News with Tags "cent"

Akash Prakash: India’s huge vulnerability

Posted on Friday, February 28, 2014 - 08:00 am

I have received a lot of feedback questioning my assumption that foreign institutional investors (FIIs) have huge power over Indian equity markets and will ultimately force responsible governance from any political formation coming to power in May 2014.


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Posted by on Friday, February 28, 2014 - 08:00 am.
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RBI may sell 91-day treasury bills at 9.06%: Poll

Posted on Wednesday, February 26, 2014 - 13:46 pm

The Reserve Bank of India is expected to sell 91-day treasury bills at 9.06 per cent, lower than its cut-off of 9.1066 per cent at last week’s sale, according to the median estimate of a Reuters poll of 10 banks and primary dealers.

For the 91-day t-bills, the highest forecast was 9.11 per cent, while the lowest was 9 per cent.

The central bank is expected to sell the 182-day t-bills at 9.06 per cent, lower than the 9.0768 per cent cut-off at the auction two weeks earlier.


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Posted by on Wednesday, February 26, 2014 - 13:46 pm.
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Home castorseed output to fall with lower sowing

Posted on Tuesday, February 25, 2014 - 07:39 am

India’s castorseed output is likely to decline by 17 per cent this year, with a shift by farmers to more remunerative crops. Cotton was the biggest beneficiary.

A study by Nielsen India on behalf of castorseed processors, crushers and retailers points to a total output of 1.12 million tonnes (mt) this marketing season (July 2013-June 2014), as compared to 1.35 mt the previous year. Castorseed is a kharif crop, sown ahead of the monsoon and harvested towards the end of the 90-day season.


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Posted by on Tuesday, February 25, 2014 - 07:39 am.
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Taking on S&P: Moody’s offers to buy 26.5% more in Icra for Rs 530 crore

Posted on Saturday, February 22, 2014 - 07:29 am

MUMBAI: Moody’s Investor Services has offered to buy 26.5 per cent more in Indian rating firm Icra for Rs 530 crore as it competes with bigger rival Standard & Poor’s to gain market share in a country where the debt market is poised to boom with the regulator paving way for new products.

Its offer price of Rs 2,000 apiece for Icra is at a premium of 25 per cent to the market price, but is conditional on it getting to raise its holdings to 55 per cent from 28.5 per cent, Moody’s said in statement.


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Posted by on Saturday, February 22, 2014 - 07:29 am.
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Renuka-Wilmar deal disappoints Street

Posted on Saturday, February 22, 2014 - 07:00 am

The acquisition of 27.5 per cent stake in Shree Renuka Sugars (SRS) by Wilmar Sugar Holdings, the wholly-owned subsidiary of Wilmar International, hasn’t been viewed favourably by the Street.


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Posted by on Saturday, February 22, 2014 - 07:00 am.
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MCX to exit MCX-SX, Dubai commex

Posted on Friday, February 21, 2014 - 06:39 am

Multi Commodity Exchange (MCX) has decided to exit from its stock exchange venture here and one abroad, the Dubai Gold and Commodities Exchange (DGCX).

As the stake held by MCX in both these is not much, it seems it have no strategic interest in these. While the process of a final exit could take time, the exchange has invited bids for appointing investment advisors.


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Posted by on Friday, February 21, 2014 - 06:39 am.
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Mentha oil shed 2% per cent on profit-booking

Posted on Wednesday, February 19, 2014 - 22:39 pm

Fund pick: Birla Sun Life Top 100 Fund

Prudent stock selection, good timing


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Posted by on Wednesday, February 19, 2014 - 22:39 pm.
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Egg prices fall 12% in February

Posted on Wednesday, February 19, 2014 - 15:39 pm

After clocking good gains during the Nov-Jan period, egg prices in Andhra Pradesh witnessed a 12 per cent drop in February mainly due to the fall in vegetable prices and marginal rise in supply.


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Posted by on Wednesday, February 19, 2014 - 15:39 pm.
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Global rubber output to be up 3.4 per cent at 12 mt in 2014

Posted on Wednesday, February 19, 2014 - 12:39 pm

Markets could face tough times if domestic economy fails: Kaushik Dani

Q&A with head of equity funds, Peerless Mutual Fund


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Posted by on Wednesday, February 19, 2014 - 12:39 pm.
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Corporate scorecard: markets reward mid-caps

Posted on Wednesday, February 19, 2014 - 04:57 am

While the S&P BSE Sensex has declined about 700 points compared to its January 23 high, about 200 stocks have outperformed the market, recording positive returns.

Since January 23, as many as 192 stocks from the BSE-500 small-cap and mid-cap indices have gained up to 44 per cent, compared with the 3.5 per cent decline each in the S&P BSE small-cap and mid-cap indices. Analysts say strong performances for the quarter ended December 2013 have seen these stocks outperform the benchmark indices during this period.


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Posted by on Wednesday, February 19, 2014 - 04:57 am.
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RBI may sell 91-day T-bills at 9.06 pc: Poll

Posted on Tuesday, February 18, 2014 - 13:46 pm

The Reserve Bank of India is expected to sell 91-day treasury bills at 9.06 per cent, slightly below its cut-off of 9.1066 per cent at last week’s sale, according to the median estimate of a Reuters poll of 10 banks and primary dealers.

