Foreign institutional investors had poured in INR11000 billion in the Indian stock market this month following the appointment of the new RBI Governor.
Finance/Venture
Qatar National Bank formalizes loan agreement
In an agreement with United Development Company, Qatar National Bank entered a credit loan facility to purchase units at The Pearl-Qatar.
Report: JC Flowers attractedto purchase Lloyds' TSB unit
PE firm JC Flowers had expressed its interest in Lloyds' TSB unit according to a Sunday Telegraph report without citing sources.
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).
Senaat to do IPO
Senaat, because of surging stock values, had engaged the services of banks to run its IPO. Senaat, Abu Dhabi holdings firm, owns companies such as National Petroleum Construction Co, has engaged the services of HSBC Holdings Plc and JP Morgan Chase & Co for a share sale.
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.
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.
US President Barack Obama said he would not raise the country's debt ceiling nor would he negotiate with congressional Republicans to give in their attempt to decrease funding for Obama's healthcare law.
The US Federal Reserve surprised markets last Wednesday after it announced that it would continue its monthly bond buying at USD85 billion for now.
The US Federal Reserve might be more comfortable in implementing its stimulus reduction as increasing rents and healthcare costs had shown some stability in underlying inflation.
Populist movement Occupy Wall Street had marked its second anniversary through a planned march the United Nations office and a protest near the New York Stock Exchange.
The poverty rate of Americans rose to 46.5 million from last year shown in the stock market, according to a US Census Bureau data.
Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
The Oracle Team USA funded by billionaire Larry Ellison remained in the running for America's Cup after Team New Zealand failed to win the Cup on Friday.
