Monday 12 October 2015

Infosys ups revenue guidance | Govt opens tap for govt securities

1. Infosys ups revenue guidance for 2015-16 in rupee terms; gives 200% interim dividend

Beating the street expectations, tech major Infosys Limited has registered a net profit of 9.78% year-on-year, while its CFO has resigned .

2. Govt opens tap for govt securities worth $2.6 bn for FPIs

  • Foreign Portfolio Investors will be able to invest an additional USD 2.6 billion (Rs 16,431 crore) from today onwards in various government securities, including those of the states.
  • Out of this, investment limits worth about Rs 5,600 crore are being allotted through an e-auction, while the rest would be available on tap.
  • In further opening up, the limits would be enhanced by another Rs 16,600 crore from January 1 ownwards.
  • This follows decisions by the RBI and Sebi earlier this month to allow greater foreign fund flows into the government securities, which are generally favoured by Foreign Portfolio investors (FPIs) over the corporate bonds in India.

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