indian financial institutions

Fitch cuts SBI, PNB, ICICI Bank outlook to negative (Lead)


June 20th, 2012 - 6:22 pm ICT by IANS
Mumbai, June 20 (IANS) Global ratings agency Fitch Wednesday cut its outlook on leading Indian financial institutions, including State Bank of India (SBI), ICICI Bank and Punjab National Bank ... Read more...

Posted in Business |

Fitch revises ratings for 11 Indian financial institutions


June 20th, 2012 - 4:23 pm ICT by IANS
Chennai, June 20 (IANS) Credit rating agency Fitch Ratings Wednesday announced the revision of the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of ... Read more...

Posted in Business |

US exempts India from Iran oil sanctions (Second Lead)


June 12th, 2012 - 2:49 pm ICT by IANS
Washington, June 12 (IANS) A day before India-US strategic dialogue here, the US has exempted India and six other nations from its tough Iran oil sanctions for significantly reducing their ... Read more...

Posted in World |

India voices concern over curbs on US business visas


May 31st, 2012 - 1:46 pm ICT by IANS
Washington, May 31 (IANS) Voicing Indian businesses' concern over new US restrictions imposed on H1-B and L1 visas, New Delhi has expressed the hope this trend will not be sustained ... Read more...

Posted in Business |

Bangladeshi firm to set up agro-processing plants in Tripura


May 24th, 2012 - 6:58 pm ICT by IANS
Agartala, May 24 (IANS) The PRAN Group of Bangladesh will set up agro-processing plants in Tripura with an investment of $5 million, an official said here Thursday. The project is ... Read more...

Posted in South Asia |

Kamal Nath calls for reforms in governance


March 7th, 2011 - 10:27 pm ICT by ANI
New Delhi, Mar 7 (ANI): After receiving the report of the High Powered Expert Committee on Urban Infrastructure, Urban Development Minister Kamal Nath today said the reforms in governance is needed to ... Read more...

Posted in National |

Kenya seeks India’s help in setting up SEZs


November 29th, 2010 - 5:11 pm ICT by IANS
New Delhi, Nov 29 (IANS) Kenya has sought financial and technical assistance from India in setting up special economic zones (SEZs), Minister of State for Commerce and Industry Jyotiraditya M. Scindia said ... Read more...

Posted in Business |

IDBI opens branch in Dubai


June 3rd, 2010 - 11:52 am ICT by ANI
Dubai (UAE),June 3 (ANI-Business Wire India): IDBI Bank one of India's leading banks, majority owned by Government of India, has received a license from the Dubai Financial Services Authority (DFSA) to provide ... Read more...

Posted in Business |

US Ex-Im Bank loan for India’s infrastructure sector


August 10th, 2009 - 7:14 pm ICT by IANS
New Delhi, Aug 10 (IANS) The Export-Import Bank of the US has committed $2.45 billion under the India Infrastructure Facility, which provides for medium- and long-term financing of guaranteed, dollar loans ... Read more...

Posted in Business |

India’s Exim Bank gets $60 mn to support small businesses


June 19th, 2009 - 9:51 pm ICT by IANS
Washington, June 19 (IANS) The Export-Import Bank of India is getting a $60 million international trade facility to help support export-focused small and medium enterprises, which have suffered reduced access to finance ... Read more...

Posted in Business |

Financial sector to strengthen anti-money laundering systems


June 18th, 2009 - 7:24 pm ICT by IANS
New Delhi, June 18 (IANS) With slush funds being increasingly used for financing terrorism, Indian financial institutions are planning to increase investment in their anti-money laundering systems, a survey by global ... Read more...

Posted in Business |

Bangladeshi firm to set up food processing units in India


March 18th, 2009 - 6:32 pm ICT by IANS
Agartala, March 18 (IANS) PRAN Group, a Bangladeshi food processing firm, will set up agro-processing plants in Tripura, Orissa and Tamil Nadu, officials said Wednesday. "Setting up of agro-processing plant with an investment ... Read more...

Posted in Business |

Satyam promoters’ equity stake falls to 5.13 percent (Lead)


January 3rd, 2009 - 12:34 am ICT by IANS
Bangalore, Jan 2 (IANS) The 8.27 percent minority stake of promoters in IT bellwether Satyam Computer Services Ltd slumped to 5.13 percent after their shares, pledged with financial institutions, were sold in ... Read more...

Posted in Uncategorized |

Sale of Satyam promoters’ stake by lenders feared


December 29th, 2008 - 6:29 pm ICT by IANS
Bangalore, Dec 29 (IANS) The minority holding of promoters in Satyam Computer Services is feared to have been diluted by institutional lenders with which the shares were pledged through a holding firm, ... Read more...

Posted in Uncategorized |

Satyam convenes board meet to buy back shares


December 18th, 2008 - 6:27 pm ICT by IANS
Bangalore, Dec 18 (IANS) India's fourth largest IT bellwether Satyam Computer Services plans to buy back shares, ostensibly to prevent a hostile takeover of the company amidst such rumours in the marketplace.In ... Read more...

Posted in Uncategorized |

India will play role that Gulf nations are comfortable with: Manmohan


November 9th, 2008 - 12:22 pm ICT by IANS
Muscat, Nov 9 (IANS) India will play a political, economic and strategic role that all Gulf countries are comfortable with in maintaining regional security in the Arabian Gulf, according to Prime Minister ... Read more...

Posted in Business |

Reliance Industries gets $400 mn US loan


August 29th, 2008 - 8:36 pm ICT by IANS
New Delhi, Aug 29 (IANS) The US Export-Import Bank (Ex-Im Bank) has approved a long-term loan guarantee of $400 million to Reliance Industries Ltd to source its equipment and services from the ... Read more...

Posted in Uncategorized |

New micro-finance project for rural households launched


July 17th, 2008 - 9:27 pm ICT by IANS
Mumbai, July 17 (IANS) Leading Indian financial institutions and a non-profit organisation Thursday launched a new micro-finance initiative that will help mentor fresh business plans and cottage enterprises for rural households. The ... Read more...

Posted in Business |

Royal Bank of Canada opens office in India


February 1st, 2008 - 8:36 pm ICT by admin
Mumbai, Feb 1 (ANI-Business Wire India): RBC, the largest bank in Canada, today announced that it has entered the Indian market by opening its first (representative) office in the financial hub of ... Read more...

Posted in Business |

ADB chief meets captains of Indian industry, calls for focus on infrastructure development


November 14th, 2007 - 2:04 am ICT by admin
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Posted in Business |

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