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Articles 21 through 120 of 204:
- Time To Weigh Tax Sops On Overseas Investment (Singapore Times, Correspondent or Reporter, Jul 18, 2007)
Almost six months after finance minister P Chidambaram announced in his ’07-08 Budget that the government would converge different regulations to allow Indian individuals to invest in overseas securities through local mutual funds, policymakers are . . .
- Electing Pratibha Patil The Next Rashtrapati (Hindu, Harish Khare , Jul 04, 2007)
Yashwant Sinha, who was Finance Minister for three years in the National Democratic Alliance government, has just published a memoir of sorts entitled Confessions Of A Swadeshi Reformer.
- Indian Mfs And Investors Taste Global Waters (New Indian Express, Correspondent or Reporter, Jul 04, 2007)
With the entire gamut of Indian corporations going global, how can an upcoming sector such as mutual funds not do so?
- North Block In The Rearview Mirror (New Indian Express, Bibek Debroy, Jul 02, 2007)
This seems to be the season for Indian finance ministers to produce books. Jaswant Singh, P Chidambaram, and now, Yashwant Sinha (YS). Media never tires of ranking FMs since 1991.
- 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.
- Rbi Lists Norms For Pension Funds (Hindu, Correspondent or Reporter, Jun 29, 2007)
Banks should form subsidiaries
Should report profit for last 3 years
- 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 . . .
- Keep Axis Bank Private (The Economic Times, Editorial, Economic Times, Jun 22, 2007)
The RBI’s decision to approve P J Nayak’s nomination as chairman and managing director of Axis Bank (the erstwhile UTI Bank) is welcome.
- Sebi To Create Investors Protection Fund (Pioneer, Correspondent or Reporter, Jun 21, 2007)
In a bid to save gullible investors from defaulting member brokers SEBI is likely to set up an investor protection fund. The fund will be set up by early July, SEBI Chairman M Damodaran said on Wednesday.
- More Sinha Than Sinned Against (Hindustan Times, Correspondent or Reporter, Jun 13, 2007)
Yashwant Sinha's account of the time he spent in North Block is significant not only for what has been stated but also for what has not.
- Indian M&a Spiced With Foreign Flavour (Deccan Herald, Correspondent or Reporter, Jun 12, 2007)
According to consultancy firm Grant Thornton, 42 cross-border deals with an announced value of $4.11 billion were carried out by Corporate India in May, while 32 domestic M&As garnered just $0.26 billion to their kitty.
- 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.
- Dedicated Mfs Planned For Dollar Investments (The Financial Express, Correspondent or Reporter, Jun 08, 2007)
The government will soon allow select asset management companies to invest the dollar funds of individual investors in schemes dedicated to overseas investment. It may specify an overall cap of $5 billion on such investment.
- Uti Mf Valuation Exercise, Pre-Ipo (The Financial Express, Sourav Majumdar, Jun 08, 2007)
UTI Mutual Fund (UTI MF), the third largest mutual fund in the country with Rs 40,070 crore in assets under management, is planning to undertake a complete valuation exercise ahead of its proposed IPO. The IPO will make UTI MF the first ever listed . ..
- Zylog Systems To Establish Two Development Centres (Hindu, Correspondent or Reporter, Jun 07, 2007)
Two acres of land allotted by SIPCOT
U.S.-based private equity fund invests Rs. 17 crore
- Us-Stanchart-India (Singapore Times, Editorial, The Singapore Times, May 28, 2007)
Standard Chartered <2888.HK> is planning to return to retail stockbroking in Asia for the first time in more than a decade with a proposal to buy a brokerage network in India, the Financial Times reported on Monday.
- Left Blocks The Way Again (Tribune, Editorial, The Tribune, May 22, 2007)
Four Left leaders, including Mr Prakash Karat of the CPM and Mr A. B. Bardhan of the CPI, have opposed the pension fund regulator’s move to run the pension scheme by appointing fund managers.
