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Articles 21 through 120 of 500:
- Sbi, Icici Bank To Start Business In Singapore (Singapore Times, Correspondent or Reporter, Oct 05, 2007)
Singapore has agreed to allow State Bank of India and ICICI Bank to launch full banking operations in the South-East Asian countries, under the Comprehensive Economic Cooperation Agreement (CECA) with India.
- Icici Bank, Sbi To Start Singapore Biz (Times of India, Correspondent or Reporter, Oct 03, 2007)
Singapore has agreed to allow State Bank of India and ICICI Bank to launch full banking operations in the South-East Asian countries, under the Comprehensive Economic Cooperation Agreement (CECA) with India.
- India To Us: Your Banks Coming In, You Need To Allow Ours As Well (Indian Express, Shishir Gupta, Oct 03, 2007)
The internal security establishment’s over-enthusiasm in claiming that Indian financial institutions are vulnerable to terrorist groups has come back to haunt the Government:
- Sbi, Icici Bank To Start Business In Singapore (Singapore Times, Correspondent or Reporter, Oct 03, 2007)
Singapore has agreed to allow State Bank of India and ICICI Bank to launch full banking operations in the South-East Asian countries, under the Comprehensive Economic Cooperation Agreement (CECA) with India.
- Sbi May Decrease Housing Loan Rate (Asian Age, Correspondent or Reporter, Oct 01, 2007)
Hoping that the RBI will bring down interest rates in its upcoming policy review, the State Bank of India on Sunday said it could give discount to new housing credit seekers in the festival season and might cut home loan rates.
- In Public Interest (Frontline, Ravi Sharma , Sep 29, 2007)
PUBLIC sector utilities such as the Postal Department, the Department of Telecommunications and the Railways have been playing a key role in propelling Karnataka forward.
- No Immediate Relief Likely From Rbi's Move: Economist (Pioneer, Correspondent or Reporter, Sep 28, 2007)
Reserve Bank's decision to ease overseas investment norms is an enabling step but its benefits will take time to show up, feel experts.
- Ring-Fencing Banks (Frontline, V. Sridhar, Sep 27, 2007)
The RBI expresses serious reservations about the new kinds of corporate structures planned by banking institutions.
- Icici Gets Full Commercial Licence In Bahrain (Hindustan Times, Correspondent or Reporter, Sep 26, 2007)
India's largest private sector bank, ICICI Bank has been granted a full commercial branch (FCB) licence by the Central Bank of Bahrain (CBB), the second Indian bank after State Bank of India to offer full banking services in the kingdom.
- Sensex Eyes 17k, Up 282 Points (Pioneer, Correspondent or Reporter, Sep 25, 2007)
Bulls continued to reign supreme on the Dalal Street even on Monday. They were so formidable that bears dare not enter the ring except for a brief period in the morning and bulls remained in charge of the whole session.
- Sensex Claims Mt 16k With Fed Help (Pioneer, Correspondent or Reporter, Sep 20, 2007)
The Sensex skyrocketed on Wednesday on the back of 50 basis point cut in the US bank rate and recorded its biggest point-wise gain of 653.63 points surpassing the record 615.62 points on June 15, 2006. It took 52 trading days for Sensex to travel. . .
- Sensex Surges Past 16,000 (Business Line, Correspondent or Reporter, Sep 20, 2007)
It’s all-time high; Fed rate cut powers 653-point gain
- Sensex Up 405pts; All Index Stocks Up (Business Standard, Correspondent or Reporter, Sep 19, 2007)
The Sensex is now up 405 points at 16,074.
- Sbi To Raise Rs 10,000 Cr By December (Indian Express, Correspondent or Reporter, Sep 13, 2007)
The country’s largest lender, State Bank of India (SBI), plans to raise Rs 10,000 crore by December, SBI Chairman O P Bhatt has said.
