RBI has made restructuring of debt by companies tougher, Promoters would now have to bring — upfront — at least 15% of the money that bankers will lose in case of debt restructuring packages. http://www.business-standard.com/india/news/corporate-loan-recast-norms-made-tougher/390631/
IMF head Dominique Strauss-Kahn said on Sunday the world economy was not "out of the woods" despite a faster recovery in developing and emerging countries than earlier forecast. He said that although global recovery was "resuming sooner than expected, private demand was still not strong enough to signal the end of the prolonged recession experienced by the world economy.
http://business.rediff.com/column/2010/apr/01/column-how-to-make-bsnl-and-mtnl-more-relevant.htm How to make BSNL, MTNL more relevant
http://events.vccircle.com/vccircle_intro.php?event_id=23&ntype=1 VCCIRCLE INDIA INVEST 2010: THE LP-GP ROUND TABLE
The average assets under management (AAUM) of domestic funds fell 5% in March as compared to February. This was mainly due to the closure of the financial year and redemptions by financial institutions in the later part of the month. According to data released by the Association of Mutual Funds in India, the AAUM for March were Rs 7,43,950.45 crore as against Rs 7,81,711.52 crore in February.
The HSBC Markit Purchasing Managers' Index , based on a survey of 500 companies, fell to 57.8 in March from 58.5 in February, which was the strongest since June 2008. A reading above 50 means activity is expanding.
Country's foreign exchange reserves fell by $1.151 billion to $277.042 billion for the week ended March 26, against $278.193 billion in the previous week.
Major Steel producers SAIL, JSW and Essar increased prices of their products by up to Rs 2,500 a tonne due to rising input cost in a move that could make automobiles and consumer durables costlier.
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