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ICICI chief gets paid 20 times more than SBI head: Why govt must reform wages in public banks

Jan 30, 2015 at 09:23 | Source: FirstPost

Trade unions of bank employees, mainly those from state-run banks, willsit again with the Indian Banks Association (IBA), the industry lobby of banks, in February to continue with their negotiations on awage rise.Unions, which had deferred a four-day...

SBI share sale: Other public banks too should make hay while market shines

Jan 28, 2015 at 08:51 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender by assets, has initiated the process to raise up to Rs 15,000 crore from the market by securing the go-ahead from its investment committee to execute the plan.This enables the lender to go for ca...

SBI's Rs 15,000 cr share sale: Other public banks too should make hay while market shines

Jan 28, 2015 at 03:30 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender by assets, has initiated the process to raise up to Rs 15,000 crore from the market by securing the go-ahead from its investment committee to execute the plan.This enables the lender to go for ca...

Laxmans cartoons made RBI pay attention to curse of inflation, says Rajan

Jan 27, 2015 at 17:36 | Source: FirstPost

He was the torch that lit the dark corners of everything in society and upturned all that lay hidden. RK Laxman, known for his subtle wit and putting a smile on the face of thousands of readers daily, stirred the men from the world of business by put...

Laxmans cartoons made RBI pay attention to 'curse' of inflation, says Rajan

Jan 27, 2015 at 17:36 | Source: FirstPost

He was the torch that lit the dark corners of everything in society and upturned all that lay hidden. RK Laxman, known for his subtle wit and putting a smile on the face of thousands of readers daily, stirred the men from the world of business by put...

Laxmans tongue-in-cheek humor was a stroke of genius, says HDFC's Parekh

Jan 27, 2015 at 10:58 | Source: FirstPost

He was the torch that lit the dark corners of everything in society and upturned all that lay hidden. RK Laxman, known for his subtle wit and putting a smile on the face of thousands of readers daily, stirred the men from the world of business by put...

Anti-climax: US business honchos give Obama, Modi's CEO meeting a miss

Jan 26, 2015 at 15:42 | Source: FirstPost

This bit of newsis likely to take some of the sheen offthe much-hyped India visit of US president Barrack Obama.A report in The Economic Times has said that some of the big US CEOs are unlikely to be present at the US-India CEOs forum meeting that is...

Anti-climax: Big US business honchos give a miss to Obama, Modi's CEO meeting

Jan 26, 2015 at 14:49 | Source: FirstPost

This bit of newsis likely to take some of the sheen offthe much-hyped India visit of US president Barrack Obama.A report in The Economic Times has said that some of the big US CEOs are unlikely to be present at the US-India CEOs forum meeting that is...

India turns to corner shops, mobile phones for banking revolution

Jan 26, 2015 at 09:30 | Source: FirstPost

NEW DELHI/MUMBAI (Reuters) - India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.Th...

SBI in 100 mn euro loan pact with European Investment Bank to aid SMEs

Jan 24, 2015 at 14:49 | Source: FirstPost

State Bank of India (SBI), the country's largest public sector bank, has signed a loan agreement for 100 million euro (about Rs 700 crore) with European Investment Bank (EIB) for lending to private businesses in the country.This is the third tranche ...

Republic Day celebrations: Govt offices to be closed early on 25 & 29 January

Jan 23, 2015 at 16:35 | Source: FirstPost

New Delhi: Central government offices in and around North and South block will be closed early on Sunday and Thursday for making arrangements for the Republic Day parade and Beating Retreat ceremony.As many as 71 offices including those in North Bloc...

Exclusive: Govt to list out top rated education institutes to streamline student loans

Jan 23, 2015 at 15:27 | Source: FirstPost

The government is mulling the possibility of creating a listoftop grade educational institutions in a bid to streamline the process of extending bank finance to students aspiring to pursue higher education.Such an exercise will enable students of the...

Decoding Suzlon sale: More distress sales coming as banks toughen stand on dues

Jan 23, 2015 at 12:25 | Source: FirstPost

The decision of wind turbine maker Suzlon Energy to sell its German arm Senvion for a not-so-attractive valuation of Rs 7,200 crore to US-based Centerbridge Partners LP, to pare part of its Rs 17,500 crore debt, tells us what is in store for companie...

After Suzlon sale, more distress sales coming as banks toughen stand on dues

Jan 23, 2015 at 12:25 | Source: FirstPost

The decision of wind turbine maker Suzlon Energy to sell its German arm Senvion for a not-so-attractive valuation of Rs 7,200 crore to US-based Centerbridge Partners LP, to pare part of its Rs 17,500 crore debt, tells us what is in store for companie...

Caught in debt trap, Suzlon sells Senvion for $1.2 bn

Jan 22, 2015 at 19:57 | Source: FirstPost

New Delhi: Suzlon Energy, one of the world's largest wind-turbine makers, today announced the sale of its German subsidiary for 1 billion ($1.2 billion) to pare its mounting debt.Suzlon said US-based private-equity fund Centerbridge Partners LP had b...

A true aam aadmi: Kejriwal declares his assets, boasts of more lawsuits and less cash

Jan 21, 2015 at 20:16 | Source: FirstPost

AAP Chief Arvind Kejriwal and his wife own assets worth about Rs 2.09 crore, Rs five lakh less since he declared his wealth during last year's Lok Sabha election while legal cases against him have gone up in the same period.According to details provi...

A true aam aadmi: In 2014, Kejriwal boasts of more lawsuits, less cash

Jan 21, 2015 at 19:52 | Source: FirstPost

AAP Chief Arvind Kejriwal and his wife own assets worth about Rs 2.09 crore, Rs five lakh less since he declared his wealth during last year's Lok Sabha election while legal cases against him have gone up in the same period.According to details provi...

Sensex, Nifty touch record high for second straight day

Jan 21, 2015 at 14:46 | Source: FirstPost

Mumbai: The BSE Sensex and Nifty rose on Wednesday, hitting their all-time highs for the second consecutive session as interest rate-sensitive stocks extended a recent rally on hopes of additional monetary policy easing, while firmer regional markets...

No item girls or phoren shoots: What to expect from the new shuddh BJP censor board

Jan 21, 2015 at 07:49 | Source: FirstPost

The Central Board of Film Certification has joined the elite league of institutionsthat includesDRDO and the Planning Commission of India, which have beengiven a thorough scrubbing by the Narendra Modi government and nowlook the way the PM and his en...

Say hello to the all-BJP censor board: Four Bollywood habits that won't get passed

Jan 20, 2015 at 15:56 | Source: FirstPost

The Central Board of Film Certification has joined the elite league of institutionsthat includesDRDO and the Planning Commission of India, which have beengiven a thorough scrubbing by the Narendra Modi government and nowlook the way the PM and his en...

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