Registered Foreign Portfolios Investors (RFPIs) can now purchase up to 100 per cent of TD Power Systems under the Portfolio Investment Scheme.
Some analysts attribute the abandoning of 15 oil and gas blocks by BP and Reliance Industries (RIL) to unfriendly investor policy of the government. But BP termed the relinquishment of blocks as a routine "portfolio management" exercise. These 15 blocks are part of the 21 blocks for which BP struck a $7.2-billion deal. According to industry observers, the development does not augur well for the dom
Finance Minister P Chidambaram went to USA to woo investors and corporates to invest in India. During his visit, the minister is scheduled to meet CEOs and other top executives of potential investors, including Microsoft Corp, Wal-Mart Stores Inc, Lockheed Martin International and Boeing International. In recent months, Chidambaram has been visiting foreign countries to invite investors and companies to inves
Axis Bank has a total home loan portfolio of Rs 30,000 crore and the bank plans to increase this at the rate of 30 per cent every year over the next two years. Thus, the bank aims to have a total home loan portfolio of Rs 50,000 crore by the end of 2014-15. The bank's home loan portfolio occupies a major part of its retail lending assets, which stood at Rs
Industry sources feel that private equity investors in the country are going through a challenging period. It is learnt that the return on investments made after 2006 has not been very encouraging even after about six years. Moreover, funds are finding it tough to exit from portfolio companies in an economy that is experiencing slowdown. This is forcing firms to cut down on expensive hum
Some bankers expect Reserve Bank of India either to cut cash reserve ratio (CRR) in the third-quarter monetary-policy review on January 29 or conduct open market operations (OMO) to overcome liquidity crunch in the banking system. It is learnt that slow growth in deposit rate, back-to-back auction of government bonds have strained liquidity in the banking system. According to reports, main