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| Today's News |
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January 06, 2009
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Financially, the worst is over
New Delhi: Financial market analysts expect the market to pick up in 2009, aided partly by the liquidity-boosting measures taken by central banks around the world and Jeff Chowdhry, head of emerging equities at the London-based F&C Investments expects investor money to start flowing into India again. |
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Co FDs bloom as equity, debt markets dry up
Mumbai: In the last six months, the corporate public deposit market has almost doubled to Rs 700 crore (US$ 143.78 million) to Rs 800 crore (US$ 164.33 million) a month and is expected to reach around Rs 1,500 crore (US$ 308.13 million) by the end of the fourth quarter of 2008-09, according to channel partners for companies accessing deposits. |
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TTSL, Quippo merge tower biz, create Rs 13k-cr entity
New Delhi: Telecom service provider, Tata Teleservices (TTSL), today merged its infrastructure business with independent infrastructure equipment rental company, Quippo Telecom Infrastructure (QTIL), to form the country's largest independently managed tower company with an enterprise valuation of Rs 13,000 crore (US$ 2.67 billion). |
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Analysts see agro cos yielding high in 2009
Mumbai: Equity analysts predict a bright outlook for the agro-chem industry in 2009 as India is now recognised as an important source for supply of generic products and a net exporter of agrochemicals. |
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Changi Airport buys 26% stake in Bengal Aerotropolis
Kolkata: Changi Airport India Pte Limited, the 100 per cent subsidiary of Singapore's Changi Airport International, has picked up a 26 per cent stake in Bengal Aerotropolis Projects Ltd (BAPL), which is setting up a Rs 10,000-crore (US$ 2.05 billion) airport city in Durgapur. |
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FMCG co chiefs expect double-digit growth in Q3
Mumbai: The Rs 85,000-crore (US$ 17.46 billion) Indian fast moving consumer goods (FMCG) industry is expected to register a healthy growth in the third quarter of 2008-09 despite the economic downturn, according to industry analysts. |
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USEL to invest Rs 50,000 cr in Gujarat in partnership with Salim Group
Ahmedabad: The Singapore-based Universal Success Enterprises Ltd (USEL) has chalked out plans to invest Rs 50,000 crore (US$ 10.27 billion) in Gujarat in the next 10 years in partnership with Indonesia's Salim Group. |
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