Nov 03, 2015
Foreign investors’ appetite to acquire limits for Indian government securities seems to have gone down somewhat with the highest bid on Monday’s auction coming in at 62 bps against the 82 bps seen on October 12.Against an available limit of Rs 852 crore that was put up for auction on Monday, FPIs put in bids worth Rs 1,678 crore — almost twice the notified amount. On October 12, however, foreign investors had put in bids worth Rs 17,266 crore to acquire limits on a notified amount of Rs 5,600 crore — three times the notified amount.
CORPORATE & OTHER LAWS SEBI
SEBI to keep a close tab on price cartels in commexes
Nov 03, 2015
Price cartels, which enjoyed a more or less free run in the commodity futures market till recently, will soon be on watch. The Securities and Exchange Board of India (SEBI), which only a month ago undertook regulation of the decade-old commodity futures market, will modify its state-of-the-art integrated market surveillance system (IMSS) used in the equity market, to track unusual price spikes and trading patterns in farm futures on bourses like NCDEX and MCX.
FINANCIAL MANAGEMENT COMMODITIES
Coal India production rises 10% in October
Nov 03, 2015
The state-run coal miner Coal India (CIL) reported a production growth of over 10% to 44.37 million tonnes (mt) for October, which helped the company post a production increase of 9.2% for the April-October period of the current fiscal to 273.91 mt, compared to the corresponding period of the last fiscal. The company also improved the evacuation of coal to consumers by 9.9%. For the first seven month of this fiscal, CIL managed to raise its off-take by 9.2% to 295.80 mt.
MISC. BANKING
Nov 03, 2015
Indian Bank has posted an 18 per cent growth in net profit at Rs 369 crore during the September 2015 quarter, compared to Rs 314 crore in the year-ago period. The bank’s total income increased to Rs 4,579 crore during the quarter under review from Rs 4,340 crore a year ago.“The operational profit has increased sequentially. Depreciation retrieval is around Rs 100 crore. The provision on slippages came down even though the provision coverage ratio was increased as part of prudent banking activities,” said Mahesh Kumar Jain, managing director and CEO (additional charge), Indian Bank.
FINANCIAL MANAGEMENT CORPORATE WATCH
Bharti Airtel will have revenue growth of 8-10%: Moody’s
Nov 03, 2015
Country’s largest telecom operator Bharti Airtel will have a revenue growth of 8-10 per cent over the next 12-18 months on strong demand for data services and affordable smart phones, Moody’s Investors Service said on Monday. The aggregate average revenue of telecom operators in Asia Pacific will increase 3-4 per cent over the next 12-18 months, similar to 2014 growth rate of 3.8 per cent and trending in line with forecast average GDP growth for the region and its outlook for the industry is stable, it said.
The content of this article is intended to provide a general guide to the subject matter.Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional endeavors. For query or help, contact: singh@carajput.com or call at 9555555480.
Popular blog:-
LLP Incorporation and Annual Compliances
Post-Incorporation Compliances Filling of LLP
New cheque clearing process in India starting from October 4, 2025 Existing System (Until Oct 3, 2025) : Clearing Method:… Read More
Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer… Read More
Taxation Comparison: Gold Coin vs Gold Jewellery Tax Aspect Gold Coin Gold Jewellery ITR Reporting Treated as a capital asset.… Read More
Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)- Taxation U/s 115BBH Applicability on Virtual… Read More
Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’… Read More
Quick Guide on GST Marginal Scheme What is GST Marginal Scheme Meaning : The GST Margin Scheme is applicable primarily… Read More