RBI DEPUTY Governor V. Leeladhar has said that two of domestic banks in India have   turned like Foreign Banks. Approximately 74 per cent of holdings of ICICI and HDFC   bank are in the hands of foreigners. As per RBI released roadmap for foreign banks, which   is in line with WTO commitments given by India in 2005, the phase II of the roadmap has   to start from April2009. As per Phase II of roadmap foreign banks may be permitted to   have overall investment of 74 per cent in the private banks of India. But ahead of the deadline by more than 1year RBI has allowed investment by foreigners in the two banks to nearly 74 per cent. This reflects that RBI is moving fast on the adoption of its declared roadmap for foreign banks in India.

Post 2009 banking sector scenario will implies new threats as well as opportunities. Capital is going to play a crucial role in the banking sector. Since by then bank need to grow in size of global standard, need to have robust risk management practices, advanced technology, skilled manpower and very sound marketing practices. All these require huge capital investment by Bank.

As per RBI PSU banks in India will require an amount of Rs 2980 billion of additional capital to maintain a CRAR of 12 per cent by March 2010. Basel II implementation will attract a huge investment. By concentrating on high profit areas like trade finance, institutional banking, corporate and investment banking, foreign banks have proved that they are more profitable than their counterpart domestic banks. Post 2009 entry of new players will intense the competition for domestic banks.

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Until upto a couple of years back, the news that Indian companies having acquired American-European entities was very rare. However, this scenario has taken a sudden U turn. Nowadays, news of Indian Companies acquiring a foreign businesses are more common than other way round.

Buoyant Indian Economy, extra cash with Indian corporates, Government policies and newly found dynamism in Indian businessmen have all contributed to this new acquisition trend. Indian companies are now aggressively looking at North American and European markets to spread their wings and become the global players.

The Indian IT and ITES companies already have a strong presence in foreign markets, however, other sectors are also now growing rapidly. The increasing engagement of the Indian companies in the world markets, and particularly in the US, is not only an indication of the maturity reached by Indian Industry but also the extent of their participation in the overall globalization process.

Here are the top 10 acquisitions made by Indian companies worldwide:

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Rainfall Insurance Scheme for Coffee (RISC), as a weather risk management tool, is being  implemented by the Agriculture Insurance Company of India Ltd (AIC) with the support of  Coffee Board.

Rainfall insurance protects the coffee grower against anticipated shortfall in the yield arising  out of deviations in rainfall within a specific area and period.

It provides payout against deficit rainfall in blossom showers and backing showers and excess rainfall during monsoon rains.

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As life has a tendency to throw you some curve balls every now and then, financial emergencies, though unexpected are still quite a common occurrence. So what do you do if you find yourself in such a predicament? Do you turn to your savings? What if you don’t have any savings?

Payday cash advance loans, also referred to as payday loans may just be your solution to unforeseen emergencies that require immediate financial attention. Whether you need it for an unexpected medical bill or as a means of financial sustenance in between paychecks, a cash advance is literally one of the quickest ways to acquire money when you really need it.

The Cash Advance Loan Process

Cash advance loans are usually on a short-term basis and require repayment after a period of two to three weeks. Having bad credit is not an issue with cash advance loans, as credit checks are not mandatory for approval purposes. In fact, there are special bad credit cash advance services….

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Even as Reliance Power’s initial public offer (IPO) awaits clearance from market regulator,  SEBI, a dispute has broken out among traders in the grey market, where deals had been  entered into even before the issue’s price band has been fixed.

Market watchers say the situation has arisen following the company’s decision to float the  shares at a face value of Rs 10 instead of Rs 2 as announced earlier.

A section of grey market operators, which had short sold Reliance Power shares in the grey market, and are staring at potentially huge losses, is using this development as a pretext to renege on their commitments. Technically, if there is a change in the face value of a share, the premium or discount will change to reflect the new face value.

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It is an old saying that life is about risk and investing cannot be an exception to this rule.  Equity markets have a mind of their own and stock prices of companies fall and rise  irrespective of performance and their financials. The trend of investing money in Share  market in Kashmir is now more than a decade old phenomenon. But still ,investors and  general public are not able to read the stock market, be it indices of Bombay Stock Exchange  (BSE) or National Stock Exchange (NSE).Recent reports that investors in the  Valley have lost crores of rupees during the recent rally when Indian stock market was  on a roller coaster ride raises some important issues.

Are investors mature enough particularly in the Valley to put their hard earned money in Indian stock markets and in return get quick bucks? Are sub brokers operating in the Valley qualified to provide right kind of advisory services to these not so knowledgeable retail investors? Experience reveals something otherwise as tips and leads provided by these sub-brokers fails on more than many occaassions.Have retail investors attained financial maturity in Kashmir where not even the basic financial market architecture is in place?

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