Has the time come to reconfigure the famous BRIC acronym? If today’s chart of the day is any indication, it has perhaps. As the chart shows, by logging in two consecutive quarters of high GDP growth rates than India, the emerging market of Indonesia has staked a strong claim to take India’s position in BRIC. [...]
Term Insurance
Key features, you should look before buying any term Insurance A person should get term insurance if he has any dependents, it could be children, wife, parents. Term plan also protects your dependents against any loan payments or liabilities you might have. With a nominal premium, you can get excellent coverage. Term plan is certainly [...]
Other nations include India face downgrade: S&P
Ratings agency Standard & Poor’s on Monday cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which ‘are still to come out of the economic meltdown of 2008′. “The implications for sovereign creditworthiness in the Asia-Pacific would likely be more negative than previously experienced and a larger number of [...]
Indian banks’ margins may shrink in 2011
Agencies, The Financial Express The net interest margins of Indian banks are expected to shrink in 2011, despite an estimated growth of 20-22 per cent in loans, due to a rise in interest rates and lenders will be forced to raise deposit rates to manage liquidity. Rating agency Fitch’s report on the ‘Indian Banks Outlook, [...]
Combating inflation is govt’s top priority: President
Live MINT The top priority of the government, she said, would include combating high prices especially of food items and sustaining momentum of economic growth New Delhi: Combating inflation and sustaining growth momentum may be the top priority, but the government on Monday said it would strive to push economic reforms to encourage foreign and [...]
SEBI approves Rs. 800 crore rights issue of SBBJ
Press trust of India, NDTV Profit Market regulator SEBI has given the nod for State Bank of Bikaner and Jaipur (SBBJ), the largest associate bank of SBI, to raise up to Rs. 800 crore through a rights issue. According to Securities and Exchange Board of India (SEBI) data, SBBJ filed its application with the regulator [...]
FII holdings in Indian PSUs on the rise
Press trust of India, NDTV Profit Overseas investors are increasingly reposing their faith and money in PSUs, with as many as nine public sector firms including Coal India, PowerGrid Corp and NTPC, recording an increase in FII holdings over recent months. According to an analysis of 11 public sector units that came out with initial [...]
Price stability high on agenda: Government
Press Trust of India, NDTV Profit The government has said high food inflation is adversely affecting the common man and it intends to employ various measures to tackle the situation, including schemes that will facilitate opening up farmers’ mandis and mobile bazaars. Some of the important steps the government intends to implement include schemes enabling [...]
Top 10 Investment Options in India
With a control free economy, supported by expert banking facilities, Indian capital market offers a plethora of investment options both for residents and NRIs. As per the investment plan an investor should thoughtfully select the best option available in the capital market that meets his requirements. While some plans accrue short term profits some are [...]
Seven things while Downturn
Billy Joel with his uptown Girl lyrics was a sensation in the 60s and 70s. Those were the days when uptown and downtown were the in-vogue words. Today it’s downturn which is garnering all the attention. And each one of us is part of the harsh transition from the upturn economy to the downturn economy. [...]