- Sbi Looking At Options To Raise Rs 10,000 Cr By December (Business Line, Correspondent or Reporter, Sep 13, 2007)
No timeframe set for group mergers; India Inc should learn credit discipline’
- Singapore Qfb Licence For Sbi, Boi, Bob Likely (Singapore Times, Correspondent or Reporter, Sep 11, 2007)
The Monetary Authority of Singapore may finally grant qualifying full banking (QFB) licence to three Indian banks - State Bank of India (SBI), Bank of India (BoI) and Bank of Baroda (BoB).
- Country's Overseas M&a Likely At $35b (Pioneer, Correspondent or Reporter, Sep 10, 2007)
Reflecting the buoyancy in India Inc's quest for global mergers and acquisitions, the country's largest private lender ICICI Bank on Sunday said it will have a role to play in 70 per cent of the deals that are expected to be about $35 billion in . . . .
- Rbi’S Annual Report For 2006-07 — Telling A Credible Story (Business Line, S. Venkitaramanan , Sep 10, 2007)
Although the RBI’s latest annual report covers both the performance of the Bank and that of the economy in 2006-07, public attention is focussed on the latter.
- Sbi Plans Separate Entity For Rural Biz (Business Line, Correspondent or Reporter, Sep 07, 2007)
Rural seems to be the flavour of the season.
- Sbi Is Likely To Go For A Rights Issue (Deccan Herald, Correspondent or Reporter, Sep 05, 2007)
Amid speculation over the mode of raising resources by the countrys largest lender, SBI, government on Tuesday said the bank is likely to go for rights issue to raise funds for meeting capital requirements.
- Asia Mixed Going Into Us Holiday (Singapore Times, Correspondent or Reporter, Sep 04, 2007)
Asian bourses closed mixed yesterday in the absence of fresh incentives as US markets were closed for the Labor Day holiday.
- Sensex Likely To Witness Volatility (Pioneer, Correspondent or Reporter, Sep 03, 2007)
Investors at Dalal Street may witness a mixed bag in the week ahead with bouts of volatility marking the otherwise positive undertone and markets taking direction from global cues, analysts said.
- Roadblock For Icici, Sbi? (The Economic Times, Editorial, Economic Times, Aug 31, 2007)
The country’s top bureaucrats and financial regulators clearly don’t talk to each other. That is the only conclusion one can draw from the timing of RBI’s discussion paper on holding companies in banking groups.
- Rbi Remains Bullish On Economy (Indian Express, Correspondent or Reporter, Aug 31, 2007)
The Reserve Bank of India (RBI) is bullish about the economy notwithstanding the threat of inflationary pressures and external shocks like the recent sub-prime crisis in the US.
- Bank Consolidation Not Inevitable — Multi-Tiered Model Still Relevant (Business Line, T. B. Kapali , Aug 30, 2007)
Bank consolidation is again in the news. The boards of State Bank of India (SBI) and State Bank of Saurashtra (SBS) are reported to have approved the merger of the latter with the former.
- Strengthening Sbi (The Economic Times, Correspondent or Reporter, Aug 29, 2007)
For years, a recurring debate in banking circles was whether the State Bank of India (SBI) should spin off its associates as a separate bank or whether it would envelop them into its fold. That debate has now been settled.
- Holding Companies Mooted For Banks (Hindu, Correspondent or Reporter, Aug 28, 2007)
The Reserve Bank of India on Monday mooted a proposal to set up financial holding companies (FHCs) or banking holding companies (BHCs) for Indian banks “as the banks would be much better protected from possible adverse effects from the activities of . . .
- Sensex Up 418 On Global Cues (Hindustan Times, Correspondent or Reporter, Aug 28, 2007)
Indian stocks rallied on Monday as concerns eased somewhat over losses from the US sub-prime market and its spillover into the wider economy and also about domestic political uncertainty.
- Rbi's Discussion Paper On Holding Firms In Banking Sector (Pioneer, Correspondent or Reporter, Aug 28, 2007)
Concerned over proliferation of intermediate holding companies, the Reserve Bank on Monday issued a discussion paper to formulate a new framework for financial sector entities to allow conglomerates to undertake banking, insurance and other . . .. . .
