Data from media reports indicate that 12 private equity funds are raising at least $6.6 billion for investment in Asia. Reports indicate that a substantial part of this amount would be invested in Indian businesses. The financing by private equity investors would meet the funding requ
Tag: business
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Karnataka govt to attract FDI
In order to attract Foreign Direct Investment (FDI) into the state, Karnataka government plans to set up four ‘Help Desks’ at Japan, Taiwan, United States of America and Germany. Through the proposed help desks, the government would take initial steps to showcase the state before attracting investments
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CGTMSE may rationalise guarantee fee
Media reports indicate that the Credit Guarantee Fund Trust for Medium and Small Enterprises (CGTMSE) plans to rationalise the annual guarantee fee payable by banks for insuring their loan to small business units. Presently, CGTMSE collects guarantee fee at 1 per cent of the loan limit per annum throughout the tenure of the loan
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CPT looks to handle more of clean cargoes
Chennai Port Trust (CPT) wants to increase the volume of dry bulk and break bulk cargoes like food grains, fertilizers in order to compensate for the decline in the iron ore and coal cargoes. The port lost about 18 million tonne of cargo comprising about 10 million tonne of coal and 8 million tonne of iron ore in the last few years owing to reasons beyond the control of the port
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CPT to promote its facilities for attracting traffic
On July 19, Chennai Port Trust (CPT) has organised a trade show in Hyderabad to showcase various facilities available with the port and how it would be useful to importers and exporters. The port decided to hold the event as it realised that a lot of cargo from CPT goes to Andhra hinterland. Industry watchers warn that CPT must improve its marketing or else traders would slowly move towards newe
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MPT to offer sops to exporters
In order to attract container traffic business from the neighbouring states, Mormugao Port Trust (MPT) plans to offer operational sops to exporters. The port has been trying to diversify its cargo handling ever since the iron ore mining ban in Goa affected export of the mineral and thereby the port's main cargo traffic. The port is willing to offer one-to-one service so that the consignment can be loaded onto the ship till the last minute. There is no cutoff time for loading the con
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Nationalised banks post lower RoA than private banks
According to a study, the return on assets (RoA) of nationalised banks was lower than that of private banks during 2010-13. Further, state-run banks lost market share by 1.3 per cent over the last four years to private and foreign banks, the study shows. Nationalised banks lost 0.5 per cent and SBI 0.8 per cent of the market share. As far as private sector banks are concerned, the new private banks (NPBs)gained market share by 1 per cent and the old private banks (OPB
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Essar firms to reduce dependence on group companies
Essar group companies like Essar Shipping, Essar Ports, Essar Projects would diversify their operations and reduce their dependence on sister companies for business. These companies largely cater to the sister companies and thereby rely on these firms for revenue generation.
For example, currently, Essar Projects earns around 60 percent of its revenue from group firms, but wants to eventually take external orders to 90 percent, deriving half its re
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Banks asked to provide credit to power starved firms
Commercial banks received a direction from the Reserve Bank of India (RBI) to provide credit to companies in Andhra Pradesh which are suffering from paucity of power. Earlier, the Visakhapatnam Chamber of Commerce and Industry discussed the problems being faced by the business in the state owing to non-availability and shortage of power with the Union Ministry of Commerce and I
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Analysts expect good prospect for SKS Microfinance
Some analysts feel that SKS Microfinance has good business prospects as it revamped its business model following the crisis in the microfinance sector in Andhra Pradesh. The microfinance institution (MFI), which was incurring loss since early 2011, posted profit after a long gap in December 2012 quarter.