Archive for the ‘Finance News’ Category

Bubble Motion, the world’s first voice short message service provider, today announced that it has secured US$10 million in series B funding from Sequoia Capital US and India respectively. Full story

According to a new CRISIL study, the credit profiles of large and medium-sized Indian paper producers could come under strain due to their capital expenditure (capex) plans.  Full story

Among the many far-reaching results of the financial crises in the 1980s and '90s was an accentuated focus on credit risk in emerging markets that led to sounder banking systems driving more stable and sustainable growth rates, says a report published today. Full story

The commodity market, worldwide and in India, is witnessing exponential growth and trading in futures is becoming an important activity in the financial markets. Full story

In the report, titled, "Behind The Boom In Emerging Markets Equity Investing," Alka Banerjee, Vice President, Index Services, at Standard & Poor's, details these and other observations, including results from a recent global survey of 175 emerging market fund managers. Full story

Standard & Poor's Ratings Services today assigned its 'BB-' rating to Bank of India’s (BoI; BB+/Positive/B) proposed upper Tier II subordinated and hybrid Tier I notes under its US$1 billion MTN program. Full story

United Western bank acquisition story is getting more and more interesting as there seems to be mad rush among banks to acquire beleaguered United western bank Full story

It seems that rising crude oil prices have brought cheers to alternative energy sector in a big way. in a latest release Suzlon Wind Energy Corporation (SWECO) - a subsidiary of Suzlon Energy A/S of Denmark, the international business arm of Suzlon Energy Limited - has signed yet another 105-megawatt deal with Edison Mission Group (EMG), for 50 units of Suzlon’s S88–2.1 MW wind turbine. Full story

CRISIL has assigned the provisional ‘AAA(so)’ ratings to Franklin Templeton Capital Protection Fund’s three-year and five-year plans; Full story

Playing down overall ongoing euphoria in Indian Market over private equity and venture capital investments, Evalueserve, a global research and analytics firm, has predicted stormy days ahaed. Full story