and founder, Naresh Goyal, said on Sunday.
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Mkt hits Rs 50tn mark; attracts one lakh new investors

The ongoing surge in the stock market has pushed the shareholders’ wealth past Rs 50,00,000 crore mark — in the process bringing in over one lakh new investors on-board in just one month.
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SBI to launch several private equity funds

SBi is in the process of setting up ’several’ other funds to cash in on the area, which is gaining importance as an alternate asset class.
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Maruti Suzuki to enhance services segment

Maruti Suzuki has said it has taken various initiatives, focusing on three critical aspects — skilled manpower, system improvement and innovative practices — to upgrade the area.
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SC issues notice to Sesa Goa, Sesa Industries, others

The Supreme Court has issued notice to Vedanta group firm Sesa Goa, its subsidiary Sesa Industries and others on a plea filed by a minority shareholder.
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Top 10 firms add Rs 29,000cr in a week, MMTC gains the most

The country’s top 10 firms added Rs 29,000 crore to their market capitalisation last week, with public sector trading firm MMTC contributing the major chunk.
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GMR Infra shares are grossly overvalued

The company reported an EPS of Rs1.50 for fiscal year 2008-09, which translates into a price-earnings multiple of 110
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Govt needs to deliver on reforms to avoid disappointing markets

Narayan Ramachandran, managing director and country head of Morgan Stanley India says markets have discounted large expectations from the government
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Top 10 firms add Rs29k cr in a week; MMTC gains most

Top 10 coveted club, which comprises of four private sector & six public companies, added Rs29,777 crore to their total market valuation to Rs16,88,213 crore
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SBI to launch several private equity funds

SBI has already set up an infrastructure fund in association with Macquarie of Australia and IFC Washington primarily aimed at investing in India’s infrastructure space
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Budget should provide augmented fiscal deficit data: RBI report

The suggestion comes ahead of the Budget 2009-10, which is likely to be presented in the first week of July by finance minister Pranab Mukherjee
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India a ‘safe harbour’ for investors, says Kamath

ICICI Bank non-executive chairman KV Kamath said the country’s infrastructure space alone would need $750 bn over three years
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Taking stock

Despite the Sensex surging around 20% in a three-week time frame, P.N. Vijay of PN Vijay Financial Services says he doesn’t think the market is oversold
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