- Sbi Board Approves Merger Of Sbs (Deccan Herald, Correspondent or Reporter, Aug 27, 2007)
The boards of both SBI and State Bank of Saurashtra, its wholly-owned subsidiary, have given approval to the merger proposal on Saturday.
- Sensex Rebounds, Up 117pts; Tata Steel Up 3% (Business Standard, Correspondent or Reporter, Aug 22, 2007)
The Sensex has rebounded sharply into the positive zone and is now up 117 points at 14,106.
- Political Uncertainty Nukes Sensex (Asian Age, Correspondent or Reporter, Aug 22, 2007)
The Sensex was pummelled below the 14,000 mark as the face off between the Left and the Prime Minister Dr Manmohan Singh continued.
- Sbi Nod For Geecl Debt-Finance (Business Line, Correspondent or Reporter, Aug 21, 2007)
Great Eastern Energy Corporation Ltd (GEECL), a Y Modi group company, on Monday announced lining up $25 million or Rs 100-crore debt-finance from State Bank of India.
- Govt Nod To Sbi Bill (Tribune, Correspondent or Reporter, Aug 21, 2007)
The government plans to buy Reserve Bank’s stake in National Housing Bank and Nabard by June next year so as to ensure the central bank does not own the institutions it regulates.
- Banking On The Future (Business Line, M. Sitarama Murthy, Aug 11, 2007)
In an overview of banking operations since Independence, especially the reform period, makes the point that past achievements pale in the face of the challenges ahead.
- Bihar Flood Situation Remains Grim (Deccan Herald, Correspondent or Reporter, Aug 10, 2007)
According to an official report of the disaster management department, the toll in the flood fury touched 126 in the state...
- Bear Hug Pulls Sensex Down By 208 Points (Pioneer, Correspondent or Reporter, Aug 10, 2007)
Bears had a field day on Dalal Street on Thursday as bulls could not face severe onslaughts from their competitors and left the trading arena.
- Sbi Widens Credit Card Portfolio (Hindu, Correspondent or Reporter, Aug 10, 2007)
Launches SBI Gold and More Card; offers 2 p.c. cash back facility
Product aimed at travel and lifestyle needs of customers
The premium card segment is growing at over 50 p.c.
- Rbi Move To Revive Interest Rate Futures (Indian Express, Correspondent or Reporter, Aug 10, 2007)
The Reserve Bank of India (RBI) has formed a working group to find ways to revive trading of interest rate futures and to consider whether foreign investors should be allowed to trade the derivatives.
- Rbi Raises Intervention Bond Ceiling (Indian Express, Correspondent or Reporter, Aug 09, 2007)
The Reserve Bank of India (RBI) today raised the cap on bond sale under the market stabilisation scheme (MSS) to Rs 1,50,000 crore in a bid to absorb liquidity generated through its intervention in the forex market.
- Icici Bank Cuts Deposit Rates By 25-50 Bps (Business Standard, Correspondent or Reporter, Aug 08, 2007)
ICICI Bank today reduced interest rates on deposits of value less than Rs 15 lakh by 25-50 basis points for select maturities upto two years, a day after the country’s largest lender SBI reduced its deposit rates.
- Sbi Revises Deposit Rates (Hindu, Correspondent or Reporter, Aug 07, 2007)
State Bank of India (SBI) has decided to revise the interest rates on domestic term deposits with effect from August 9.
- J&k Not A Paradise For Jobless (Statesman, Correspondent or Reporter, Aug 04, 2007)
The nationalised banks operating in Jammu and Kashmir have a pathetic attitude towards self-employment schemes. They not only discourage the Kashmiri unemployed youth from taking loans for self employment schemes but also keep their documents . . . .
- Sbi-Led Team Will Meet Jsw Project Debt Needs (Indian Express, Correspondent or Reporter, Aug 03, 2007)
JSW Energy (Ratnagiri) Ltd has achieved financial closure of its 1200 mega-watt (mw) power project based on imported coal.
