Fund raising via bonds issue jumps 147 per cent this fiscal

Financial year 2013-14 witnessed a public fund raising through primary market of Rs 71,370 crore (US$ 11.87 billion), 13 per cent higher than the previous fiscal’s Rs 63,056 crore (US$ 10.48 billion). As many as 35 issues raised Rs 41,989 crore (US$ 6.98 billion), higher by more than 147 per cent than Rs 16,982 crore (US$ 2.82 billion) last year through 20 issues.

FII inflows in equity hit Rs 80,000 crore in FY14

Foreign institutional investors (FIIs) have invested around Rs 79,709 crore (US$ 13.25 billion) in the Indian equity market during FY14, according to data released by Securities and Exchange Board of India (SEBI).

RBI relaxes rough diamond import norms

In order to further liberalise the norms for rough diamond imports, the Reserve Bank of India (RBI) has lifted restrictions on a number of mines abroad, to which advance remittances can be extended for such import of roughs.

PE investments double in Q1 of 2014

Private equity (PE) firms invested US$ 2.27 billion in India during January-March 2014 compared to US$ 1.18 billion in the same period last year, registering an increase of 93 percent

Bharti Airtel now second largest telecom operator in Nigeria

Bharti Airtel has become the second largest mobile telecommunications operator in Nigeria. Airtel Nigeria had a total subscriber count of 26,194,336 as on February 2014, according to data from the Nigerian Communications Commission.

Home loans grew 20 per cent in 2013-14

Banks and housing finance companies (HFCs) together registered 20 per cent growth in home loans in FY14, according to Mr R V Verma, Chairman and Managing Director, National Housing Bank. In absolute terms, home loans disbursed by banks and HFCs collectively increased by Rs 1.6 trillion (US$ 26.61 billion) in FY14 to Rs 9.6 trillion (US$ 159.67 billion) by March-end 2014.

Aurobindo Pharma acquires Actavis operations in seven European countries

Aurobindo Pharma Ltd has completed the acquisition of certain commercial operations in Western Europe from Actavis Plc. In January 2014, the company had signed an agreement with Actavis to acquire its personnel, commercial infrastructure, products, marketing authorisations and dossier licence rights in seven European countries for € 30 million (US$ 41.42 million).