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PE investments in South drops 64%
Private Equity (PE) investments into South India have dropped 64 per cent between April and September, 2009, to $626 million from $1752 million, during the same period last year. The number of deals fell 48 per cent. Among the four states in South, Andhra Pradesh had attracted the highest investment, in terms of value.

Citi to relaunch hedge fund ops: report
Financial service major Citigroup is planning to relaunch Citi Alternative Investments, a unit that contains its hedge fund operations, a media report said.

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Toyota to strengthen dealership network by 65% by 2010
Preparing ground for launching a "strategic" small car in the Indian market, the world"s largest car maker, Toyota, will expand its dealership network by over 65 per cent by the end of 2010 to increase its interface with customers.
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BoI trims deposit rates by 0.25-0.5%

Public sector lender, Bank of India (BoI), has slashed its deposit rates by 0.25-0.5 per cent across various tenures, effective from Monday. - FII-TO-FII: Grasim Ind traded at 3% premium - Tata Steel makes Rs 25-cr deposit for Incab - Central Bank to recast home finance arm - Bank credit shrinks as firms opt for CPs - Bank of India raises Rs 500 cr through bonds - "Rs 6,400-cr advances restructured" The bank has reduced interest rates for 1 year to less than 2 years and 2 years and above maturity deposits to 6.5 per cent as compared to 6.75 per cent earlier, a BoI release said here today. Deposits in 180 days-269 days and 270 days-364 days maturities will now carry 6 per cent (6.25 per cent) and 6.25 per cent (6.5 per cent), respectively, the bank said. The lender has also reduced rates for 46 days-90 days maturity deposits to 4 per cent (4.5 per cent), the bank said. The rate revisions will be applicable for deposits less than Rs 1 crore, the bank said. Senior citizens will get 0.5 per cent interest more than the card rates on all deposits of six months and above tenure, the bank said.


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