financial institution

Armed Brazilian demands bank returns her $25


August 3rd, 2012 - 11:50 am ICT by IANS
Sao Paulo, Aug 3 (IANS/EFE) A 73-year-old retired teacher went to a bank in Brazil and demanded at gunpoint that the financial institution return 50 reais (about $25) that a ... Read more...

Posted in World |

Youth arrested for cheating ex-labour ministry employee


July 19th, 2012 - 9:23 pm ICT by IANS
New Delhi, July 19 (IANS) A 27-year-old youth was arrested here for cheating a retired labour ministry employee of Rs.92,000 on the pretext of providing him a bank loan, police ... Read more...

Posted in Uncategorized |

No service tax on foreign remittances: Government


July 10th, 2012 - 7:44 pm ICT by IANS
New Delhi, July 10 (IANS) The government said Tuesday remittances sent from overseas will not be liable for service tax charge, putting to rest the confusion that had arisen ... Read more...

Posted in Business |

Tamil Nadu to annul Udangudi power joint venture soon


June 18th, 2012 - 4:43 pm ICT by IANS
Chennai, June 18 (IANS) The 1,600 MW joint venture power project between Tamil Nadu Electricity Board (TNEB) and power equipment maker Bharat Heavy Electricals Ltd (BHEL), planned at Udangudi in ... Read more...

Posted in Business |

Bangladesh forms panel on Grameen Bank


May 16th, 2012 - 10:40 pm ICT by IANS
Dhaka, May 16 (IANS) The Bangladeshi government Wednesday set up a commission to ensure a better fate for its famous Grameen Bank following its founder Mohammad Yunus's removal from the ... Read more...

Posted in World |

Tamil Nadu scraps power joint venture, BHEL surprised (Lead)


February 24th, 2012 - 7:24 pm ICT by IANS
Chennai, Feb 24 (IANS) Taking the state-owned Bharat Heavy Electricals Ltd. (BHEL) by surprise, Tamil Nadu Chief Minister J. Jayalalithaa Friday scrapped the 1,600 MW power joint venture with ... Read more...

Posted in Business |

Tamil Nadu scraps power joint venture with BHEL


February 24th, 2012 - 3:22 pm ICT by IANS
Chennai, Feb 24 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Friday scrapped the 1,600 MW power project joint venture with Bharat Heavy Electricals Limited (BHEL) and announced that the government ... Read more...

Posted in Uncategorized |

Public sector firms join hands for infrastructure financing


September 17th, 2011 - 11:05 pm ICT by IANS
Mumbai, Sep 17 (IANS) Government-run financial institutions -- Life Insurance Corporation, India Infrastructure Finance Company Ltd and Infrastructure Development Finance Company -- Saturday signed an agreement aimed at removing ... Read more...

Posted in Business |

Bank of America to eliminate 30,000 jobs


September 13th, 2011 - 11:51 am ICT by IANS
New York, Sep 13 (IANS/EFE) Bank of America Corp., the largest US financial institution by assets, announced Monday a restructuring plan that calls for $5 billion in annual cost reductions ... Read more...

Posted in Business |

Wells Fargo to charge $3 fee per month for debit cards


August 17th, 2011 - 11:06 pm ICT by Aishwarya Bhatt
Washington, Aug 17 (THAINDIAN NEWS) Wells Fargo has rolled out a new program to charge customers in five States $3 every month for debit card use. The financial institution has subsequently sent ... Read more...

Posted in Business |

India presses Lagarde on more voice in IMF for emerging economies


June 30th, 2011 - 12:54 am ICT by IANS
Washington, June 29 (IANS) Finance Minister Pranab Mukherjee has expressed the hope that under the leadership of Chritine Lagaarde, the International Monetary Fund (IMF) will deal effectively and fairly ... Read more...

Posted in Business |

Power Finance Corporation to raise lending rate


May 11th, 2011 - 10:32 pm ICT by IANS
Kolkata, May 11 (IANS) The Power Finance Corporation (PFC), the financial institution dedicated to power sector financing, will shortly raise its lending rate to adjust it according to current market ... Read more...

