NSE WEEKLY NEWS UPDATE
Cabinet clears insurance FDI to 49%; to fetch Rs 25k crore funds
The Cabinet on Thursday gave go-ahead to FDI cap hike in insurance to 49 per cent with a rider that management control will remain in the hands of Indian promoters, thus paving way for inflow of as much as Rs 25,000 crore foreign funds in the sector.


FII sub-limit in G-secs raised by $5bn
The RBI on Wednesday said the FII limit for investment in government securities has been increased by $5 billion within the total cap of $30 billion. The central bank said in a notification the limit has been enhanced by reducing the investment limit for long-term investors from $10 billion to $5 billion. Long-term investors include sovereign wealth funds (SWFs), multilateral agencies, pension, insurance funds and foreign central banks registered with Sebi.

Tata Power generation up by 24%
Tata Power has generated 45,210 MUs (million units) of power collectively from all its power plants in the year 2013- 14, compared to 34,683 MUs in the previous fiscal. This marks a significant increase of more than 24 % in generation, with the total power generation capacity of Tata Power.

CBI registers preliminary probe against Adani Group
CBI has begun an inquiry into the alleged inflated credit facility Adani Group got from banks by over-invoicing imported power sector equipment to the tune of Rs 2,300 crore. CBI sources said the Adani Group had allegedly taken credit facilities from several public sector banks for equipment for power infrastructure. When contacted, Adani group officials said they were not aware of any such development and no such communication has been received from CBI in this regard.


For Quick Trial – 0896200022
Or mail us here: [email protected] or visit
http://www.ways2capital.com/
Contact - 0731-6554125
Or
http://www.ways2capital.com/free-trial.php