- Sbi Offers Cash Back On Debit Card Spend (Deccan Herald, Correspondent or Reporter, Aug 02, 2007)
State Bank of India (SBI) on Wednesday came up with a ‘cash back plus offer’ on its debit card in the country. Customers using State Bank debit cards for making payments of Rs 501 and above will get cash back up to 5 per cent under the offer.
- India, Pak Take Steps To Boost Bilateral Trade (Deccan Herald, Correspondent or Reporter, Aug 02, 2007)
India and Pakistan on Wednesday agreed upon a series of measures such as allowing banks from either side to open branches, expansion of tradable items and allowing cross border movement of trucks, to boost the bilateral trade from the existing . . . .
- Sensex Down After World Market Crash (Asian Age, Correspondent or Reporter, Aug 02, 2007)
The after shocks of the chaos in the sub-prime mortgage market in the US sent tremors throughout the Asian stock markets and took its toll on the Indian markets.
- Pakistan, India Eye $10bn Trade (Dawn, Jawed Naqvi, Aug 02, 2007)
India and Pakistan promised concrete measures on Wednesday to inaugurate a new era of bilateral trade, which both expect to grow to $10 billion by 2010 from the current level of less than $2 billion.
- Rbi Hikes Cash Reserve Ratio, Keeps Rates Same (Indian Express, George Mathew, Aug 01, 2007)
Faced with huge foreign capital inflows, the Reserve Bank of India (RBI) continued with its hawkish vigil on the banking system.
- Rbi Hikes Crr By 0.5%, Other Rates Steady (Pioneer, Correspondent or Reporter, Aug 01, 2007)
The Reserve Bank of India kept its key rates unchanged, though it increased the requirement of statutory deposits (CRR) to suck out liquidity worth 16,000 crore from the market.
- Sensex Vaults 290 Pts (Pioneer, Correspondent or Reporter, Aug 01, 2007)
Despite unexpected 0.5% CRR hike by Reserve Bank of India on Tuesday, Sensex vaulted 290 points on the back of strong recovery on the US and Asian bourses and encouraging quarterly results from India Inc.
- A Sensible Policy, On Expected Lines (Business Line, A. Seshan, Aug 01, 2007)
The Reserve Bank of India’s first quarter review of its Annual Policy Statement has turned out to be on the expected lines.
- Bpcl: Slick Numbers (Business Standard, Niraj Bhatt, Aug 01, 2007)
Bharat Petroleum Corporation Ltd leveraged improved gross refining margins (GRMs) on a y-o-y basis in its refining division in the June 2007 quarter, which helped it to offset mounting under-recoveries in retail sales of auto fuels and kerosene . . .
- Sbi Arms Up On Liquidity Hopes (Business Line, Correspondent or Reporter, Jul 31, 2007)
Three SBI subsidiaries – State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT) and State Bank of Mysore – have been gaining and registering new peaks in recent times on the bourses.
- Sensex Crashes 540 Points In Volatile Trading (Hindu, Oommen A. Ninan , Jul 28, 2007)
Amid high volatility, on extreme weak global cues, the domestic stock market tumbled by 541 points on Monday.
- Fe Interest To Swell India Kitty By $8 B (Deccan Herald, Correspondent or Reporter, Jul 24, 2007)
India is likely to gain $7-8 billion this year on surplus foreign exchange reserves invested by the Reserve Bank of India in central banks of other countries and International Monetary Fund (IMF), thanks to hardening global interest rates.
- Sensex In Sight Of 16,000 (Hindustan Times, Correspondent or Reporter, Jul 24, 2007)
Share indices hit record highs yet again on Monday and the Sensex closed at an all-time high of 15,732.20 after touching 15,773 intra-day.
- Govt Plans To Revive Disinvestments (Pioneer, Bhagyashree Pande, Jul 20, 2007)
Despite the objections raised by the Left parties over the disinvestment of Central Public Sector Enterprises (CPSE), the UPA Government is planning to revive the programme.
