Sebi announced its verdict on the dairy scheme utilized by HBN Dairies and Allied Ltd. Sebi made its move today to prevent an investment scheme involving public funds collection that were used to purchase cattle.
Tags: India
Worldfloat to expand using games
Worldfloat saw its customer base increase due to unique game. Worldfloat, an Indian-based social networking site, expects to have its membership base expand to around 20 million in the next few weeks.
India to benefit from ADIA's US$200 million investment
Abu Dhabi Investment Authority laid out plans to invest US$200 million in Indian real estate. Abu Dhabi Investment Authority revealed plans to make investments of about US$200 million in Indian real estate emphasizing a trend for significant Gulf sovereign wealth funds to diversify from developed markets such as Northern American countries and Europe, two sources with knowledge of the deal said.
India banks brainstorm to save rupee amid volatility
The Indian currency slowly depreciated amid the volatile investment atmosphere. In response to the slowly depreciating rupee, the government of India is looking at any possible options available to them, said the country's Chief Economic Adviser Raghuram Rajan.
India state agencies address volatility
The US Fed Reserve's stimulus contraction affected the rupee-dollar trading. The Indian investment industry experienced an extremely volatile environment this week.
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In order to attract foreign businesses, India removed a 10% levy in its sugar sector. Direct investments and foreign ventures are expected to come towards the global sugar industry, said India's top sugar producer Balrampur Chini.
To increase investments in the research and development sector of India, a government panel created new guidelines.
India’s Road Minister Oscar Fernandes said that unless major lands are handed over, financial institutions that would lend for the construction of expressways in the country could possibly shy away.
The Competition Commission of India (CCI) said that it would approve the proposed Jet-Etihad deal provided that the two carriers supply it with enough information.
India’s government held a meeting today with as many as eight banks as it weighed its options to sell the country’s debt abroad.
Infosys Q1 results were as expected and stocks rose by around 15%. Infosys first quarter report was aligned with market expectations. Shares of the IT firm also rose almost 15% early morning in Friday.
According to Bain Capital, India's slowing down resulted in lack of investment opportunities. "India is slowing down," says Nikhil Raghavan, a principal at Bain Capital LLC.
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
India's Flipkart raised US$200 million from a clutch of private equity funds. On Wednesday, India's Flipkart raised US$200 million from a clutch of private equity funds.
