CHINA CENTRAL BANK CAUTIOUSLY PURCHASING STAKES IN INDIAN COMPANIES: REPORTS

Highlights

• People’s Bank of China (PBoC) holds 1 percent stake in HDFC, 0.43 percent in Piramal Enterprises and 0.32 percent in Ambuja Cement

• According to the reports, Chinese banks are intentionally buying stakes in those companies that are strategically i...

SHRIRAM FINANCE HOLDS THE PLAN TO MERGE WITH RBI

Highlights:

• Shriram finance holds the plan to merge with Reserve bank of India (RBI) after the Indian central bank has requested it to cut its stake in the insurance sector.
• The central bank initiated the request as the insurance sector is not the rem...

Piramal launching new bonds

The Indian finance scene may have been crumbling, but this has not affected the bond investments as they have been rising irrespective of what the market outlook is and what the Indian finances are doing terms of failures and slowing economy and falling banking sectors too. The bonds have been ju...