Franklin Templeton Mutual Fund said that it has declared a tax-free dividend of Re0.70 per unit on the face value of Rs10 on its Templeton India Equity Income Fund.
Franklin Templeton Mutual Fund said that it has declared a tax-free dividend of Re0.70 per unit on the face value of Rs10 on its Templeton India Equity Income Fund. The Fund is an open end equity fund.
The record date for the dividend distribution has been fixed on 16 March 2012 and any purchases on or before this date will be eligible for the dividend.
The investment objective of the Fund is to provide a combination of regular income and long-term capital appreciation by investing primarily in stocks that have a current or potentially attractive dividend yield.
‘The funds raised by all-India financial institutions and banks grew by 17% to Rs1,09,778 crore in the nine months of the fiscal year 2011-12’: Report
Indian companies have raised Rs1.64 trillion through private placement of debt securities or bonds in the first nine months of the current fiscal, primarily led by financial institutions, a report said. This marks an increase of 5% in the total size of such funds from the levels seen in the year-ago period. In debt private placements, the companies issue debt securities or bonds to institutional investors.
According to the data compiled by Prime Database, Indian firms mopped-up Rs1,64,444 crore through 125 debt private placements during April-December period of current fiscal, as against Rs1,56,856 crore mobilised in the year-ago period. The funds raised by all-India financial institutions and banks grew by 17% to Rs1,09,778 crore in the nine months of the fiscal year 2011-12.
At the same time, the funds raised by the private sector fell by 27% to Rs35,422 crore in this period.
Prime Database's Prithvi Haldea said that the fund mobilisation by PSUs, however, rose by 33% to Rs15,768 crore in the first nine months of current fiscal. The funds raised by state-level undertakings was lower, although. All the government organisations and financial institutions together have accounted for 78% of total funds raised during this year, up from 69% a year ago. In terms of sectors, financial services segment dominated the market with a 80% share of total funds, followed by power sector with 7% share.
The highest mobilisation through debt private placements during the period was by PFC (Rs 21,563 crore), followed by HDFC (Rs17,285 crore), REC (Rs15,966 crore), NABARD (Rs10,324 crore), IDFC (Rs7,751 crore), LIC Housing (Rs7,235 crore) PGCIL (Rs7,043 crore) and Air India (Rs5,500 crore).
‘India's net employment outlook - an indicator of recruitment intentions - rose to 44% for the second quarter of 2012’: quarterly Employment Outlook Survey.
Indian companies are lining up robust hiring plans for the next quarter, beginning 1 April 2012, making India the most optimistic country in terms of job creation, a survey said. A dynamic pace of hiring is expected across all the regions in the country during April to June period of 2012, while services and financial sectors could see the maximum job creation activities, HR consultancy major Manpower said in its quarterly Employment Outlook Survey.
As per the survey, which covered 4,992 employers across India, the country's net employment outlook - an indicator of recruitment intentions - rose to 44% for the second quarter of 2012, up from 41% in the first quarter. HR consultancy major Manpower says a dynamic pace of hiring is expected in the country during April to June 2012.
India has been the most optimistic nation worldwide in terms of hiring intentions and creating jobs for the last five years, except for the fourth quarter of 2011 when it had slipped to second position below Taiwan.
In terms of strongest hiring expectations of employers, India is followed by Brazil, Taiwan, Peru and Turkey. The hiring plans have been found to be weakest in Greece, Spain and Czech Republic and a greater percentage of employers are planning to trim payrolls, than hire staff in these places.
Job seekers can expect the maximum opportunities in the services sector (59%), followed by finance, insurance and real estate sectors. The weakest job outlook has been reported by the employers in the public administration and education space (38%).
"The outlook in the services sector is being fuelled by IT industry's highly optimistic hiring plans. Similarly, PSU banks are also expected to hire thousands to support expansion plans further boosting the sector's outlook," Manpower India managing director Sanjay Pandit said.
Employers in all four regions of the country anticipate a dynamic hiring pace in the next three months and the outlook for all of them has improved since the last quarter.
Manpower Group India associate director Kishore said that employers are optimistic, but at the same time they are also cautious amid a global economic uncertainty. If the economic scenario worsens, employers could hit the pause button, he said, while adding that the uncertainty worldwide has although helped Indian economy to some extent. Though the business coming from European markets has been impacted, a lot of business that could have gone from the US or other regions to Europe, are coming to India and creating more jobs here, he said. Kishore further said that Indian employers are looking forward to the government to take further measures in the upcoming budget to boost the economy. Growth is badly needed to create more jobs, he noted.
"If the budget is progressive and government shows certain measures to boost the economy, one can expect the employment outlook further improving in the next quarter further," Kishore added.