Shares of state-run Engineers India plummeted by nearly 13% on the Bombay Stock Exchange (BSE), a day after the government set the price band of the company’s follow-on public offer at `270-290, which is at a discount from the current market price.
Shares of Engineers India fell 12.80% to touch an intra-day low of `294.40 on [...]

State-owned IDBI Bank will seek the approval of its shareholders for Rs 3,119.04-crore capital infusion by the government in its annual general meeting, to be held on Thursday.
The capital infused through preferential allotment of shares to the Government of India would augment capital adequacy, IDBI Bank informed the Bombay Stock Exchange.
The government currently holds 52.6 [...]

Indian federal bond yields eased from 5-week highs on Tuesday as worries of an immediate rate hike abated after the finance minister said late on Monday that he was not in favour of altering interest rates right now, traders said.
The yield on the Indian 10-year benchmark bond was at 7.65 percent, below Monday’s closing of [...]

Central bond yields inched up on Wednesday, tracking US cues and ahead of a 30-billion-rupee treasury bills sale, amid tight cash conditions. At 9:25 am, the yield on the 10-year Indian benchmark bond was at 7.47 percent, one basis point higher than Tuesday’s close.
The government will sell Rs 2000 crore of 91-day and Rs 1000 [...]

The Reserve Bank of India on Thursday said it may come out with guidelines on new banking licences in about three months.
“It may take three months. It all depends on what are the situations and complexities of issues,” RBI deputy governor K C Chakrabarty said on the sidelines of an event organised by SKOCH.
Last month, [...]

The Reserve Bank must be careful while tightening its monetary policy to address concerns over inflation because ensuring high growth is an equally important task, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Wednesday.
‘The balance between controlling inflation and protecting growth is an issue which the people responsible for short-term monetary policy have to take [...]

Yields have increased 10 basis points since Finance Minister Pranab Mukherjee announced in his Budget that Rs 4.57 lakh crore ($100.3 billion) will be raised from the market. India needs fiscal restraint to resume a faster pace of economic growth, Mr Mukherjee said on March 6.
“Investors probably see some silver lining, since there is no [...]

Indian markets closed above crucial resistance levels Monday after sentiments turned bullish after Finance Minister Pranab Mukherjee presented the Union Budget for 2010-11 in the parliament. Positive cues from global markets also boosted sentiments.
Indices opened with a gap-up for the first time after the budget was announced Friday. The rally was led by auto, metals [...]

Indian federal bond yields edged up in thin trade on Tuesday on concerns about government borrowing in the next fiscal year and worries about speeding inflation due to an increase in fuel prices.
The yield on the benchmark 10-year government bond was at 7.87 percent after rising to 7.88 percent in early deals. It had had [...]

Government bond yields eased four basis points to 7.78 per cent after the finance minister projected the fiscal deficit for the next fiscal year at 5.5 per cent, which was lower than market expectations.
The yield on the benchmark 10-year government bond fell to 7.78 per cent after the FY11 fiscal deficit announcement. It had ended [...]