banking
$25 billion Hinduja Group has committed $10 billion to invest in India and is currently in the process of screening five-six projects in the infrastructure sector. Gopichand P. Hinduja is hoping that the Hinduja Group will be third time lucky in investing in India in a big way after having failed to have done so in 1991 [...] Continue Reading »
Foreign direct investment (FDI) in the services sector declined about 22 % year-on-year to USD 738 million during April-June period of the ongoing fiscal. Though the manufacturing and Infrastructure sector are receiving good FDI investments, the services sector needs to pick up. The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, [...] Continue Reading »
Due to the fact that India is gaining a stable government looking to improve market sentiments by introducing reforms such as launching new projects and increasing sales volume, Indian property prices are expected to rise in the latter half of the 2014 quarter, according to the Knight-Frank FICCI Survey. The FICCI index is based on [...] Continue Reading »
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »
Realtors’ body CREDAI (The confederation of Real Estate Developers’ Association of India) today appreciated the RBI’s (Reserve Bank of India) move to ease norms for banks to raise long term funds for financing affordable housing. They believe that this will lead to cheaper credit for such projects. In order to encourage infrastructure development and affordable housing, [...] Continue Reading »
Seeking to streamline the foreign investment regime, the commerce and industry ministry has proposed to introduce a composite cap which will include FDI (Foreign Direct Investment), FII (Foreign Institutional Investment) and other instruments in various sectors. In a draft cabinet note, which was circulated for inter-ministerial consultations, the DIPP (Department of Industrial Policy and Promotion) [...] Continue Reading »
New York-based Morgan Stanley reportedly has plans underway to give up some of the offices space which the company leases in Mumbai, after disposing off its wealth in India and domestic fund management business. According to the information shared by unidentified sources on the condition on anonymity, one entire floor in Tower 2 of One [...] Continue Reading »
According to recent news, foreign investment is about to double up since the overseas investors have shown great confidence in the new government coming to power. There are huge expectations from Modi’s regime. Development of the economy and brilliant reforms are some of them. The foreign investment inflows are about to replace last year’s figure. [...] Continue Reading »
Comptroller and Auditor General Shashi Kant Sharma said that the CAG will continue to audit private companies and Private Public Partnership (PPP) projects in cases where revenue sharing with the government is involved, Regretting that economic progress has thrown up a class of ‘rent seekers. He said while speaking at a conference on corporate fraud, [...] Continue Reading »
L&T Finance Holdings (L&TFH) on Wednesday said that the company would look for the opportunity to venture into banking and await RBI guidelines before taking a step further. N Sivaraman, president and whole-time director at L&TFH said the company did not getting a bank licence and it would wait for the next opportunity as and [...] Continue Reading »