- Oil Bonds And Venetian Blinds (The Financial Express, Editorial, Financial Express, May 18, 2007)
Just as sundry investors, fund managers and rating agencies were singing hosannas to the Indian government’s good housekeeping, along comes a report which could cut the applause short.
- Sensex Surges 170 Points (Pioneer, Correspondent or Reporter, May 15, 2007)
Bulls, inspired by impressive quarterly results from banking sector heavyweight State Bank of India and support from strong global markets lifted the Sensex by nearly 170 points on Monday.
- Reliance Largest Fund House Again (Times of India, Correspondent or Reporter, May 05, 2007)
Anil Dhirubhai Ambani group company, the Reliance Mutual Fund, retains its position as the country’s largest fund house having assets of over Rs 48,000 crore, even as the collective wealth of all the fund houses soars past Rs 3.50 lakh crore.
- Iraq Blast: 3 Indians Among Victims (Deccan Herald, Correspondent or Reporter, May 01, 2007)
Three Indian pilgrims were among the 58 persons killed in a bomb explosion that rocked the Iraqi holy city of Karbala last Saturday, DHNS reports from New Delhi.
- Uti Bank Turns ‘Axis’ (Deccan Herald, Correspondent or Reporter, May 01, 2007)
The recommendation for the change of name has arisen from the existence of several shareholder-unrelated entities using the UTI brand, and the consequent brand confusion that this generates.
- The Human Side (Hindu, Correspondent or Reporter, Apr 30, 2007)
An absorbing sequence of case studies that are shrewdly extrapolated to make larger points.
- About Time: Sponsors Were To Exit Uti Long Ago (The Economic Times, Editorial, Economic Times, Apr 27, 2007)
The decision by the four state-owned sponsors of UTI Asset Management Company (AMC) to offload 50% of their holdings through an offer for sale and subsequent listing marks another milestone in UTI’s chequered history.
- Rupee Gains More, Closes At 40.9 (Business Line, Correspondent or Reporter, Apr 26, 2007)
"We do not have a particular band for exchange rate for rupee. But we certainly would like to avoid excess volatility."
- From Paper To Passwords (Indian Express, Editorial, Indian Express, Apr 23, 2007)
The business of banking is synonymous with trust. Bank customers measure this trust through the questions: is my wealth secure, is my privacy protected?
- Fm To Banks: Cut Credit For Commercial Property (Indian Express, Correspondent or Reporter, Apr 20, 2007)
The government on Thursday asked public sector banks to moderate credit growth to high risk sectors like commercial real estate and capital markets and open new branches in 103 minority-dominated districts.
- Phenomenal Rise Of India's Savings (British Broadcasting Corporation, Correspondent or Reporter, Apr 19, 2007)
One economic variable that eludes popular attention but is arguably the most important indicator of an economy's long-term health is the savings rate.
- Phenomenal Rise Of India's Savings (British Broadcasting Corporation, Correspondent or Reporter, Apr 16, 2007)
One economic variable that eludes popular attention but is arguably the most important indicator of an economy's long-term health is the savings rate.
- Rbi Tightens Norms For Wire Transfers (Indian Express, Correspondent or Reporter, Apr 16, 2007)
The Reserve Bank of India (RBI) has tightened fund transfer norms in a bid to curb financial terrorism and money laundering. Revising the KYC (know your customer) norms for wire transfers, the RBI has said banks will have to insist on complete . . . .
- ‘Indian Banking Lagging 25 Yrs By World Standards’ (Indian Express, George Mathew, Apr 16, 2007)
Twenty years ago in India, customers used to wait for three or four years to get delivery of an Ambassador or a Premier Padmini car — that too after paying 40 per cent of the cost of the vehicle as booking advance.
