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Loan fillip for ICICI

Aug 01, 2014 at 04:07 | Source: Calcutta Telegraph News

Mumbai, July 31: ICICI Bank today beat Street estimates with net profit growing 17 per cent in the first quarter ended June 30, 2014, on account of a surge in retail loans. However, consolidated profit for the April-June period rose marginally by 3 ...

John Kerry meets Arun Jaitley; discusses WTO impasse

Aug 01, 2014 at 04:07 | Source: Economic Times

NEW DELHI: The impasse at the World Trade Organization over the trade facilitation agreement overshadowed the India-US strategic dialogue, the first after the new Narendra Modi led government took over, with US secretary of state John Kerry raising t...

New India Assurance net profit up 19 per cent to Rs 311 crore in Q1

Aug 01, 2014 at 04:07 | Source: Economic Times

MUMBAI: Government owned New India Assurance net profit rose 19per cent as its earnings from investments doubled and premium collection rose 13per cent. The company posted net profit of Rs 311 crore in first quarter against Rs 262 crore a year ago. C...

Pradhan defends oil PSUs after CAG rap

Jul 31, 2014 at 17:41 | Source: FirstPost

New Delhi: With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore in five years, Oil Minister Dharmendra Pradhan today defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales in the sa...

Economy can grow by 6.5% in 2014-15: Pronob Sen, Chairman, National Statistical Commission

Jul 31, 2014 at 01:52 | Source: Economic Times

NEW DELHI: Allaying fears of adverse impact of deficient monsoon on the economy, National Statistical Commission Chairman Pronob Sen today said the country's growth can be as high as 6.5 per cent in the current fiscal. Sen, who is a former chief sta...

SBI Life Insurance net profit up 14 per cent to Rs 241 crore in Q1

Jul 31, 2014 at 01:52 | Source: Economic Times

MUMBAI: SBI Life Insurance reported a 14% rise in net profit to Rs 241 crore for the first quarter of this fiscal year ending June 2014 against Rs 212 crore in the comparable quarter last year. SBI Life Insurance is a joint venture between State Bank...

UK to allow driverless cars on public roads in January

Jul 31, 2014 at 00:57 | Source: BBC

The UK government has announced that driverless cars will be allowed on public roads from January next year. It also invited cities to compete to host one of three trials of the tech, which would start at the same time. In addition, ministers ordered...

In US, the latest treatment for Hepatitis C is a $1,000 pill

Jul 29, 2014 at 12:05 | Source: FirstPost

Washington: A $1,000-per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans.According to new research, prescriptions for Sovaldi hav...

Costa Concordia completes final voyage, heads for the scrap yard

Jul 28, 2014 at 07:16 | Source: FirstPost

Genoa, Italy:The wrecked Costa Concordia cruise liner limped into its last port on Sunday, when it was towed to the northern Italian city of Genoa to be broken up for scrap, two-and-a-half years after running aground and sinking with the loss of 32 l...

Double delight

Jul 28, 2014 at 03:42 | Source: Calcutta Telegraph News

The economy is looking to get back on track and any long-term investor should give a serious thought to investing in equities. Unit-linked insurance plans (Ulips) are one of the investment vehicles that offer a convenient way to participate in the e...

Costa Concordia nears Italian port to be broken up for scrap

Jul 27, 2014 at 14:30 | Source: FirstPost

GENOA Italy (Reuters) - The wreck of the Costa Concordia arrived on Sunday off the northern Italian city of Genoa where it will be broken up for scrap, two-and-a-half years after the cruise liner ran aground and sank near the Tuscan island of Giglio,...

Hiring improves in telecom, marketing & advertising in first half of 2014; prospects look brighter, ASSOCHAM survey

Jul 27, 2014 at 11:12 | Source: Assocham

With a marked improvement in sentiment in the financial markets and overall turnaround in the business mood, corporate hiring in the first six months of 2014 has changed for better in key sectors like telecom, marketing and advertising while the inf...

Florida boy gets prosthetic arm and hand from 3-D printer

Jul 26, 2014 at 06:30 | Source: FirstPost

ORLANDO Fla. (Reuters) - A Florida boy born without most of his right arm took home a new forearm and functioning hand on Friday made by a team of scientists using a 3-D printer - a method they hope will transform the way prosthetics are made, parti...

Himachal govt to provide women labourers with bicycles, insurance

Jul 25, 2014 at 14:41 | Source: FirstPost

Shimla: Himachal Pradesh will provide household items, including a bicycle, to women labourers and insure all workers enrolled under the state Building and Other Construction Workers Welfare Board, an official said on Friday.The cabinet, presided ove...

Universal access vital to protect people from vulnerability: UN Report

Jul 25, 2014 at 14:36 | Source: FirstPost

While looking uniquely at causes of vulnerability and building resilience of people, this years Human Development Report (HDR) of the United Nations, released on Thursday, makes a strong case for universal access to essential services as opposed toth...

RBS reports surprise rise in profit but warns of 'bumpy road' ahead

Jul 25, 2014 at 13:32 | Source: BBC

Royal Bank of Scotland (RBS) has said it expects pre-tax profits of £2.65bn for the first half of the year, up from £1.37bn last year. The bank said it had set aside much less money for bad loans than expected - down to £269m from £2.15bn. The UK...

Insurance prop laced with riders

Jul 25, 2014 at 08:12 | Source: Calcutta Telegraph News

New Delhi/Mumbai, July 24: The Union cabinet today cleared a bill to increase the FDI limit in insurance to 49 per cent from 26 per cent with riders that the management and control of these firms will remain with Indian promoters. However, it is unc...

EU targets state-owned Russia banks in sanctions plan

Jul 25, 2014 at 06:45 | Source: FirstPost

BRUSSELS (Reuters) - The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.Ambassa...

Banks may have to set aside more to cover bad loans

Jul 25, 2014 at 00:12 | Source: BBC

Changes to international accounting standards will mean banks have to record potential losses from their loan portfolios sooner, rather than waiting for borrowers to default. The new standards have been published today by the International Accounting...

ASSOCHAM hopes Parliament to give nod to Insurance Bill in current session

Jul 24, 2014 at 15:12 | Source: Assocham

Welcoming approval of the Bill to raise FDI in insurance to 49 per cent by the Cabinet, ASSOCHAM today expressed the hope that Parliament will pass the crucial reforms oriented legislation in the current session itself. If the Bill is passed within ...

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