Briefly Business: HSBC cuts India’s growth forecast to 5.7% for this fiscal

HSBC cuts India’s growth forecast to 5.7% for this fiscal

Written by Press Trust Of India | Published: September 14, 2012 12:38 am

HSBC cuts India’s growth forecast to 5.7% for this fiscal

new delhi: HSBC has cut India’s growth forecast for this fiscal year to 5.7 per cent from 6.2 per cent projected earlier,citing lack of “reform traction” in the country and weak global economic backdrop.

Sebi rejigs primary market panel

mumbai: Market regulator Sebi has reconstituted its Primary Market Advisory Committee (PMAC),which advises it on regulation and development of primary market segments. The panel would be chaired by TV Mohandas Pai.

Maldivian airlines to start flight to Mumbai

NEW DELHI: Maldivian Airlines is starting direct flights between Male and Mumbai from November 15 onwards. It will fly thrice a week,initially.

Religare Finvest to raise Rs 500 cr via NCD

New Delhi: Religare Finvest today said it is planning to raise up to Rs 500 crore through retail issuance of non-convertible debentures (NCDs) to support its financing activities.

Wockhardt’s financials improving: chairman

mumbai: Pharmaceutical firm Wockhardt Ltd,said its financials were improving and has settled its liabilities towards

FCCBs,its chairman Habil Khorakiwala told shareholders at the company’s AGM here.

Centre wants land banks for NIMZs

new delhi: The Centre has urged state governments to create land banks for setting up manufacturing zones for boosting industry and promoting job creation.

Karl Slym takes charge at Tata Motors

MUMBAI: Tata Motors said Karl Slym,who was slated to take over as the company’s Managing Director from October 1,has taken up the assignment ahead of schedule.

SpiceJet in talks with Gulf carriers for funds

MUMBAI: No-frill operator SpiceJet said it is talking to Gulf-based carriers to divest its holding if the government changes its policy stance.

‘Demarcate a/c for ASBA in public offers’

mumbai: Sebi has directed banks to clearly demarcate separate accounts for public offer applications,filed under ASBA facility — under which money remains in the investors’ accounts till the time of share allotment.

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