- Backdoor Nationalisation: Let Uti Bank Retain Its Private Character (The Economic Times, Editorial, Economic Times, Apr 16, 2007)
The proposal to let Life Insurance Corporation of India (LIC) acquire UTI’s old shareholding in UTI Bank has resurfaced, if media reports are true. This will raise LIC’s stake in the bank from 10.3% to a formidable 37.8%.
- Red Hat To Make India Services Strategy Hub (Singapore Times, N SHIVAPRIYA, Apr 13, 2007)
A year and half after it bought out its Indian JV partner and set up a fully-owned subsidiary in the country, open source software leader Red Hat Inc is making India the hub for its new services strategy.
- Sensex Up; Friday The 13th May Decide Medium Term Direction (Indian Express, Sandeep Singh, Apr 10, 2007)
The market broke last week’s trend today. The Sensex rose 321 points or 2.5 per cent, closing at 13,177. Surprisingly, the banking index (Bankex), which had been leading the fall in the Sensex last week, ended up as the biggest sectoral gainer.
- Headhunting Again (The Financial Express, Editorial, Financial Express, Apr 06, 2007)
How the Reserve Bank of India (RBI) finds time off the job of ‘fixing’ inflation, which it is doing in its own special manner, is a mystery.
- From Paper To Passwords (Indian Express, Correspondent or Reporter, Apr 05, 2007)
The business of banking is synonymous with trust. Bank customers measure this trust through the questions: is my wealth secure, is my privacy protected? With the advent of Internet banking and an increase in global terrorism, banks face complex . . .
- Reliance Mf Back On Top, Hits $10 Bn (Indian Express, Correspondent or Reporter, Apr 04, 2007)
Reliance Mutual Fund has regained its position as the country’s biggest fund house, overtaking ICICI Prudential by a huge margin in terms of assets under management (AUM).
- Rbi’S Move Makes Bank Shares Sink (Deccan Herald, Correspondent or Reporter, Apr 03, 2007)
Banking segment cracked under pressure from Reserve Bank’s move to limit money flow, as the sector stocks fell by 389.42 points or 6 per cent, against 4.7 per cent drop recorded by the benchmark Sensex.
- Renault, Gm Join Battle For India's Car Market (The Financial Express, Correspondent or Reporter, Mar 27, 2007)
Half a century ago, Renault and Mahindra & Mahindra Ltd. failed to get off the ground a venture to make a cheap car for the local Indian market priced at a princely $158.
- Rbi Seeks Data From Banks On Frauds (Business Standard, Correspondent or Reporter, Mar 24, 2007)
The Reserve Bank of India (RBI) has instructed banks to furnish data on frauds, thefts and burglaries on a quarterly basis to the regional offices of the Urban Banks Department.
- Sbi, Icici To Raise Funds Abroad (Indian Express, Correspondent or Reporter, Mar 24, 2007)
The State Bank of India, the country’s largest commercial lender, has increased the size of its minimum term note (MTN) programme to $5 billion from the earlier $2 billion.
- Uti Bank Aims Pan-Asian Branch Presence (The Economic Times, Correspondent or Reporter, Mar 24, 2007)
UTI Bank hopes to grow its loan book at over 30% in the next financial year says Our Bureau. The bank, which is opening branches in Dubai and Hong Kong, is planning to set up shop in other Asian countries to make UTI a pan-Asian bank.
- India Inc Carts Money To Pvt Banks To Duck Strike (The Economic Times, Correspondent or Reporter, Mar 20, 2007)
India Inc, small businesses and cautious individuals have started transferring money to private sector and foreign banks in the wake of a strike call given by public sector bank unions for next week.
- Uti Bank Aims Pan-Asian Branch Presence (The Economic Times, Correspondent or Reporter, Mar 15, 2007)
UTI Bank hopes to grow its loan book at over 30% in the next financial year says Our Bureau. The bank, which is opening branches in Dubai and Hong Kong, is planning to set up shop in other Asian countries to make UTI a pan-Asian bank.
