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Q&A with MD and Head of ECM, Bank of America Merrill Lynch
RBI today cut CRR by 25 bps, thereby infusing Rs 17,500 cr into the markets
Low earnest money collection indicates muted participation for 2G auction
ICRA to monitor developments anf evaluate impact of same on business risk profile of CESC
Domestic investors worried about the increasing influence of foreign money in domestic markets
Eventually the rupee has appreciated by 5% to 52.86 against the US dollar at the end of quarter
Interview with MD & Head of ECM, Bank of America Merrill Lynch
However, total income increases 16% to Rs 92,447 cr
Company cites slow growth of international voice traffic at 4% for move
Ask company to get technology transfer vetted by independent agency
In last 6 days, Indian companies announce $2.5 bn of outbound acquisition deals, including Indian Hotels' $1.57-bn bid to buy Orient-Express Hotels
Tata Communications plans to have 90% of its voice business from contractual customers
The announcement is expected today during the European exchange timing
About ten days ago the Tata group company made a joint bid along with a fund controlled by Italy¿s Montezemolo and Partners to acquire the Bermuda-based Orient Express
Fitch expects that post acquisition consolidate gross leverage of the company will increase to 3.6 times for 2012
The timing of impact on central government's finances would depend on terms of bonds issued by the state governments
Sluggish industrial growth along with reduced infrastructure activity, judicial restrictions on mining activities, lower food grain output has reduced cash flow of borrowers