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Half of Indian population will have debit cards by 2015

Mumbai, February 10 : A whopping 54 crore bank customers or nearly half of India’s population shall be issued debit cards in the next three years, signalling impressive strides in making banking inclusive for all, a top industry body said here Sunday. However, the number of credit cards would remain at less than three crore during [...]

February 11, 2013No CommentRead More

ASIA CREDIT CLOSE: Deep illiquidity in Asian credit as players leave early

SINGAPORE, Dec 21 (IFR) – The Asian credit market was deeply illiquid throughout the day, with many traders and investors deciding to take their Christmas early, and a half day holiday in Hong Kong adding to the impetus to get away. According to a Singapore-based debt trader, no high-yield traded today and what was on [...]

December 22, 2012No CommentRead More

Hong Kong shares snap 4-week winning streak, underperform China

The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent on Friday and 0.7 percent this week. This was the first weekly loss in five weeks for both Hong Kong indexes. Hong Kong turnover stayed under its 20-session moving average for only the third time since Dec. 4, which along [...]

December 22, 2012No CommentRead More

Earnings, RoE of realty firms to pick in 2013, says CRISIL

After years of pressure, earnings and return on equity of real estate companies are likely to pick in 2013, a report by CRISIL Research said. CRISIL expects lower inflation, coupled with rate cuts, to help real estate companies. “CRISIL Research expects the Reserve Bank of India to cut the repo rate at least 50 basis [...]

December 22, 2012No CommentRead More

Govt raises FDI limit in asset reconstruction companies

MUMBAI (Reuters) – India has raised the ceiling for foreign direct investment (FDI) in asset reconstruction companies (ARCs) to 74 percent from 49 percent, according to a government statement late on Friday.The increase in the ceiling is subject to the condition that no sponsor can hold more than 50 percent of shareholding in an ARC [...]

December 22, 2012No CommentRead More

India raises FDI limit in ARCs to 74 pct from 49 pct

MUMBAI, Dec 21 (Reuters) – India has raised the ceiling for foreign direct investment (FDI)in asset reconstruction companies (ARCs) to 74 percent from 49 percent, according to a government statement late on Friday.The increase in the ceiling is subject to the condition that no sponsor can hold more than 50 percent of shareholding in an [...]

December 22, 2012No CommentRead More

GMR row: India asks Maldives not to take any coercive action

Male/New Delhi, Dec 4 (IANS) India Tuesday made it clear to the Maldives that no arbitrary or coercive measure should be taken in the GMR case pending the outcome of the legal proceedings, underlining that any such action would inevitably have adverse consequences for bilateral relations. This was conveyed by External Affairs Minister Salman Khurshid [...]

December 4, 2012No CommentRead More

Opposition, allies slam FDI; government confident of winning vote

New Delhi, Dec 4 (IANS) Belying the government’s confidence of having its allies on board on FDI in multi-brand retail, major political parties Tuesday slammed the economic move in parliament, terming it anti-people and a sell-out to multinationals. The UPA countered by saying states were free to choose whether to implement the measure and termed [...]

December 4, 2012No CommentRead More

Kejriwal accuses Modi of favouring companies

New Delhi, Dec 4 (IANS) Aam Admi Party (AAP) leader Arvind Kejriwal Tuesday accused Gujarat Chief Minister Narendra Modi of giving undue favours to some corporate companies and said the impression of him being honest was wrong. He also attacked the Congress for not raising the alleged wrongdoings of Modi, saying that the two were [...]

December 4, 2012No CommentRead More

Jubiliant Energy denies Kejriwal’s graft charges

Kolkata, Dec 2 (IANS) Following the mysterious death of legendary film maker Ritwick Ghatak’s grand daughter Aditi, her family members have lodged a police complaint alleging foul play, police said Sunday. Source Article from http://in.news.yahoo.com/jubiliant-energy-denies-kejriwals-graft-charges-160834962–finance.html Post Footer automatically generated by Add Post Footer Plugin for wordpress.

December 4, 2012No CommentRead More