Definition Zone
Collateralized debt
obligation
Collateralized debt obligations (CDOs)
are a type of structured
asset-backed security (ABS) with multiple "tranches" that are issued by special purpose entities and
collateralized by debt obligations including bonds and loans. Each tranche
offers a varying degree of risk and return so as to meet investor demand.
The best of Economics,
Finance and Politics
How FDI in multi-brand
retail will open up opportunities for real estate sector
Economic Times,
September 22, 2012
The recent decision of
the government to allow foreign direct investment (FDI) in the multi-brand
retail sector will help the real estate sector in the country. This will in turn
increase the demand for commercial space in the market. At the same
time, as the demand for office space will continue to be strong, fresh jobs
creation in the country will also see a strong growth. The requirement of
residential space increases five times that of the commercial space used.
Therefore, if the demand for the commercial space remains strong, it will also
continue to give a fillip to the residential real estate.
BPCL plans Rs 45,000-cr investment for capacity expansion
Business Line, India September 22, 2012
Public sector Bharat
Petroleum Corporation Ltd plans to invest about Rs 45,000 crore in the next
four to five years to expand its refinery capacity and upstream operations. In the next four to five years, our company is going to change
completely with BPCL emerging as a major player in the exploration and
production field.
The company is riding
high on its discovery in Mozambique and plans to monetise the gas finds by
proposing to set up two LNG plant of 5 mtpa capacity each.
Also on the anvil is
its Integrated Refinery Expansion Project that envisages increasing the Kochi
refinery capacity from 9.5 mtpa to 15.5 mtpa and diversification into the
petrochemical sector to manufacture niche products.
SBI cuts benchmark lending
rate by 25 bps
Economic Times,
September 22 , 2012
The country's biggest
lender, State Bank of India ( BSE 4.30 %)
said on Saturday it has cut its benchmark prime lending rate,
the interest rate that commercial banks normally charge, by 25 basis
points to 14.50 percent per annum with effect from Sept. 27.
Earlier this week, the bank cut its base rate by 25 basis points to 9.75 percent.
Indian central bank on Monday cut the cash reserve ratio, the share of deposits banks must keep with it, by 25 basis points to 4.5 percent.
Earlier this week, the bank cut its base rate by 25 basis points to 9.75 percent.
Indian central bank on Monday cut the cash reserve ratio, the share of deposits banks must keep with it, by 25 basis points to 4.5 percent.
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at Glance
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- No roaming charges likely from next year
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