Tag Archives: Business

Aviation Sector Firms Allowed to Avail of ECBS for Working Capital Requirements

This time any market sector that is under huge pressure is only the Aviation Sector and the Govt. decision regarding this result an increased demand of regular cash flow.

Continuously expanding financial amount for regular operating transaction due to growing competition in Aviation market is forcing Airline to perform better with high financial deals.

Retail money kept escaping equity funds

As per latest stock market report, there is a continuous reduction in the toll of Retail investors of equity mutual funds that was at peak in last fiscal year.

Although in other sectors like mutual funds, a hike trend is being seen as in interest for gold exchange traded funds (ETFs) and index ETFs, the toll of accounts in combine 2010 and 2011 is increased from 1.66 lakh to 4.75 lakh.

India will not decrease imports from Iran: Pranab Mukherjee

It is expected that Iran is in a great force to make the nuclear missiles for challenging American troops. Several nuclear reactant centers have also been identified in Iran and while asking Tehran says its nuclear program is for peaceful means.

The US and European Union banned oil imports from Iran earlier this month and they wants from India to do same for pressuring on Tehran to ruin its nuclear projects.

But by rejecting the sanction against Tehran, the Finance Minister of India, Pranabh Mukherjee clearly said that it would not possible for India to cut petroleum oil imports from Iran.

Four companies including Micromax skips IPO plans

As per the news, in spite of huge stock market in this year, four major firms have refrained from coming out with IPOs worth Rs 700 crore, leasing their regulatory sanctions drops.

In the meantime, the four firms which have let their sanctions drop include Micromax Mobiles, Pride Hotels, Betul Oil and Tara Jewels.

Captivatingly, there are more than 10 other firms who have suitable approval in hand and are left with just two months in their validity period of one year from the date of approval.

3 Metro stations to be closed for a few hours today

As per the latest news from the national capital, New Delhi, the three Metro stations near Rajpath will be closed for a few hours and services to some extent shortened on two lines on the occasion of Beating Retreat today.

It is reported to media that on Line 2 (Jahangirpuri-Gurgaon), the Central Secretariat and Udyog Bhawan stations will remain closed from 03.00 PM to 06.30 PM on Sunday.

Nevertheless, interchange of passengers from Line 2 to Line 6 and vice versa will not be affected and it will go on.

The statement was released to media by an official from the Metro officials.

India-Pakistan decides regular TAPI transit fee

As like oil pipeline agreement with Iran, now oil Minister of India and Pakistan agree on the same deal to make transit of gas at a uniform transit fee for it from Turkmenistan.

However both are agreed on the proposal of $7.6-billion Turkmenistan pipeline that decision taken after hold a meeting between S Jaipal Reddy and Pakistani minister Asim Hussain yesterday.

After this deal processing India should be able to export petrol, Diesel and other petroleum products to Pakistan that should ensure help in the economic growth of country on both sides.

Citigorup, HSBC, Bank of America Merrill Lynch and Barclays will cut jobs in India

The impact of global crisis is putting on the performance of banks that decides to cut of many jobs as a result of financial imbalance.

As per source report Citigroup in India will struck out about 4,500 jobs globally and 100 in its local business in India, beside it other HSBC, Bank of America Merrill Lynch and Barclays are deciding to cut off jobs in their Indian operations.

As per records, HSBC will show door to its employers in Indian operation units as it made 30,000 reductions internationally. Royal Bank of Scotland also decides to merge with others company that lead to more than a dozen reductions.

The decision is taken after analyzing global strategy that require for parent companies’ shrinking balance sheets to boost capital.

Indian Cash Rates Company; fall in liquidity in next week

The step of cutting down the Cash Reserve Ratio by RBI has appreciated by the PM’s Economic Advisory Council Chairman C Rangarajan. The rate is decide to be reduce by 5.5% from 6 and as per this the banks has made deposits Rs 32000 crores into the banking system.

The cut down liquidity will surly put effect on the interest rates and also help to push up inflation. Rangarajan said, “The improvement in liquidity conditions will automatically have an effect on interest rates. Improvement in liquidity conditions will lead to softening of interest rates.”

The reduction will help to downing the food inflation on which changing pattern of the policy rate depends. If the results will be of positive then rates cannot be changed.

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