- Uti Bank Plans To Raise $754 Millionq (New Indian Express, Correspondent or Reporter, Mar 14, 2007)
In order to pursue its overseas expansion plans, private sector lender, UTI Bank on Tuesday said that it will raise up to $754 million through MTN programme in the next financial year even as it has its Board approval for raising about Rs 970 crore . . .
- Igniting Women Entrepreneurship (The Economic Times, Rama Bijapurkar, Mar 08, 2007)
The new buzz in the conference circuit is the arithmetic argument that there could be a big GDP boost if more Indian women became economically active (77% of urban housewives, 60% of rural do not work outside the home).
- Uti Mf Lets Customers Trade In Gold (Deccan Herald, Correspondent or Reporter, Feb 28, 2007)
UTI Mutual Fund, on Tuesday, announced the launch of UTI Gold Exchange Traded Fund, offering investors an easy and convenient way to invest in gold.
- New Road, Old Car (Indian Express, Editorial, Indian Express, Feb 28, 2007)
In any economy, there is a growth story and an inflation story. The Economic Survey is expectedly happy over the growth story — GDP growth of 9.2 per cent in 2006-07, a savings rate of 32.4 per cent and investment rate of 33.8 per cent (2005-06 figures).
- Indian Pupils Hit Hard By Uk Visa Rules (Times of India, RASHMEE ROSHAN LALL, Feb 21, 2007)
Hundreds of Indians studying here say they are badly hit by Britain's stringent new immigration rules that allegedly disenfranchise non-European nationals who hold Highly Skilled Migrant visas.
- Basel Ii And India's Banking Structure (Business Line, C. P. Chandrasekhar, Feb 20, 2007)
Despite the postponement of the target dates for banks to implement the Basel II guidelines, adjustments aimed at realising that goal are under way.
- Uti Bank, Shriram Transport Launch Co-Branded Card (Hindu, Correspondent or Reporter, Feb 15, 2007)
The bank may raise debt for expansion
To open a branch in Hong Kong
- Paper Gold May Face Long Haul To Success In India (Singapore Times, Correspondent or Reporter, Feb 07, 2007)
India, the world's largest gold consumer, is set to join the small group of countries having exchange traded funds (ETFs), but strong cultural affinity with physical bullion may deter investors.
- A Mega Financier (The Financial Express, Editorial, Financial Express, Feb 06, 2007)
If the scars of successive stock market scams in the post-liberalisation phase have left their mark anywhere, it is on the financial sector. Each scam left at least one financial sector entity bruised, culminating in the unseemly UTI episode of 2001.
- Bank Gdrs: Rbi Move To Curb Depositories Interference (Business Line, Correspondent or Reporter, Feb 06, 2007)
To check any possible interference of depositories in the management of banks, issuing American Depository Receipts or Global Depository Receipts, the RBI has advised banks to furnish a copy of each of the depository agreements entered into.
- Pension Reforms Stalled But Uti Shows The Way With Scheme For The Unorganised (Indian Express, VIKAS DHOOT, Feb 05, 2007)
While the UPA government’s attempts at convincing its Left allies on the need for pension reforms continue to fall on deaf ears, the UTI Mutual Fund has been making some serious progress on the daunting task of providing a pension scheme for . . .
- Reliance Comm Crosses Rs 1 Lakh Cr Mark In M-Cap (Pioneer, Correspondent or Reporter, Feb 03, 2007)
Anil Dhirubhai Ambani Group Chairman Anil Ambani and his wife Tina Ambani got a perfect wedding gift on Friday as Reliance Communications (RCOM) became a Rs one trillion firm in terms of market cap and Reliance Mutual Funds emerged as India's . . .
- Multiple Ids Are No Guarantee Against Mess-Up (Indian Express, Sucheta Dalal, Jan 29, 2007)
Over the last three weeks, mutual fund investors have been fuming at the creation of a new identification number, which has been mandated, in addition to the Permanent Account Number (PAN) card of the Income Tax Department.
