ETIG News RSS Feed
(http://www.etintelligence.com/etig_root/rssfiles/etigNews.xml)
  

  Current Account Deficit Inches Up in Q3  
  Current account deficit increased marginally in the quarter through December despite the trade gap getting narrowed, as both services exports and remittances by global Indians slowed down. As capital flows too took a hit, balance of payments ended in a moderate deficit of $1.2 billion in the quarter. Current account deficit (CAD), the excess of imports of goods and services over exports in the external sector balance sheet, expanded to $7.9 billion during October-December  
 
  Oilfield Contract Extension to Open Taps for Cairn India  
  The stock of Cairn India, India's largest private oil producer, surged 2.6% on Thursday after the government granted extension for production from its Rajasthan field. Earlier, under the production sharing contract (PSC) of Rajasthan block, Cairn India was permitted to produce from the field only till May 2020. The extension will put to rest the uncertainty over the future production of the company thereby removing a critical overhang on the stock.  
 
  Bonanza for Shareholders: OMCs Declare Big Dividends  
  Shares of oil marketing companies Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC) hogged the limelight in afternoon trade on Thursday after these fir ms announced interim dividend for the financial year 2016-17.HPCL declared an interim dividend of 6.40 per equity share of face of 10 each for the financial year 2016-17.The board has fixed March 27 as the record date to determine the eligibility of the shareholder to receive the said second interim dividend.  
 
  Throwing A Spanner In Biggest Fdi Inflow - Lic Plays Hardball, Demands Dues From Essar To Ok Deal With Rosneft  
  India's top financial institution LIC wants its pound of flesh before it gives the green signal to the $13-billion EssarRosneft deal which would be the largest inflow of foreign direct investment into the country.The state-owned life insurer has spelt out that it would issue a no-objection certificate' (NoC) only after Essar clears all dues.The covenants on LIC's loan to Essar Oil require lender's consent for change of management, said an LIC spokesman in response to ET's email query  
 
  Companies With Good Revenue Growth Visibility - What Fund Managers Are Buying In The Small- & Mid-cap Universe  
  Post demonetisation, the mutual fund industry has had a good show as investors moved from physical savings to financial savings. Flow of money into mutual funds through SIPs has crossed the 4,200- crore mark. Excellent performance from midand small-cap funds has lead to increased flows into this fund category forcing fund managers to identify new stocks. They have deployed a large part of these increasing flow in midand-small-sized companies which have potential to show reasonably good revenue growth in the coming quarters.  
 
  Prasad Urges CJI to Help India Grow as Investment Hub  
  Law minister Ravi Shankar Prasad has urged Chief Justice of India (CJI) J S Khehar to help make India a “favourable investment destination for domestic as well as global investors“ by resolving commercial disputes pending in courts at the earliest.In a letter to the CJI, Prasad said protracted litigations discourage foreign investors from investing in the country , and hence the need to speed up proceedings in top cities