ICRA has revised its growth forecast to 5.7% from 6.2-6.4% for financial year 2013. According to the rating agency, deficient monsoons could have an implication for growth, inflation and fiscal deficit.
The bonds have been priced at 4.7%, that is 390 basis points over the 5-year US Treasury Note, at a price of Rs 101.835.
Religare, India Infoline, Muthoot Finance and Shriram City may come to the market in the next two weeks with issues offering returns of up to 13%.
Lakshmi Vilas Bank’s net profits grew to Rs.25.23 crore in the quarter ended June 31 from Rs.24.58 crore same period last year.
On a year to date basis, India received flows worth $11 billion in equities and $4.7 billion in debt investments.
Yields on ten year bonds are trading at 8.16 percent,having risen from yesterday's closing of 8.14 percent, after the RBI expressed helplessness in taking monetary action
Sectors that have been worst hit is IT/BPO, were the employment declined from 0.670 mn in 2010-2011 to 0.104 mn in forth quarter of 2011-12.
The prevailing situation of deficit monsoon will have an impact on the performance of the agricultural sector as well as on other sectors, according to CII.
Reserve Bank of India Governor Duvvuri Subbarao has tried his best to downplay expectations of an interest rate cut.
Interest rates on short-term securities such as commercial paper are at a year's low as a finance ministry diktat on bulk deposit limit pushes state-run banks out of the market, leaving room for companies.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon