The Ranbaxy-Sankyo deal moves one step ahead to completion when the Board of Directors of Ranbaxy Laboratories finally gave a green signal by approving the allotment of equity shares and warrants to Daiichi on a preferential basis. With this move, the Japanese company has now acquired a stake of 52.5 percent of total equity share [...]
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The Switzerland based company has forecasted constructive outcome of events like decreasing commodity prices and RBI’s amendments in monetary policy together with slowing growth; on the fundamentals of Indian economy. It predicts that next year will show favourable changes in inflation, interest rates and trade deficit. Though the report admits that the current position is [...]
Despite 0.80% downfall in BSE Sensex, Tech Mahindra stocks have registered a noticeable upsurge, almost 2.50 %, mainly owing to its five-year deal worth $250 million with two new customers. The market seems to be bullish for the stock, as there were a total of 47,778 shares of the stocks traded over the counter in [...]
According to WTO (World Trade Organization), the first half of the current year witnessed a considerable increase in the instances of dumping and products being transferred across borders at unfair prices. The ‘number of investigations’ has jumped from 61 (in the first six months of last year) to 85 (in the present year) i.e. a [...]
The mass casual leave of RBI staff on Tuesday effected the normal operations such as payments and settlements of the apex bank. The employee union has gone on a strike to regarding some pension related issues. Most of the employees have not joined their duties on Tuesday according to a RBI official. Considering the early [...]
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With a view to facilitate mutual funds to effectively meet the liquidity needs and to overcome the extreme redemption pressures, the Reserve Bank of India on Tuesday comes up with a surprise move to bring in Rs 20000 crore through short term lending route. According to a press release issued by the Reserve Bank of [...]
India has been working strongly to stop dumping of products in the country. This practice, if left unchecked can have a serious dampening effect on a country’s industrial growth. In this process, a manufacturer starts selling his products across boundary, at a price which is either below the selling price (being charged by the sellers [...]
Stock market indices of countries are expected to recover in few days, however the bruised economy will take longer time to revive, says Washington. Ben Bernanke, Chairman, Federal Reserve said congress should consider the option of a fiscal package as the economy is yet to come up in a healthy shape. The Government cleared in [...]
Fall in the repo rate by 100 basis points has been well received by the market participants; however the benefits expected to come with it remain questionable. It seems the anticipated positive impact will take one-two months to surface. The reason for the delayed response, as unleashed by GVK Group’s George Issac is the non-sustenance [...]
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After announcing a cut in repo rate long back in 2004, The Reserve Bank of India has reverted to this measure after a gap of four years. The rate at which the apex bank lends to other banks for a period of one to three days has been lowered by 100 basis points. Suhir Gokarn of Standard [...]