Tag: finance

Guidelines to be Followed While Investing: Ministry of Corporate Affairs

20 Jul 11: The Ministry of Corporate Affairs, under the aegis of Investor Education and Protection Fund, recently issued a notice in public interest advising few measures which are to be taken while depositing/investing in collective schemes of any entity…

Center Takes Major Steps to Curb Black Money

In wake of increased pressure on center to reveal the details of top officials saving black money in the Swiss banks, Finance Minister of India had announced that these details cannot be revealed without a legal frame work. The government…

Hyderabadi Microfinance Company Gets Great Response for IPO

Generally, It is very rare to find a Hyderabad-based company in a industry leading position and more still an innovator in this area. SKS is a is non banking company, registered with Reserve Bank of India. It is regulated by…

AP Passes Appropriation Bill Without Any Debate

Without any debate, for the first time, the state Assembly of Andhra Pradesh passed the Appropriation Bill (It is a bill which allocates money aside for particular spending) permitting the government to spend the allocations (distributions) in Budget. As the…

SKS Microfin to File for IPO

SKS, a Hyderabad based company is the first microfinance company that plans to raise about Rs.1,125 crore through the initial public offering (IPO). According to its share sale document, SKS, India’s largest microfinance company (MFI) plans to sell 1.68 crore…

Why Foreigners are Attracted Towards Indian Stock Market

Due to the global recession, sensex plunged to 8,160.4 (as of March 2009) but within a few months, it surged to 17,198 (as of November 2009). The reason it is not due to the strong fundamentals or because India is…

World Bank’s Loan to improve Civic Amenities in State

We are witnessing civic work developments in some regions of Greater Hyderabad these days. They are about to increase in the coming days as the World Bank has agreed to sanction a loan to Andhra Pradesh Municipal Development Project. The…