- Life, Health… Or Both? (Business Line, Editorial, Business Line, Jul 13, 2007)
Life insurance companies are now gearing up to venture into health cover. But are they “fit enough” to meet the expectations of the health insurance sector?
- Ril Climbs Up On Fortune Global List (Hindustan Times, Correspondent or Reporter, Jul 13, 2007)
Mukesh Ambani-promoted Reliance Industries has moved up by 73 positions at 269th rank on the Fortune Global 500 list of companies, which was led by US retailer Wal-Mart Stores Inc and Exxon Mobil.
- Sensex Ends In Red (Singapore Times, Correspondent or Reporter, Jul 11, 2007)
Equities Tuesday ended marginally lower after an uneventful day. The Sensex and Nifty closed just above the 15000 and 4400 levels, respectively.
- India Shining Destination For Investors (Times of India, Correspondent or Reporter, Jul 07, 2007)
India has emerged as one of the most attractive investment destination in the world. Merchant bankers and analysts feel this trend is likely to continue.
- Sensex Closes At 14,880.24 (Times of India, Correspondent or Reporter, Jul 05, 2007)
The market closed mixed Wednesday. Though the Sensex posted modest gains, market breadth showed a negative bias. The Nifty ended flat.
- Sensex Hits Record High On Global Cues (Business Line, Correspondent or Reporter, Jul 04, 2007)
Banks and capital goods stocks fuelled the broad-based rally in the equity market on Tuesday.
- Stock Market On A High — Lack Of Euphoria, A Sign Of Maturity (Business Line, Editorial, Business Line, Jul 04, 2007)
The Sensex crossing the 14800 mark on Tuesday hardly sent retail investors into a tizzy. Why is this so, asks RASHEEDA BHAGAT, seeking the opinion of well-known market players and brokers on this new phenomenon.
- New Master, Old Problems (The Economic Times, Editorial, Economic Times, Jul 03, 2007)
Ownership of the largest commercial bank in the country, the State Bank of India (SBI), changed hands last Friday with the erstwhile majority owner, the Reserve Bank of India (RBI), transferring its 59.7% stake in SBI to the central government.
- The Making Of A Banking Hub (Singapore Times, Anand Kumar, Jul 02, 2007)
India's buoyant banking sector, growing at nearly double the rate of the country’s gross domestic product (GDP), has worked up a huge appetite for funds.
- Govt. Picks Up Rbi Stake In Sbi (Hindu, Correspondent or Reporter, Jun 30, 2007)
In its biggest ever cash purchase, the Centre on Friday acquired the Reserve Bank of India’s entire 59.73 per cent equity
- Rbi Transfers Sbis 59.7 Pc Stake To Govt (Deccan Herald, Correspondent or Reporter, Jun 30, 2007)
The government, on Friday, picked up Reserve Bank’s entire 59.7 per cent stake in the country’s largest lender State Bank of India.
- Sbi, Infy Vault Sensex To 146 Pts (Pioneer, Correspondent or Reporter, Jun 30, 2007)
Infosys Technologies' scrip closed higher on domestic bourses on Friday while Capgemini shares were trading nearly one per cent up on NYSE-Euronext amid reports the Indian company planned to buy stake in Europe's largest IT consultancy firm.
- Sbi Plans Follow-On Public Offering In December (Hindu, Correspondent or Reporter, Jun 29, 2007)
State Bank of India (SBI) on Thursday announced that it planned to set up a holding company for its seven subsidiaries.
- Sbi To Go For Stake Sale By December (New Indian Express, Correspondent or Reporter, Jun 29, 2007)
State Bank of India (SBI) is likely to go for stake sale by December as a part of its efforts to mobilise Rs 50,000 crore in the next three years.
