Mutual Funds News

• Govt panel on ECB auctioning

  - HT - Sat 21 Nov, 01:25 PM

  As concerns rise over sharp rise inflow of foreign funds to India, the government will set up a joint committee under the finance ministry and Reserve Bank of India (RBI) to make recommendations on the introduction of a mechanism for auctioning...
• Indian consumers still cautious, playing safe

  - HT - Sat 21 Nov, 01:24 PM

  With bitter experience of slowdown still etched in their memory, and expecting Reserve Bank of India (RBI) to hike interest rates in early 2010, cautious Indian consumers are refusing to loosen their purse strings. Unsure of the pace of economic...
• Bharat Hotels to invest Rs 2,300 cr in four yrs
  

  - Indian Express - Sat 21 Nov, 03:07 AM

  Bharat Hotels Ltd, which runs the Lalit Suri Hospitality Group, will invest around Rs 2,300 crore in 42 hotels over the next four years. The company will invest around Rs 1,500 crore in its flagship luxury brand The Lalit and Rs 750-800 crore in...
• JSW seeks partners for alumina, cement plans
  

  - Indian Express - Sat 21 Nov, 03:05 AM

  Hit by the economic slowdown and a shortage of funds, the $3.7-billion JSW Group is now looking for partners for its greenfield projects in alumina and cement. The company has taken the first step in its endeavour of partnership by collaborating...
• Essar Comm to file revised bond offer doc

  - Reuters - Fri 20 Nov, 09:40 PM

  MUMBAI (Reuters) - The Reserve Bank of India (RBI) has sought a revised offer document from Essar Communication Holdings that details how it plans to use funds raised in a $920 million bond issue, two sources with knowledge of the development...
• Galleon sells its stake in Edelweiss

  - Reuters - Fri 20 Nov, 09:40 PM

  MUMBAI (Reuters) - Hedge fund Galleon, which is winding down its funds after its founder was accused of heading an insider trading ring, has sold its holding in Edelweiss Capital, stock exchange data...

EARLIER HEADLINES

• Fund flows rush to emerging mkts, commodities - EPFR
  - Reuters - Fri 20 Nov, 04:01 PM
• INTERVIEW - Govt won't tax capital inflows - official
  - Reuters - Fri 20 Nov, 02:20 PM
• JFE, Jindal in pact to make automobile steel
  - HT - Fri 20 Nov, 12:10 PM
• Sun Life eyes U.S. insurance acquisitions
  - Reuters - Fri 20 Nov, 02:20 AM
• Q+A - How will India manage rising capital inflows?
  - Reuters - Thu 19 Nov, 05:00 PM