RIL hits overseas debt markets again, launches over $500-mn issue


Dated:28 January,2013
Top Headlines
Sensex ends flat ahead of RBI policy meet

The wide-based National Stock Exchange index Nifty ended up 0.15 point to 6,074.80, after moving between 6088.40 and 6061.40.

RIL hits overseas debt markets again, launches over $500-mn issue

RIL which is sitting on over Rs 75,000 cr in surplus cash, today launched an issue of bonds in HK and S'pore markets to raise a minimum $500 mn.


While the bank acknowledged that the fears of a sovereign downgrade are real, it does not expect a rating cut to actually happen.


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India has lust for gold and real estate, and in the next few years it will lust for equities, says Ramesh Damani.

Foreign investors who have been waiting would probably again come in and invest money, says Vikas Khemani, Edelweiss securities.

Maruti Suzuki surged over 2% in early trade on Monday after most brokerages upgraded the stock and raised its target prices by 10-30%.
Market Round-up
SENSEX 20103.35 -.18
NIFTY 6074.80 .15
S&P500 1,402.22 .87
NASDAQ 3,011.25 -4.61
USD/INR 53.9491 -.00
NSE Gainers
Scrip Price(Rs.) %Change

2.55 + 18.60

56.25 + 17.55

374.70 + 13.82

76.25 + 12.38

14.55 + 12.36
NSE Losers
Scrip Price(Rs.) %Change

81.95 -51.65

71.75 -47.38

2.70 -20.59

93.05 -12.38

8.70 -9.38

Sensex ends below 20k | Rate cuts to spur growth



Dated:January 29,2013
Top Headlines

In its latest report following RBI's move to cut rates, BofA-ML says that growth will bottom out in middle of 2013.


Developers, bankers and consultants say this rate cut could give a boost to home sales, which have been lagging over the last few quarters.


I don't believe that Yashwant Sinha has said anything to the contrary. He has supported my view and I am very happy that he has supported me, said, Ram Jethmalani.


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Here is how ET's panel of nine CEOs picked the final list. Only 28 made the cut. Team ET sat through the interviews.
The upcoming government directive to companies to spend 2% of their net profit on CSR activities is making them think, strategise, plan and discuss more deeply.
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Market Round-up
SENSEX 19990.90 -112.45
NIFTY 6049.90 -24.90
NASDAQ 3110.78 -6.72
DJIA 13534.89 27.57
RS/$ 54.81 -0.20
NSE Gainers
Scrip Price(Rs.) %Change

3.35 + 19.64

24.65 + 12.30

1.50 + 11.11

17.55 + 11.08

102.80 + 10.48
NSE Losers
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8.00 -16.67

118.80 -10.20

23.85 -9.83

2.90 -9.38

32.60 -8.94

RBI SLASHES REPO RATE, CRR BY 25 BPS; India Inc Happy About RBI Rate Cuts; Sensex Falls 112 Pts, Ignores Rate Cut By RBI

Tuesday, Jan 29, 2013


RBI SLASHES REPO RATE, CRR BY 25 BASIS POINTS  
RBI as expected cut its repo rate by 25 bps to 7.75%, its first in nine months. It surprised everyone by cutting Cash Reserve Ratio by 25 bps to 4% which will infuse Rs 18,000 crore into the banking system from February 9. RBI also lowered its inflation forecast for the current fiscal to 6.8% from 7.5%, but also admitted that inflation remains one of the key threats to its macroeconomic management going ahead as supply side constraints remain even after demand pressures have begun to ease. (Click On Video Icon Above For RBI Governor D Subbarao's Speech) read more  
LEAD STORIES
INDIA INC HAPPY ABOUT RBI RATE CUTS 
Reeling under slowdown, India Inc hailed the RBI's move to reduce Repo and CRR rate ,saying it will spur growth and ease tight liquidity condition. read more
SENSEX FALLS 112 PTS; IGNORES RATE CUT BY RBI 
Sensex ended at 19,990,while Nifty closed at 6,049 down 24.90 pts. Decline was led by rate sensitive counters like HDFC Bank which fell 2.7%. read more
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AT A GLANCE
BSE 19990.9 -112.45
NSE 6049.9 -24.9
TURNOVER
Rs. 333,609 cr
BSE CASH
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NSE CASH
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NSE F&O
Rs. 259,669 cr
BULLION
GOLD 30289 -49
SILVER 57884 +122
CRUDE
NYMEX 97.2 +0.76
BRENT 113.29 -0.19
FOREX
$ / Re 53.76 -0.15
£ / Re 84.392 -0.42
€ / Re 72.237 -0.47
EVENTS TO WATCH
28-31 January
5th International Packaging Exhibition Organised By Indian Institute Of Packaging, Mumbai
January 29-30
2013 FOMC Meet
1-3 February
5th Edition Of India Art Fair, New Delhi
4-5 February
Global Steel 2013, Taj Palace , New Delhi
10 February
2013 Grammy Awards, Staples Centre, Los Angeles
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P Chidambaram
Finance Minister
"India's economic growth is stalled because government policies are framed in isolation and ministries are not working in concert. One ministry does something but the benefits of what they have done won't trickle down because other ministry has not done what it is supposed to do."

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