- Govt To Buy Sbi's 59.7% Stake From Rbi Today (Pioneer, Correspondent or Reporter, Jun 29, 2007)
The government will tomorrow buy Reserve Bank's entire 59.7 per cent stake in the country's largest lender SBI for more than Rs 35,000 crore in cash.
- Sbi Plans To Sell Its Stake, Set Up Nbfc (Pioneer, Correspondent or Reporter, Jun 29, 2007)
The State Bank of India, the country's largest commercial bank, has unveiled plans to sell its stake by December.
- Holding Co Will House Sbi Units (Deccan Herald, Correspondent or Reporter, Jun 29, 2007)
SBI Chairman O P Bhatt said the Union Cabinet in April this year approved changes in a banking law to allow greater freedom to SBIs subsidiaries:
- Banks Should Float Arm For Pension Fund Business, Says Rbi (Indian Express, Correspondent or Reporter, Jun 29, 2007)
Banks will be allowed to undertake pension fund management (PFM) through their subsidiaries only. Setting the guidelines for banks planning to enter pension fund management, the Reserve Bank of India has said that banks should not undertake the . . .
- Directors' Special (Times of India, Editorial, The Times of India, Jun 28, 2007)
Chairman and managing director of Punjab and Sind Bank (PSB) R P Singh has spoken out against a problem that cuts across all of India's public sector.
- Sbi Plans To Raise In Excess Of Rs 50,000 Crore For Expansion (New Indian Express, Correspondent or Reporter, Jun 27, 2007)
India's largest lender, State bank of India (SBI) needs in excess of Rs 50,000 crore in the next three years to expand itself in domestic as well as overseas markets. The bank also proposes to form a holding company for its non-bank subsidiaries.
- Sbi May Raise Rs 50,000 Cr (Hindustan Times, Correspondent or Reporter, Jun 27, 2007)
Country's largest lender SBI on Tuesday said it is likely to raise Rs 50,000 crore capital for its expansion plans in domestic and overseas markets in the next three years and proposed to form a holding company for its non-bank subsidiaries.
- Sbi Mulls Fund Tap Of Rs 50,000 Crore (Deccan Herald, Correspondent or Reporter, Jun 27, 2007)
Countrys largest lender State Bank of India (SBI), on Tuesday, said it is likely to raise Rs 50,000 crore capital for its expansion plans in domestic and overseas markets in the next three years ...
- Sbi Plans To Raise Rs 15,000 Cr In Fy’08 (Indian Express, Correspondent or Reporter, Jun 25, 2007)
The Rs 5-trillion State Bank of India (SBI) has firmed up plans to raise Rs 15,000 crore in equity and debt this financial year to fund its diversified business growth plans.
- Tax Deduction From Income Of The Trust (Hindu, Correspondent or Reporter, Jun 25, 2007)
I am a senior citizen (72 years). I have a mentally disabled son, who has been admitted into a Home. I made a Trust to look after him now and after my demise with the State Bank of India, Chennai Main Branch, Securiti
- Icici Bank Issue Subscribed 12 Times (Business Line, Correspondent or Reporter, Jun 23, 2007)
ICICI Bank's mega follow-on public offer ended with a big spurt on the last day with the total subscription crossing the Rs 1,20,000-crore mark, thus, over shooting the target amount by over 11 times.
- Sensex Vaults 215 Points (Pioneer, Correspondent or Reporter, Jun 20, 2007)
Bulls were back with a bang on the Dalal Street on Tuesday and lifted Sensex by 215 points on the back of brisk buying by funds in heavyweight stocks led by bank and refinery scrips.
- Sensex Jumps 215 Points (Hindu, Correspondent or Reporter, Jun 20, 2007)
The Bombay Stock Exchange ended its two-day downslide with a thumping gain of over 200 points in its benchmark index, led by strong gains in blue-chips from banking, refinery and engineering sectors.
- Rs 55 Lakh For Pm Relief Fund Wasting In Bank (Hindustan Times, Correspondent or Reporter, Jun 20, 2007)
Eight years after all its employees donated a day’s salary during the Kargil War to the Prime Minister’s National Relief Fund, Rs 55 lakh in donations are sitting idle in a bank account of South Eastern Coalfields Ltd (SECL).