Posted in Business |

India among major economies to drive Asian growth: ADB


May 4th, 2011 - 6:56 pm ICT by IANS
Hanoi, May 4 (IANS) India and six other major economies in Asia will drive the region's growth, which, according to current projections, could account for more than half of the ... Read more...

Posted in Uncategorized |

Japanese PM admits foreign donations


March 11th, 2011 - 3:37 pm ICT by ANI
Tokyo, Mar.11 (ANI): Japanese Prime Minister Naoto Kan has admitted that his political fund management body had accepted donation from a foreigner, a South Korean resident in Japan.Speaking at the House ... Read more...

Posted in World |

Reliance Communications inks $1.9 bn loan deal with Chinese bank


March 9th, 2011 - 7:13 pm ICT by IANS
New Delhi, March 9 (IANS) Reliance Communications Wednesday said it has concluded all necessary formalities with the China Development Bank for a $1.93-billion loan facility to finance its third generation ... Read more...

Posted in Sci-Tech |

Kerala to support Islamic banking venture


February 4th, 2011 - 10:11 pm ICT by IANS
Thiruvananthapuram, Feb 4 (IANS) Kerala Finance Minister Thomas Issac Friday expressed happiness over a court verdict giving the green signal to Al Barakah Company to start an institution on Islamic banking principles.The ... Read more...

Posted in Business |

Citigroup acquires EMI and reduces debt by 65 percent


February 2nd, 2011 - 2:37 am ICT by BNO News
NEW YORK (BNO NEWS) -- Citgroup, the international financial conglomerate, on Tuesday acquired EMI Group Ltd and reduced the music company's debt by 65 percent.Citigroup acquired 100 percent of EMI's share capital. ... Read more...

Posted in Business |

Bank of America Stops Dealings With WikiLeaks


December 19th, 2010 - 6:03 pm ICT by GD
By Gina Gomez Dec 19, (THAINDIAN NEWS) Whistle-blowing website WikiLeaks received a setback recently when Bank of America, considered to be one of the world's largest bank, severed all ties with the whistle-blower ... Read more...

Posted in World News |

Japanese bank to increase investments in Emirati projects


October 21st, 2010 - 1:07 am ICT by IANS
Abu Dhabi, Oct 20 (IANS/WAM) A leading Japanese financial institution Wednesday assured the United Arab Emirates of increasing Japanese investments in various Emirati projects.Executive director of the Japan Bank for International Cooperation ... Read more...

Posted in Business |

French rogue trader Jerome Kerviel gets three years in prison


October 5th, 2010 - 10:18 pm ICT by BNO News
PARIS (BNO NEWS) -- A former trader for Société Générale, one of Europe's leading financial services company, has been sentenced to 36 months in prison and ordered to repay the company 4.9 ... Read more...

Posted in Business |

PNB JV’s merger bid in Nepal bounces


September 24th, 2010 - 5:36 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, Sep 24 (IANS) The bid by Indian public sector Punjab National Bank (PNB)'s joint venture in Nepal, Everest Bank Ltd (EBL), to merge with another Nepali bank ... Read more...

Posted in Business |

IndiaFirst Life to expand distribution reach


September 2nd, 2010 - 3:21 pm ICT by IANS
Chennai, Sep 2 (IANS) IndiaFirst Life Insurance, a three-way joint venture of Andhra Bank, Bank of Baroda and British financial institution Legal and General, will open 12 new branches to sell its ... Read more...

Posted in Business |

Pak Govt’s new bill to put stricter checks on terrorists


July 28th, 2010 - 3:00 pm ICT by ANI
Islamabad, Jul 28 (ANI): To have an adequate deterrence and curb on terrorism effectively in the country, the Pakistan Government has introduced a comprehensive legislation in the Senate in this regard.Interior Minister ... Read more...

