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India Eco Summit: Global M&A to see an upswing: Deloitte
Devika Banerji / New Delhi November 11, 2009, 0:33 IST

'Challenges are more external than domestic'
The year 2010 will start on a promising note as we have held on to the gains of 2009, even if it means consolidating for the first few months of the year, says Sundaresan Naganath, chief investment officer at DSP Blackrock mutual fund. After having worked with Credit Suisse Asset Management New York and Merrill Lynch Asset Management Hong Kong, Naganath oversees some of the best performing funds such as DSP Blackrock Equity and DSP Blackrock Top 100. In an interview with Vandana and Neha Pandey, he says challenges that markets face are more external than domestic. Excerpts:

News of the day

Japan's jobless rate falls to 5.5% in August: govt
Japan"s unemployment rate fell to 5.5 per cent in August, from a record 5.7 per cent in July, the first improvement in seven months, the government said today.
Public Company

Andhra Bank raises Rs 600 cr via bonds

Andhra Bank has raised Rs 600 crore by selling bonds in two tranches in current month. - Fund raising by realty focused PEs dips 70% in 2009 - ONGC raises Rs 1,970 cr through bonds - PNB may raise Rs 7,000 cr from bonds - Hindustan Copper to raise Rs 1,700 cr via FPO - Sistema Shyam mulls IPO; rings Mumbai ops - Bajaj Hindusthan to raise Rs 2,000 cr The bank raised Rs 280 crore by issuing upper Tier-II bonds. The annual coupon of for this issue was 8.70 per cent. The issue opened on December 14, 2009 and closed on December 15, 2009. "It was fully subscribed on the date of the opening of the issue," the company said in a notification to the National Stock Exchange. Another Rs 320.00 crore were raised by issuing lower Tier-II bonds. This issue opened on December 15, 2009 and closed on December 21, 2009. The coupon rate was 8.55 per cent payable annually. The book runners for the issue were Andhra Bank Merchant Banking Division, Darashaw & Company, AK Capital Services, Axis Bank and ICICI Bank.


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