Banking

The banking industry in India is sufficiently capitalized and regulated. The economic and financial conditions here are better than in any other country. Liquidity, credit, and market studies have proven Indian banks to be resilient. They have negotiated the downturn in the global economy well. The Reserve Bank of India (RBI) is the topmost body monitoring the Banking Industry. Any shortcomings or discrepancies are dealt with by the RBI....
 The Indian Commerce and Industry Minister on Friday said that his Ministry will go ahead with the Foreign Direct Investment recommendations for the retail and defence sector in the country. A draft discussion paper of the industry department proposed to allow 51% FDI in the currently out of bound multi-brand retail sector, but with attached conditions.  In the government note, it is proposed that foreign multi-brand retail chains...
Funding for renewable energy projects is expected to become easier in India as Banks and private equity investors begin to look at clean energy projects as viable businesses propositions to invest in. HSBC chief executive, Stuart Davis, said that there were numerous investors who were keen on getting into the renewable sector if a viable business proposition from the sector is proposed. As such, it is hoped the ease of funding will follow such...
International Business Machines Corp. (IBM) is looking for viable investments in India and globally in its ambition to double its earnings in five year time period through expansion in new and emerging economies, with a focus on software and services. The company has an estimated $20 billion, about Rs 93,660 crore worth of investment funding that it intends to use in the expected Indian and global acquisitions. IBM’s CEO had earlier laid...
The Standard Chartered Private Equity announced it has three to four planned Indian investments in the pipeline by end of 2010. According to the bank, opportunities abound in acquisition financing in the country, the third largest economy in Asia. Its Indian unit managing director said the bank’s private equity segment hopes the recent government rule requiring listed firms to have a public float of a minimum of 25% will see deal sizes and flow...
Essar business process outsourcing arm (BPO), Aegis, reported that it is currently working on various strategies to hit its targeted $1 billion revenue mark. The company has been shopping for investments lately, recently investing in AGC Networks in an acquisition purchase that saw its approximated earnings stand at about $700 million with its headcount reaching 40,000. Aparup Sengupta, Aegis MD and SEO said the company was currently...

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