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Cash-strapped IDBI Bank seeks capital rejig
Approaches government for fresh funds, conversion of bonds into equity. http://smallpersonalloans.org.uk

Farmax Retail plans to raise Rs 500 cr
Farmax Retail (India) today said its board has approved to raise funds up to Rs 500 crore through various routes including issue of foreign currency convertible bonds (FCCBs) and global depository receipts (GDRs).

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Fiat to bring 'By Diesel 500' premium small car to India
Italian car-maker Fiat today said it plans to bring its super premium hatchback "By Diesel 500", a co-branded model with European clothing firm Diesel, to India as it looks to add more style quotient to its portfolio.
Small Business

Total inflow of funds in India to be $ 40 billion in 2010: Uday Kotak

Hinting at a buoyant economy in 2010, Uday Kotak, vice chairman and managing director, Kotak Mahindra Bank Ltd said that the total inflow of funds in India, comprising of insurance, FIIs and mutual funds may touch $ 40 billion. - "Banks to take cue from RBI policy to decide rates" - Loan rejected? no sweat - Kotak ties up with Russia"s top i-bank - Kotak bets big on M&A deals, ties up with Russian bank - Kotak Mahindra Bank eyes acquisitions in India - Kotak Mahindra gets $51 mn credit from WB entity While domestic consumption and proper infrastructure would be the key factors to propel the Indian economy into the higher growth trajectory, a growth rate of 8 per cent seems possible to accomplish in 2010-11, according to Kotak.The three-day conclave, which will revolve around the theme of "Managing Finance: Sustaining Shareholder Value".


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