- Uti Bank To Enter Hong Kong, Dubai (Hindu, Correspondent or Reporter, Jan 28, 2007)
Gets RBI nod for setting up AMC
Plans to have an investment subsidiary
Opens third priority banking branch
- Icici Bank Q3 Net Up 42% (Business Line, Correspondent or Reporter, Jan 21, 2007)
Higher interest income, coupled with a significant rise in fee-based revenue, enabled ICICI Bank to report a 42 per cent growth in net profit in the third quarter.
- Sebi Allows Exchange Traded Fund For Gold (Singapore Times, Correspondent or Reporter, Jan 18, 2007)
Four-and-a-half years ago two Indian financial wizards took an idea of a new product to the market regulator the Securities and Exchange Board of India (Sebi). It was a financial innovation which proposed to give gold-crazy Indians the option to . . .
- Banks Seek Rbi Nod To Short Sell Securities (Business Line, Radhika Menon, Jan 09, 2007)
Banks cite poor volumes as defeating the purpose of price discovery
- Reliance Tops List Of Private Mutual Funds (Plain Dealer, Correspondent or Reporter, Jan 04, 2007)
Reliance Mutual Fund has toppled Prudential ICICI Mutual Fund as the country's largest private sector mutual fund house, while UTI Mutual Fund retained its leading position across both public and private sector funds in December.
- Team Disbanded (Indian Express, Sucheta Dalal, Dec 24, 2006)
There is bad news regarding investigation into the 2000 scam.
- Fund Management Is A Lot Profitable In India (Singapore Times, Correspondent or Reporter, Dec 22, 2006)
Ever wondered why the AXAs and the Lotuses of the world eye Rs 3.30 lakh crore Indian fund management business when there are already 30 existing players? It’s the assurance of profitability with lesser commitment of capital, ET reasons.
- Shriram, Uti Bank Credit Card Launched (New Indian Express, Correspondent or Reporter, Dec 21, 2006)
Shriram Transport Finance Company Ltd (Shriram) announced on Wednesday the launch of a co-branded credit card in association with UTI Bank.
- Centaurs Of India's Financial Jungles (The Economic Times, Editorial, Economic Times, Dec 20, 2006)
A new kind of beast now roams the financial jungles of this country. They are almost like the mythical centaur — half this and half that. Many writers have portrayed the liminal nature of this half-horse-half-man as an embodiment of two contrasting . . .
- The Ketan Parekh Investigation Trundles Forward (Indian Express, Sucheta Dalal, Nov 20, 2006)
Last week, Ketan Parekh is understood to have told the apex court that he can no longer make payments towards the money owed by him to Madhavpura Mercantile Cooperative Bank (MCCB).
- Divided On Pension Fund (Tribune, Editorial, The Tribune, Nov 17, 2006)
Pro-reform Marxist and West Bengal Chief Minister Buddhadeb Bhattacharjee has reportedly agreed to persuade fellow comrades to stop their strident opposition to the long-pending pension Bill after a meeting with Prime Minister Manmohan Singh on Wednesday.
- Sensex Continues To Roar, Up 116 Pts (Pioneer, Correspondent or Reporter, Nov 14, 2006)
Thanks to strong economic data and a few stock specific developments. The markets ended firm on Monday with the benchmark index surging 116 points to close at 13,399 levels.
- Watch Your Fund Investment Even In A Booming Market (Indian Express, Correspondent or Reporter, Nov 06, 2006)
According to the Wall Street Journal, the US mutual fund industry is headed for another "explosive scandal" as the Securities and Exchange Commission (SEC) investigates 27 mutual funds for allegedly accepting hundreds of million dollars in . . . .
