Category: Other
India urged to allow foreign investment in pensions sector
NEW DELHI, Jan 3 Asia Pulse – The Indian government should allow FDI in the pension sector as this will increase the volume of assets which can be used to develop the country’s infrastructure, an industry study has said. “FDI in pension funds will further increase the volume of assets that can be invested into […]
Sales growth of 6,500 Indian firms drop to 20% in Jul-Sept
NEW DELHI, (Asia Pulse) – The sales growth of about 6,500 Indian companies declined by 7 percentage points to 20 per cent in the July-September quarter compared to the previous quarter, a study by Assocham has said. “With rising interest rates, the cost of borrowing has increased, investments have dried up and profit margins have […]
’13
NEW DELHI, (Asia Pulse) – The Indian auto industry may continue to face tough times till the first quarter of 2012-13 as firms are expected to hike car prices by up to 10 per cent, resulting in reduced demand, a study has said. “The hike in car prices would mainly be driven by high interest […]
‘s Sebi bars 7 companies from capital market
MUMBAI, Dec 30 (Asia Pulse) – India’s market regulator Sebi has barred several companies, their directors, merchant bankers and other related entities from participating in the securities market till further order for violating IPO norms. The merchant bankers who have been prohibited from participating securities market, include “PNB Investment Services, the book running lead manager […]
Sri Lanka India fishing dispute talks in Jan
Dec 29, 2011 (LBO) – Sri Lanka and India will hold talks on resolving a fishing dispute which escalated after the end of a 30-year war, when a joint working group meets in January. Fisheries minister Rajitha Senaratne said Sri Lanka will hold talks with an Indian delegation made up of state and central government […]
Hedging Cost
Dec 29, 2011 (LBO) – A Singapore arbitrator has ordered Citibank to pay Sri Lanka’s state petroleum refiner 2.5 million US dollars as legal fees in an oil hedging deal dispute, a statement said. The arbitrator in August 2011 voided an oil hedging deal between Ceylon Petroleum Corporation and Citibank, rejecting the bank’s demand for […]
‘s Sebi proposes new regulations for investment advisors
MUMBAI, Dec 29 (Asia Pulse) – Indian market regulator Sebi has proposed new rules for investment advisors that will require them to be registered with a self-regulatory organisation (SRO) before undertaking such a role. The services will include financial advice, financial planning service and actions which would influence an investment decision. Besides, representatives of investment […]
India FDI drops 50-pct to billion dollars in Nov
NEW DELHI, Dec 28 (AsiaPulse) – Reflecting the economic slowdown in the world’s major economies, foreign direct investment into India dipped by over 50 per cent to US$1.16 billion in October for the second month in a row. The country had received US$2.33 billion overseas investment in the same month last year. In September, the […]
Indian job market forecast to see slower hiring activity
NEW DELHI, Dec 27 (Asia Pulse) – The Indian job market is expected to see slower hiring activity, but double-digit salary hikes next year as employers are embracing a “cautiously optimistic” approach amid the economic uncertainty. However, apprehensions are high that the economic slowdown and declining industrial output could seriously affect the hiring plans of […]
Sri Lanka plans remote aerial, underwater marine research
Dec 27, 2011 (LBO) – Sri Lanka’s marine researchers are planning to use aerial and underwater unmanned vehicles with remote sensing technology to study the oceans around the country, officials said. Sri Lanka’s National Aquatic Research Agency (NARA) wants to team up with the island’s air force to use unmanned aerial vehicles (UAVs) for marine […]
Indian growth projected at 7.6-pct for 2011: RBI Gov
VIJAYAWADA, (AsiaPulse) – Reserve Bank of India Governor D Subbarao said the economic growth rate for the current fiscal year is projected at 7.6 per cent as against earlier projections of 8 per cent. While hoping to tame down the inflation below 7 per cent by the year end, Subbarao said he was not sure […]
Falling rupee lifts Indian PC prices
NEW DELHI, Dec 23 (AsiaPulse) – Indian computer maker HCL INFOSYSTEMS has increased prices of desktops, laptops and servers by 10-15 per cent September onwards, as the depreciating rupee has pushed up its imports bill. “The hike has been gradual, we have had to increase prices from September onwards,” HCL Infosystems CEO Harsh Chitale told […]