Foreign institutional investors had poured in INR11000 billion in the Indian stock market this month following the appointment of the new RBI Governor.
Asia/Pacific
Bhatia to raise Tata-Singapore Airlines issue at AirAsia board meeting
AirAsia India investor Arun Bhatia said he would question the Tata-Singapore Airlines joint venture after claiming he and AirAsia head Tony Fernandes were not informed about the transaction.
Hong Kong bank sales near 2008 valuation
Hong Kong's Wing Hang Bank Ltd. and Chong Hing Bank Ltd. might go on sale after valuations approached levels that were last seen during the 2008 global financial crisis.
China's richest man announces USD8 billion film park investment
Wang Jianlin announced his biggest single investment in the movie and television industry valued USD8.17 billion.
India Infoline Finance raises INR900 million through NCD issue
India Infoline Finance Ltd. said today that it had raised INR900 million through a public issuance of secured redeemable non-covertible debentures (NCD).
Latest News
RBI had increased its short term policy repo rate to 7.5% from 7.25%, a move which could have stock markets remain volatile.
A number of domestic milk producers were chosen by Chinese authorities as recipients of state subsidies and tax breaks.
India's private equity deals earned USD924 million for August 2013. Nearly 36 private equity deals with a volume of USD924 million were completed in August.
The partnership between Tata and Singapore Airlines could be a major game changer in the aviation industry where both firms invested USD100 million.
Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.
The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
Chinese authorities warned potential problems the Chinese banks could face if they don't beef up their capital requirements but Factbox figures from Reuters revealed a different scenario.
The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.