- Nathula Border Post Revisited (Hindu, VINAY KUMAR, Nov 02, 2006)
Trade resumption hailed as a "positive step forward"
Chinese side has reciprocated the warmth and cordiality
Seen as a step that will usher in economic development of Sikkim
- Where Crime Does Pay (Indian Express, A N Sudarsan Rao , Oct 27, 2006)
Is Jeff Skilling, the former CEO of Enron more guilty than some Indian corporate chieftains? What was Skilling’s crime? More than just leading a financial fraud that destroyed a company, his crime was also to trigger a run on corporate . . .
- Micro-Credit Has Not Made Any Macro Impact (Business Line, S. D. Naik, Oct 27, 2006)
Despite the progress made by the micro-finance movement over the past decade, at the macro level, the sector has not been able to make much of an impact.
- Uti Bank: Hot Numbers (Business Standard, Niraj Bhatt, Oct 15, 2006)
It was yet another solid quarter at UTI Bank in September 2006. Its net interest income increased by 43 per cent y-o-y to Rs 365 crore, due to higher advances and cheaper funds. Its net interest margin went up by 24 basis points q-o-q and 12 basis . . .
- Uti Bank: Hot Numbers (Business Standard, Niraj Bhatt, Oct 14, 2006)
It was yet another solid quarter at UTI Bank in September 2006. Its net interest income increased by 43 per cent y-o-y to Rs 365 crore, due to higher advances and cheaper funds. Its net interest margin went up by 24 basis points q-o-q and 12 basis . . .
- Mumbai Airport Set For Mega Makeover; Rs 5200-Crore Plan Unveiled (New Indian Express, Correspondent or Reporter, Oct 13, 2006)
Mumbai International Airport Ltd (MIAL) on Thursday unveiled a master plan to handle an annual passenger traffic of 40 million and remove infrastructure bottlenecks at the country's busiest airport.
- Healthy Slip (The Financial Express, Editorial, Financial Express, Oct 09, 2006)
Ever been in an embarrassing situation in a room full of foreign delegates?
- Wanted: Sinologists (The Financial Express, Editorial, Financial Express, Oct 09, 2006)
Ever been in an embarrassing situation in a room full of foreign delegates? And with you as the event organiser? Such a faux pas can lighten the room, especially when you know how to laugh at yourself.
- Building A Halfway House (Business Standard, Editorial, Business Standard, Oct 06, 2006)
The Congress and the CPI(M) are trying to arrive at a middle path on pension reforms. The New Pension System has been introduced for all new recruits into the central government from January 2004.
- Modernisation Is Railways’ New Watchword (Deccan Herald, Correspondent or Reporter, Oct 03, 2006)
The Railways is all set to completely revamp its enquiry system by handing over the contract to leading BPO firms.
- Gdp Rate Is Inching Up To 9% Now (The Economic Times, Correspondent or Reporter, Sep 30, 2006)
India's gdp growth rate is testing the 9% mark. The economy has grown by 8.9% for the April-July quarter of 2006-07 , the highest rate of first quarter growth since 2000-01 .
- Small Banks In A Competitive Era (Hindu, Editorial, The Hindu, Sep 26, 2006)
The decision to merge the troubled United Western Bank (UWB) with IDBI Bank in no way obviates the need for a wide-ranging debate on the larger issues related to small banks.
- Rlys To Tap Net Cafes, Atms For Ticket Sales (Business Line, Editorial, Business Line, Sep 22, 2006)
IRCTC, Sify tie up for online booking with offline payment mechanism
Online payment major deterrent to e-ticketing
Passengers can pay cash when buying online at an iway centre
Railways attempts to rope in postal dept, banks for ticket sales.
- Micro Finance Builds Bridges (Business Standard, Editorial, Business Standard, Sep 22, 2006)
I had learnt many years ago about how small loans to the poor work in theory. Initially it was research on the internet on a subject which interested me, followed by consulting for Sa-Dhan, the association of microfinance companies in India.
- Sc Breather To Praful On Fraud Charge (Times of India, Dhananjay Mahapatra, Sep 20, 2006)
Civil aviation minister Praful Patel on Tuesday earned a reprieve from the SC, which stayed further proceedings against him in a case pertaining to a firm, Autorider Finance Ltd, cheating UTI of Rs 50 crore.
