IOB mulls new core banking solution on Oracle platform
May 5th, 2012 - 8:58 pm ICT by IANS
Chennai, May 5 (IANS) Government-owned Indian Overseas Bank (IOB) will soon migrate to a new core banking solution (CBS) built on Oracle platform from its own CBS, a senior bank ... Read more...
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India to cut subsidies to 1.75 percent of GDP in 3 years: Mukherjee
May 5th, 2012 - 8:21 pm ICT by IANS
Manila, May 5 (IANS) The Indian government is committed to bringing down subsidies to below two percent of the country's gross domestic product (GDP) in the current fiscal ... Read more...
Posted in Business |
Sensex falls for second week on earnings and negative cues (Weekly Market Review)
May 5th, 2012 - 6:18 pm ICT by IANS
Mumbai, May 5 (IANS) Concerns over weak earning results, negative global cues and an uncertain regulatory environment weighed heavy on Indian equities markets as a benchmark index closed lower ... Read more...
Posted in Business |
India’s forex reserves rise by $758.3 million
May 5th, 2012 - 3:12 pm ICT by IANS
Mumbai, May 5 (IANS) India's foreign exchange (forex) reserves rose by $758.3 million to $295.36 billion for the week ended April 27, official data showed. Forex reserves had risen by ... Read more...
Posted in Business |
Sensex slides 320 points to close below 17,000 (Roundup)
May 4th, 2012 - 6:54 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets Friday slid 320 points to close below 17,000 for the first time in more than three months over ... Read more...
Posted in Business |
Sensex falls below 17,000 points (Lead)
May 4th, 2012 - 5:04 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 300.43 points down at around 3 p.m. Friday, led by selling pressure in banking, consumer goods, ... Read more...
Posted in Business |
Sensex falls, banking and consumer goods stocks slump
May 4th, 2012 - 2:25 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Friday, led by selling pressure in banking, consumer goods, metals ... Read more...
Posted in Business |
Inflation pressure may re-emerge in India: Morgan Stanley
May 3rd, 2012 - 7:30 pm ICT by IANS
New Delhi, May 3 (IANS) India faces a very high risk of a return to rising inflation with the government continuing with its spending spree and the central bank easing ... Read more...
Posted in Business |
Sensex loses 151 points; auto, bank stocks fall the most (Roundup)
May 3rd, 2012 - 6:57 pm ICT by IANS
Mumbai, May 3 (IANS) A benchmark index for Indian equities markets closed 150.72 points down Thursday on selling by foreign funds, weak earnings and a sliding rupee amid negative ... Read more...
Posted in Business |
Banking stocks fall on concern new norms may hit profits
May 3rd, 2012 - 4:17 pm ICT by IANS
Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms ... Read more...
Posted in Business |
Sensex falls 126 points; auto, realty stocks slump
May 3rd, 2012 - 2:07 pm ICT by IANS
Mumbai, May 3 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Thursday, led by selling pressure in auto, realty and banking ... Read more...
Posted in Business |
India’s forex reserves rise by $1.46 billion
April 28th, 2012 - 3:06 pm ICT by IANS
Mumbai, April 28 (IANS) India's foreign exchange (forex) reserves rose by $1.46 billion to $294.60 billion for the week ended April 20, official data showed. Forex reserves had risen ... Read more...
Posted in Business |
Jayalalithaa opposes rate hike on rural infra loans
April 27th, 2012 - 2:42 pm ICT by IANS
Chennai, April 27 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Friday urged Prime Minister Manmohan Singh not to raise the interest rates on loans provided under the Rural Infrastructure Development ... Read more...
Posted in Business |
RBI not to interfere in bank service charges
April 26th, 2012 - 7:52 pm ICT by IANS
Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks from collecting charges for various services or insist on a minimum balance, as it is the ... Read more...
Posted in Business |
India’s financial system still strong, says RBI deputy governor
April 26th, 2012 - 4:53 pm ICT by IANS
Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & ... Read more...
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Over 130 government Web sites hacked during January-March 2012
April 25th, 2012 - 7:34 pm ICT by IANS
New Delhi, April 25 (IANS) Over 130 government websites were hacked during the first three months of 2012, Minister of State for Communications and IT Sachin Pilot said Wednesday."As per ... Read more...
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SBI, Allahabad Bank cut interest rates
April 23rd, 2012 - 9:34 pm ICT by IANS
Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.However, ... Read more...
Posted in Business |
India’s forex reserves rise by $213.8 million
April 21st, 2012 - 3:45 pm ICT by IANS
Mumbai, April 21 (IANS) India's foreign exchange (forex) reserves rose by $213.8 million to $293.14 billion for the week ended April 13, after declining by $1.47 billion in the previous ... Read more...
