Govt for 7-year lock-in on foreign power equipment companies – Why not Real Estate ?

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The Congress(I) led government in India is considering a 7-year lock-in for foreign companies engaged in manufacturing of power equipments. The move is aimed at keeping the non-serious players out of the picture. The prime minister’s committee on infrastructure on power sector issues has been considering the problem and has discussed with various representatives of … Read more Govt for 7-year lock-in on foreign power equipment companies – Why not Real Estate ?

SBI re-launches gold deposit scheme – Highly Unttractive Interest Rates

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One of the largest public sector banks – State Bank of India (SBI) – has re-launched the gold deposit scheme with an aim of bringing into circulation the privately held stock of gold to reduce India’s dependence on imported gold due to the rising cost of gold imports. This scheme, first launched in November 1999, … Read more SBI re-launches gold deposit scheme – Highly Unttractive Interest Rates

LIC parks Rs 40,000 cr in equity this fiscal

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India’s largest insurer – Life Insurance Corporation of India (LIC) – has invested around Rs 40,000 crore in equity this fiscal, exceeding the total equity investments made in the last financial year. Every year LIC invests around 8-9% of its total premium collection in the stock markets, majority being in the banking sector. This year … Read more LIC parks Rs 40,000 cr in equity this fiscal

ICRA’s subsidiary acquires Sapphire International of USA

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ICRA Techno Analytics mc, a wholly owned subsidiary of ICRA Techno Analytics (ICTEAS) operating from Kolkata, has acquired 100% stake in Sapphire International Inc., a Delaware Corporation based out of Trumbull, Connecticut, USA. Sapphire, a Microsoft Gold Partner, is in the business of providing IT solutions to government agencies and large corporations in the US … Read more ICRA’s subsidiary acquires Sapphire International of USA

China copper purchases may trigger deficit: CICC

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Copper purchases by China to boost stockpiles may flip the global market from surplus into deficit this year, boosting prices already underpinned by stimulus spending, according to China International Capital Corp. China’s State Reserve Bureau may raise purchases to 1 million metric tonnes from 600,000 tonnes. The purchases “would easily turn a global surplus of … Read more China copper purchases may trigger deficit: CICC