Posted in South Asia |

Obama signs law to prevent another recesssion (Lead)


July 22nd, 2010 - 1:22 am ICT by IANS
By Arun Kumar Washington, July 21 (IANS) US President Barack Obama has signed into law the most sweeping financial industry reform legislation since the Great Depression, terming it insurance against the kind ... Read more...

Posted in Business |

Liquidity will be comfortable by July end: SBI chief


July 13th, 2010 - 2:41 pm ICT by ANI
Mumbai, July 13 (ANI): Om Prakash Bhatt, the Chairman of the State Bank of India, the country's largest bank financial institution, has said that the cash crunch in the banking system ... Read more...

Posted in Business |

Share capital of minorities financial institution hiked


July 8th, 2010 - 6:07 pm ICT by IANS
New Delhi, July 8 (IANS) The government Thursday approved a hike in the authorised share capital of the National Minorities Development Finance Corporation (NMDFC) from Rs.1,000 crore to Rs.1,500 crore to enable ... Read more...

Posted in Business |

Obama happy with the vote on Wall Street reform


May 21st, 2010 - 9:04 pm ICT by Aishwarya Bhatt
Washington DC, May 21 (THAINDIAN NEWS) President Barack Obama has given the thumbs up for Senate's vote on Wall Street reform. President Obama called the vote a victory over the Wall Street. ... Read more...

Posted in Business |

Phishing scam warning issued in Mississippi


March 11th, 2010 - 1:20 am ICT by BNO News
JACKSON, MISSISSIPPI (BNO NEWS) – Attorney General Jim Hood issued a to warning credit union members of a suspected phishing scam on Wednesday.Phishing is a computer-related scam that uses email, pop-up messages ... Read more...

Posted in World News |

Rural Electrification Corp public offer oversubscribed 3.1 times


February 23rd, 2010 - 8:42 pm ICT by IANS
Mumbai, Feb 23 (IANS) The follow-on public offer by state-run Rural Electrification Corp was oversubscribed 3.1 times, primarily due to huge support from financial institutions. However, the small investor displayed low appetite ... Read more...

Posted in Business |

Guatemalan planned his own murder, finds probe


January 13th, 2010 - 1:47 pm ICT by IANS
Guatemala City, Jan 13 (IANS/EFE) A Spanish jurist who chairs Guatemala's International Commission Against Impunity has said that prominent attorney Rodrigo Rosenberg planned his own murder. The May 10, 2009 crime ignited a ... Read more...

Posted in World |

‘Tweetups’, ‘unfriend’ added to Oxford English Dictionary


December 30th, 2009 - 3:56 pm ICT by ANI
London, Dec 30 (ANI): The increasing popularity of Internet has led to the inclusion of 'Tweetups' and 'unfriend' in the Oxford Dictionary.While 'Unfriend' means removing someone as a 'friend' on a ... Read more...

Posted in World |

Toni Braxton splits from hubby Keri Lewis?


November 7th, 2009 - 5:39 pm ICT by ANI
Washington, Nov 7 (ANI): R 'n' B singer Toni Braxton has reportedly split from her hubby of eight years Keri Lewis.According to Essence.com, the split comes as Braxton, who has two children, ... Read more...

Posted in Entertainment |

Britain poised to sell off three nationalised banks


November 1st, 2009 - 11:00 pm ICT by IANS
London, Nov 1 (DPA) The British government is poised to sell off some of the country's struggling banks bailed out and nationalised in the wake of the global financial meltdown, it was ... Read more...

Posted in Business |

New telecom players cannot sell stake for three years


July 23rd, 2009 - 9:10 pm ICT by IANS
New Delhi, July 23 (IANS) The government Thursday said new entrants in the telecom sector cannot sell the promoters' equity within three years of getting the licence. "There shall be a lock-in period ... Read more...

Posted in Business |

Debt-ridden Jacko applied for loans under 20 fake names


July 3rd, 2009 - 1:58 pm ICT by ANI
London, July 3 (ANI): Late King of Pop Michael Jackson was so desperate to have money that he had applied for loans under 20 different names, it has been revealed.According to ... Read more...

Posted in Entertainment |

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