Posted in Business |
Kerala not to take over Padmanabhaswamy temple: Minister
April 20th, 2012 - 4:29 pm ICT by IANS
Thiruvananthapuram, April 20 (IANS) Newly-appointed Kerala Home Minister T.Radhakrishnan Friday said the state government would not take over the management of Sri Padmanabhaswamy temple, which has been in the news ... Read more...
Posted in Life Style |
SBI flayed for shifting branch control to Jammu
April 19th, 2012 - 9:53 pm ICT by IANS
Srinagar, April 19 (IANS) The State Bank of India's (SBI) decision to shift the administrative control of all its branches in south Kashmir districts to Jammu attracted a lot ... Read more...
Posted in Business |
RBI to notify proposal allowing airlines to access foreign funds
April 19th, 2012 - 9:43 pm ICT by IANS
New Delhi, April 19 (IANS) The government Thursday said it expects the Reserve Bank of India (RBI) to notify the budget announcement of allowing the cash-strapped Indian civil aviation ... Read more...
Posted in Business |
Banks lower interest rates taking cues from RBI policy
April 19th, 2012 - 9:00 pm ICT by IANS
Mumbai, April 19 (IANS) Leading lenders including ICICI Bank and Punjab National Bank Thursday announced cut in both lending and deposit rates, just two days after the Reserve Bank of ... Read more...
Posted in Uncategorized |
Sensex closes 111.32 points higher, auto stocks rally
April 19th, 2012 - 7:58 pm ICT by IANS
Mumbai, April 19 (IANS) A benchmark index for Indian equities markets closed 111.32 points or 0.64 percent higher Thursday with interest rates-sensitive auto stocks making considerable gains after the ... Read more...
Posted in Uncategorized |
Sensex closes 0.2 percent higher at 17,392.39 points (Intro Roundup)
April 18th, 2012 - 8:30 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets closed 34.45 points or 0.2 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced ... Read more...
Posted in Business |
Sensex closes at 34 points (Roundup)
April 18th, 2012 - 6:38 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets closed 34.45 points or 0.20 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced ... Read more...
Posted in Business |
Goodricke plans foray into dairy business
April 18th, 2012 - 6:18 pm ICT by IANS
Kolkata, April 18 (IANS) Tea major Goodricke Group is planning to foray into dairy business and will soon seek the Reserve Bank of India's (RBI) approval for it, an official ... Read more...
Posted in Business |
Sensex rises 89 points (Lead)
April 18th, 2012 - 5:21 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 89 points or 0.51 percent higher Wednesday, a day after the Reserve Bank of India (RBI) ... Read more...
Posted in Uncategorized |
Consumer price inflation rises to 9.47 percent
April 18th, 2012 - 3:04 pm ICT by IANS
New Delhi, April 18 (IANS) Inflation based on consumer prices rose to 9.47 percent in March as compared to 8.83 percent in the previous month, led by sharp increase in ... Read more...
Posted in Business |
Sensex rises 100 points in the afternoon trade
April 18th, 2012 - 2:39 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 100 points or 0.58 percent higher Wednesday, a day after the Reserve Bank of India (RBI) ... Read more...
Posted in Business |
IMF suggests reforms, inflation check to resume India’s high growth
April 18th, 2012 - 11:13 am ICT by IANS
Washington, April 18 (IANS) The International Monetary Fund (IMF) has suggested reinvigoration of structural reforms, including development of infrastructure, fiscal consolidation and controlling of inflation to bring India's growth back ... Read more...
Posted in Business |
Oil firms ask government to compensate them
April 17th, 2012 - 11:34 pm ICT by IANS
New Delhi, April 17 (IANS) Three state-owned oil marketing companies (OMCs) Tuesday asked the government to temporarily declare petrol as a regulated commodity, reduce state sales tax and provide hundred ... Read more...
Posted in Business |
India Inc says cheers to surprise interest rates cut (Second Lead)
April 17th, 2012 - 9:29 pm ICT by IANS
New Delhi, April 17 (IANS) Indian Industry Tuesday rejoiced at the interest rates cut by the Reserve Bank of India for the first time in three years by an unexpected ... Read more...
Posted in Business |
Rate cut will stimulate growth: Montek
April 17th, 2012 - 9:09 pm ICT by IANS
Bangalore, April 17 (IANS) Reduction of 50 basis points in repurchase (repo) rate by the Reserve Bank of India (RBI) would stimulate growth and put the economy back on rail, ... Read more...
Posted in Business |
Bulk, retail deposit interest rates would go down first: Bankers
April 17th, 2012 - 9:00 pm ICT by IANS
Chennai, April 17 (IANS) Welcoming the Reserve Bank of India's (RBI) move to reduce the reverse purchase (repo) rate by 50 basis points and other features of the monetary policy ... Read more...
Posted in Business |
Realty industry welcomes rate cut, sees benefit for all (Lead)
April 17th, 2012 - 8:07 pm ICT by IANS
New Delhi, April 17 (IANS) The interest rate-sensitive realty sector Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and felt ... Read more...
Posted in Business |