- Govt To Issue Ordinance To Take Over Rbi Stake In Sbi (Pioneer, Correspondent or Reporter, Jun 16, 2007)
The Government will promulgate an ordinance to buy RBI's 59.7 per cent stake in the country's largest lender SBI for estimated cost of Rs 40,000 crore.
- Fm: Consolidation Is The Future (Singapore Times, Correspondent or Reporter, Jun 16, 2007)
“Indian banks have the capacity, human resources and management to keep benchmarks more or less at global averages; what we don’t have is size.”
- High Growth Helping Govt Raise Spending In Education, Health: Fm (Singapore Times, Correspondent or Reporter, Jun 16, 2007)
Finance Minister P Chidambaram on Friday said the high economic growth rate has given the government an opportunity to increase spending in critical sectors such as education and health.
- Ordinance To Buy Rbi Stake In Sbi (Singapore Times, Correspondent or Reporter, Jun 16, 2007)
The government will promulgate an ordinance to buy RBI's 59.7 per cent stake in the country's largest lender SBI for estimated cost of Rs 40,000 crore.
- 'It Is The Brand Recall That Matters' (The Economic Times, Mayur Shetty, Jun 15, 2007)
SBI Life, a joint venture between SBI and Cardif of France, was the first private life insurer to report profit.
- 'It Is The Brand Recall That Matters' (The Economic Times, Mayur Shetty, Jun 14, 2007)
SBI Life, a joint venture between SBI and Cardif of France, was the first private life insurer to report profit.
- Sensex Dips Due To Heavy Selling (Deccan Herald, Correspondent or Reporter, Jun 14, 2007)
Stock market went into a tailspin on Wednesday and its benchmark BSE Sensex fell 128 points to its lowest in about a month after investors resorted to heavy selling in bank, consumer goods, metal and energy stocks.
- Sensex Sheds 128 Points (Hindu, Correspondent or Reporter, Jun 14, 2007)
The Sensex went into a tailspin on Wednesday and declined by 128 points to 14003.03.
- Govt Raises Rs 5,000 Cr For Sbi Stake (Deccan Herald, Correspondent or Reporter, Jun 13, 2007)
The government has raised Rs 5,000 crore from the money market, outside its scheduled borrowing programme for the first half of the current fiscal, to takeover the Reserve Bank’s 59.73 per cent stake in State Bank of India (SBI) by the month-end.
- India's Biggest Ipo Fully Subscribed (Singapore Times, Correspondent or Reporter, Jun 13, 2007)
Indian developer DLF got full subscription for its $2.4 billion initial public offering, the country's biggest, a day after it opened as big investors set aside fears of a property bubble.
- As Fdi Streams In, Indian Firms Now More Confident Buying Foreign Assets (Indian Express, Correspondent or Reporter, Jun 12, 2007)
The recently released World Bank report on globalization of corporate finance in developing countries has triggered a lot of excitement in the the country by pointing out that India has attracted a major chunk of the record $40.
- Icici Bank's Issue Likely In Third Week Of This Month (Pioneer, Correspondent or Reporter, Jun 11, 2007)
India's largest private sector lender, ICICI Bank's follow-on public issue, speculated to be in the range of Rs 10,000-11,000 crore, is likely to open in the third week of this month.
- Sbi Officers Defer Strike By Two Weeks (Hindu, Correspondent or Reporter, Jun 08, 2007)
State Bank of India officers deferred by two weeks their proposed strike on Friday following negotiations with the management on Thursday.
- Sbi Officers To Go On Strike Today (Hindu, Correspondent or Reporter, Jun 08, 2007)
Officers of State Bank of India , who have been observing a work-to-rule from May 1, will strike work for a day on Friday, according to a press release. General secretary of Hyderabad circle's SBI Officers' Association D. Krishna Kumar alleged . ..
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