For the 91-day t-bills, the highest forecast was 9.10 per cent, while the lowest was 9.03 perc ent. RBI is expected to sell 364-day t-bills at 8.98 per cent, slightly above the 8.9689 per cent cut-off at the auction two weeks earlier.


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Posted by on Tuesday, February 18, 2014 - 13:46 pm.
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Interim Budget proves to be a non-event for stock markets

Posted on Tuesday, February 18, 2014 - 07:29 am

The interim budget on Monday was a non event for Indian stock markets.

The benchmark BSE Sensex closed at 20,464, up 97 points, while the broader index, NSE Nifty, closed at 6,073, up 25 points, over the previous close.


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Posted by on Tuesday, February 18, 2014 - 07:29 am.
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Rubber imports up by 41% in Apr-Jan

Posted on Friday, February 14, 2014 - 10:39 am

Natural rubber imports were up 41 per cent at 279,627 tonnes during April-January (10 months) this financial year. A year ago, these were 197,946 tonnes. But in January this year, imports had slowed 20 per cent at 19,696 tonnes against 24,505 tonnes a year ago. This was the first time in the financial year imports had recorded a monthly drop. This is mainly due to the rise in duty, as local prices had dropped sharply in three months.


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Posted by on Friday, February 14, 2014 - 10:39 am.
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RBI to sell 91-day treasury mbills at 9%: Poll

Posted on Wednesday, February 12, 2014 - 19:46 pm

The Reserve Bank of India is expected to sell 91-day treasury bills at 9 per cent, higher than the 8.9807 per cent at last week’s sale, according to the median estimate of a Reuters poll of 10 banks and primary dealers.

For the 91-day t-bills, the highest forecast was 9.05 per cent, while the lowest was 8.907 per cent.


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Posted by on Wednesday, February 12, 2014 - 19:46 pm.
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Market volumes tank 50 per cent on bank strike

Posted on Wednesday, February 12, 2014 - 11:57 am

The two-day bank strike has caused stock market volumes to tank, as brokers reduced the exposure they allowed clients on account of funds remaining stuck in the banking system as checks failed to clear.


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Posted by on Wednesday, February 12, 2014 - 11:57 am.
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Textile sector on cusp of revival

Posted on Wednesday, February 12, 2014 - 08:39 am

The textile sector in India, in crisis for the past few years, may now be on the cusp of revival. Experts are turning optimistic as some spinning mills could restart if they manage to upgrade themselves.


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Posted by on Wednesday, February 12, 2014 - 08:39 am.
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Tech stocks take a breather

Posted on Wednesday, February 12, 2014 - 05:57 am

Software exporters, top performers on Dalal Street in 2013, have seen their popularity among investors wane of late. Resilience in the rupee against the dollar even after partial rollback of the US Fed’s stimulus package and rich valuations have prompted investors to trim their exposure to these stocks.


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Posted by on Wednesday, February 12, 2014 - 05:57 am.
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The worst isn’t over for emerging mkts: Mark Mobius

Posted on Monday, February 10, 2014 - 13:30 pm

The worst isn’t over for emerging markets after the benchmark stock index sank to a five-month low and the nations’ currencies tumbled, said Templeton Emerging Markets Group’s Mark Mobius. “The negative sentiment is pretty much in place so you can expect a lot more selling,” Mobius, 77, who oversees more than $ 50 billion in developing-nation assets as an executive chairman at Templeton, said in an interview from Rio de Janeiro.

“We are looking but actually not buying at this stage. Prices can come down or take time to stabilise.” The outlook from Mobius, a consistent advocate of emerging markets who’s been investing in the countries for more than 40 years, contrasts with that of Jim O’Neill , who created the BRIC moniker for the four largest developing economies and said this week that the rout created a buying opportunity.


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Posted by on Monday, February 10, 2014 - 13:30 pm.
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Devangshu Datta: The political guessing game

Posted on Monday, February 10, 2014 - 08:00 am

The ability to keep people guessing is probably an essential qualification for being an effective central banker. If the markets and the politicians know what the central bank is likely to do, they may respond to the monetary policy in ways that dampen its desired impact. Raghuram Rajan possesses this soft skill in abundance.


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Posted by on Monday, February 10, 2014 - 08:00 am.
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The worst isn’t over for emerging markets: Mark Mobius

Posted on Saturday, February 8, 2014 - 13:29 pm

The worst isn’t over for emerging markets after the benchmark stock index sank to a five-month low and the nations’ currencies tumbled, said Templeton Emerging Markets Group’s Mark Mobius. “The negative sentiment is pretty much in place so you can expect a lot more selling,” Mobius, 77, who oversees more than $ 50 billion in developing-nation assets as an executive chairman at Templeton, said in an interview from Rio de Janeiro.

“We are looking but actually not buying at this stage. Prices can come down or take time to stabilise.” The outlook from Mobius, a consistent advocate of emerging markets who’s been investing in the countries for more than 40 years, contrasts with that of Jim O’Neill , who created the BRIC moniker for the four largest developing economies and said this week that the rout created a buying opportunity.


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Posted by on Saturday, February 8, 2014 - 13:29 pm.
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