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Foreign institutional investors (FIIs) were net sellers of Rs 201.17 crore (provisional) in the cash market on Friday, as per the information posted on the BSE website. While FIIs made gross purchases of Rs 956.27 crore, their gross sales amounted to Rs 1,157.44 crore. Domestic institutional investors (DIIs) were net buyers of Rs 167.18 crore … Read more FII net sellers of Rs 201 cr in cash market on Friday
India’s consolidated fiscal deficit may increase to 10.3% of GDP in FY09 and 10% of GDP in FY10, according to our estimates, due to the cyclical downturn in tax revenues, election-related spending, and a large subsidy bill. The deficit will come down substantially over the next few years due to a structural increase in spending, … Read more Rising deficit – Is India’s debt sustainable?
The one-day strike observed by more than 21,000 employees of the Reserve Bank of India (RBI) has disrupted trading in government bonds and other markets. Samir Ghosh, general secretary of the All India Reserve Bank of India Employees Association claimed that the strike was 100% successful with all employees taking leave, except for executive directors, … Read more Strike by RBI staff affects bond trading
ADAG controlled Reliance Communications’ (RCOM) hived off tower arm Reliance Telecom Infrastructure (RTIL) is expected to finalize infrastructure-sharing deal with Swan Telecom for fifteen years in a month. It is widely speculated that Swan Telecom once upon a time belonged to Reliance ADAG Group before being transfered to Balwas Group of Mumbai. Etisalat has now … Read more RCOM arm to ink infra sharing deal with Swan Telecom for 15 yrs
Gold opened marginally higher on the Multi Commodity Exchange (MCX) on Friday after slipping on Thursday on profit booking at previously higher levels. Demand for gold has seen an upmove as a safe haven option as equities all over the world are in a bad shape on account of the global slowdown. Gold for April … Read more Gold Trading marginally higher on MCX
The Tata Group’s flagship automobile major Tata Motors is expected to flag off bookings for its small car – Nano – by the end of the month while deliveries will begin next month. The first batch of Nanos will be from the company’s Pantnagar facility. Despite the slowdown in the global auto sector that has … Read more Nano shifts to forward gear – Bookings Open Last Week