- Racing To The Bottom Of The Pyramid (The Financial Express, Sucheta Dalal, Sep 18, 2006)
It is a veritable race to the bottom of the pyramid. Just a decade ago, banks on an aggressive growth path used to eliminate small & medium enterprises (SMEs) from their portfolio. Then, economic and corporate reform, falling interest rates and a . . .
- Jermyn Order (Indian Express, Sucheta Dalal, Sep 14, 2006)
Now that the Securities Appellate Tribunal has upheld the regulator's view that Jermyn Capital is 'not a fit and proper' person in the context of India's capital market, it raises questions about the inaction by other regulators and . . .
- Wrong On Rights (The Financial Express, Editorial, Financial Express, Sep 12, 2006)
FM holds reforms hostage to archaic ideology
- Expand The Net (Times of India, Editorial, The Times of India, Sep 05, 2006)
Well begun, but less than half done. That is how one can sum up laudable initiatives by UTI Mutual Fund to extend its reach to the unorganised sector.
- Merchant Bankers Tag Safety Net To Ipos (Business Line, Editorial, Business Line, Sep 04, 2006)
To lure retail investors back to the market
- Bulls Back, Sensex Gains 79 Pts (Pioneer, Correspondent or Reporter, Sep 02, 2006)
The Sensex opened at 11,699.57 on Friday morning and rapidly fell into the red to 11,666.01 as blue chip stocks went down on a moderate bout of selling pressure.
- No Witch-Hunt Please: Bad Decisions Don’T Prove Corruption (The Economic Times, Editorial, Economic Times, Sep 01, 2006)
The CBI’s decision to chargesheet 32 persons, including the former managing director of SBI Mutual Fund and some fund managers who have gone on to high profile jobs in private MFs, has created consternation in industry circles.
- Icici Bank Offers $340-M Bond Issue At 7.25 Pc (Business Line, Correspondent or Reporter, Aug 19, 2006)
Offer receives $3.6 b order book, subscribed 10 times
- Reliance Life Launches Its First Insurance Product (Deccan Herald, Correspondent or Reporter, Aug 18, 2006)
Anil Dhirubhai Ambani Group company, Reliance Life Insurance on Thursday announced the launch of Reliance Connect 2 Life Plan, its first product since acquiring the life insurance business of AMP Sanmar in October last.
- Andhra Bank, Icici Bank Lead In Npa Cut: Study (Hindu, Correspondent or Reporter, Aug 17, 2006)
Improved assets quality contributed to impressive bottom-line
- Icici To Market 1st Indian Tier 1 Issue (Reuters, Correspondent or Reporter, Aug 11, 2006)
ICICI Bank, India's second-largest lender, will begin marketing its first hybrid tier I offering next week, market sources said on Friday.
- A Big Step, A Small Move (Business Standard, Editorial, Business Standard, Aug 03, 2006)
The incentive structure for public sector bank CEOs is welcome, but nowhere near enough.
- Making Monitors Obey Their Own Standards (The Financial Express, Sucheta Dalal, Jul 31, 2006)
There appears to be a regulation gap of many independent entities with fiduciary responsibility.
- Lashkar’S Mumbai Chief Walked Out Of Home 5 Yrs Ago, Family Clueless (Indian Express, Correspondent or Reporter, Jul 29, 2006)
Police are yet to pin down the role of alleged Mumbai LeT chief Faizal Ataur Rehman Sheikh (30) in the serial blasts of Terrible Tuesday, but a bizarre coincidence has added another twist to the case—the chairman of the housing society where . . .
- Global Arena Widens For Mf Investors (Pioneer, PTI, Jul 29, 2006)
Investors can now look forward to new opportunities in the global markets with eased overseas investment norms for mutual funds, which provides the much-needed quality diversification to their portfolios, the industry experts said.
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