Sbi Macquarie

• L&T, SBI, RIL May See FII Buying: Macquarie

  Macquarie says foreign ownership of BSE 200 index is steady at an all-time high of around 21 per cent in June compared with May, with room to grow since unutilised portion is worth $152 billion for the index.

• SBI Macquarie invests Rs 110 crore in Ashoka Buildcon

  Highways developer Ashoka Buildcon said on Friday that its subsidiary Ashoka Concessions (ACL) has received investment worth Rs 110 crore from Macquarie-SBI Infrastructure Fund (MSIF), a JV fund of State Bank of India and Australia's Macquarie.

• GMR in pact with Macquarie SBI to divest 74 per cent in highway project

  GMR Group has signed a pact with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust to divest 74 per cent stake in GMR Jadcherla Expressways Ltd (GJEL) for Rs 206 crore. GJEL is operating the Farukhnagar-Jadcherla highway in Andhra Pradesh under a concession agreement signed with NHAI.

• Five reasons why India will turn into tiger in 2013

  Global brokerage Macquarie says Indian 'elephant' will turn 'tiger' in 2013 on the back of a rebound in the economy and pick up in corporate earnings. The BSE Sensex will scale the all-time high to 22,200 while the broader Nifty may climb to 6,900 levels in the calendar year.

• Macquarie upgrades State Bank of India to outperform from neutral

  Macquarie today upgraded State Bank of India (SBI) to outperform from neutral, and increased the target price to Rs 2,800 from Rs 2,150.

• Ashoka Buildcon shares jump 11% after SBI, Macquarie announce investment

  Ashoka Buildcon will get $150 million from the private equity fund jointly managed by SBI and Macquarie.

• Rupee slowly extends slide, hits 1-week low

  The rupee fell to its lowest in more than a week on Monday.

• Macquarie turns ‘underweight’ on IT stocks ahead of Q1

  IT companies are likely to cut their earnings growth forecast, Rakesh Arora of Macquarie told NDTV.

• In India, some farmers take banks for a ride

  Subprime farmers are abusing the cheap loan system, but they are giving banks a multi-billion-dollar headache.

• State Bank of India shares jump on brokerage upgrades

  SBI has reported a decline in non-performing assets and provisions for bad loans in the fourth quarter.

• India Inc struggles with debt repayment; bad loans to surge

  Indian industry seems to be facing a crisis of repayments, if the growth in quantum of debt being sought to be restructured is any indication. The Corporate Debt Restructuring (CDR) cell is now looking at over Rs 75,000 crore of corporate debt to be restructured in fiscal 2012, more than three times the Rs 25,000 crore in fiscal 2011, data from the...