Good Morning! News 7.1.2015 1. Indian stock indices dropped about three per cent on Tuesday, their biggest daily loss since the rupee crisis of September 2013, triggered by a sharp fall in crude oil prices and concern that the Euro zone might disintegrate. The Greek crisis led to investors fleeing from equities into safer havens, including gold and US Treasuries. 2. A five-day strike announced by Coal India Ltd (CIL) worker unions is likely to hit the power sector. The northern and eastern parts of India could face power outages, owing to a shortage of coal in generating stations supplying power to these areas. 3. At a time when public sector banks (PSBs) again set to approach Life Insurance Corporation of India (LIC) for a capital infusion before the end of this financial year, the Reserve Bank of India (RBI) is understood to be uncomfortable with the insurance behemoth’s exposure to the banking sector.LIC holds 12-15 per cent equity in all PSBs put together. According to the latest data, the insurer’s stake in banks such as United Bank, Dena Bank, Central Bank of India, Punjab & Sind Bank and Indian Overseas Bank increased substantially between September 2013 and September 2014. 4. What turned out to be a strong job market for management graduates in 2014 is projected to continue in 2015, according to the Graduate Management Admission Council (GMAC)’s year-end poll of employers released on Tuesday.This year’s hiring outlook holds steady for 2015 graduates, as nine of 10 employers planning to hire business school graduates expect to maintain or increase the number of job openings for these hires, compared with 2014. According to the survey, 96 per cent of employers worldwide concurred that hiring from business schools created value for their companies. 5. Negotiations to bail out SpiceJet took a new turn when former promoter Ajay Singh, who has a revival plan, met the the cash-strapped airline’s brass on Monday, according to sources. S L Narayanan, the Sun Group’s chief financial officer, did not respond to calls and text messages. Singh declined to comment on his meeting. The talks are centered around promoter Kalanithi Maran and Kal Airways, also owned by him, infusing part of the Rs 1,100 crore needed to get SpiceJet back into shape. The Sun Group, which Maran heads, has made it clear it does not want to put in any more money into the airline.
Posted on: Wed, 07 Jan 2015 04:41:23 +0000
Trending Topics
Recently Viewed Topics
© 2015