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| No need for fresh equity, says Andhra Bank CMD | 20-NOV-09 |
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| State-owned Andhra Bank has enough capital and there was no need for government funds or follow-on public offer to meet its 20-25 per cent growth target for 2009-10 (April-March), Chairman and Managing Director RS Reddy said today. |
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| Redemption in MF equity schemes peaks in October | 19-NOV-09 |
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| Market volatility has hit equity schemes of domestic mutual funds. The category has seen the highest monthly redemption so far in the current financial year in October, with net outflow crossing Rs 2,100 crore. |
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| Citigroup, Stanchart pick up stakes in Sundaram Multi Pap | 17-NOV-09 |
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| The private equity investment arms of Citigroup and Stanchart India have purchased 8 and 2 per cent equity stake respectively in leading stationery products manufacturer Sundaram Multi Paper Ltd (Sundaram Multi Pap) from the secondary market. |
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| 'India will hold on to today's valuation level' | 17-NOV-09 |
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| Adrian Mowat has tracked emerging markets for nearly two decades. The Chief Asian and Emerging Markets equity strategist at JPMorgan, Asia Pacific, believes these markets should continue to see inflows as they will grow faster than the rest of the world. And, that the Indian market will probably be re-rated over the next 10 years. |
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| PE investment in telecom to look up in 2010 | 16-NOV-09 |
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| Private equity investment in the country's telecom sector is likely to surge next year with the introduction of 3G services and rural penetration by telcos, experts say. |
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| Before going ON a power trip... | 15-NOV-09 |
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| Investors did not have a very good experience with some of the recent Initial Public Offers (IPOs), especially from companies in the power sector, as many of these in the recent past traded to below the issue price. Most market participants believe the investors completely ignored the fundamentals and just focused on opportunities in the power sector. |
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| Exchanges get free hand to fix derivatives expiry | 14-NOV-09 |
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| The Securities and Exchange Board of India (Sebi) today gave stock exchanges the freedom to set the expiry day for their equity derivatives contracts. Earlier, the regulator had set the last trading Thursday of every month as the expiry day for derivative contracts. |
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| 'NSDC will be like a private equity fund' | 13-NOV-09 |
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| Last month, Finance Minister Pranab Mukherjee inaugurated the National Skill Development Corporation (NSDC) — a Rs10-crore, 51:49 private-public partnership (PPP) enterprise with a mandate to skill 30 per cent of an overall target of 500 million people by 2022. The NSDC, in which industry associations have partly contributed to the private sector’s share, has been described as a “unique” PPP. |
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| Air India to get equity infusion: Patel | 12-NOV-09 |
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| The government would infuse additional equity into ailing Air India provided it saves at least Rs 2,000 crore this financial year by implementing cost-cutting measures, Civil Aviation Minister Praful Patel said today. |
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