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Indian economic growth slows to 5.3%

Nov 28, 2014 at 20:21 | Source: BBC

India's economy grew by 5.3% in the July-to-September period from a year earlier, down from a rate of 5.7% in the previous quarter. Although the rate was slower than earlier in the year, it was still better than many analysts had expected. The f...

Move over Kim Kardashian, Australian media is in love with PM Modi

Nov 19, 2014 at 10:40 | Source: FirstPost

Melbourne: Global glam queen Kim Kardashian must be ruing the timing of her visit to this picturesque Australian city as it is Indian Prime Minister Narendra Modi who is dominating the media headlines there.Modi's name is all over the electronic and ...

Australian, Indian leaders target free trade pact, economic boost

Nov 18, 2014 at 06:15 | Source: FirstPost

CANBERRA (Reuters) - Australia and India will push for a free trade pact between their countries, Australian Prime Minister Tony Abbott and Indian Prime Minister Narendra Modi said on Tuesday, during a rare state visit to Canberra by an Indian leader...

Modi, Amit Shah make it to the top of 100 Global Thinkers list

Nov 17, 2014 at 21:42 | Source: FirstPost

Washington: Prime Minister Narendra Modi has been named as the top decision maker in a list of 100 global thinkers by a leading American foreign policy magazine.Modi is placed at the top followed by German Chancellor Angella Merkel and BJP President ...

Bank trio weigh UK joint account

Nov 07, 2014 at 12:42 | Source: Calcutta Telegraph News

Mumbai, Nov. 6: Three PSU banks having retail operations in the UK are exploring the possibility of forming a joint venture to meet the new norms of the British regulator. The Bank of England’s Prudential Regulatory Authority (PRA) has asked f...

How Saradha scam money fuelled terror activity in West Bengal

Nov 01, 2014 at 09:51 | Source: FirstPost

New Delhi: The bomb blast at Khagragarh village in Burdwan district and subsequent unearthing of bomb-making units in other districts in West Bengal have exposed a deadly cocktail of hawala operation, money laundering, and round-tripping of illicit m...

NSA Doval visits Burdwan blast site, meets Mamata Banerjee

Oct 27, 2014 at 21:45 | Source: FirstPost

Kolkata: India's top security and intelligence brass led by National Security Advisor Ajit Doval on Monday visited the Burdwan blast site and met West Bengal Chief Minister Mamata Banerjee, who promised full cooperation in solving the case in which m...

PSU bank trio in a spot in UK

Oct 21, 2014 at 23:42 | Source: Calcutta Telegraph News

Mumbai, Oct. 20: At least three Indian public sector banks with operations in the UK may have to rejig their structure after the Bank of England’s Prudential Regulatory Authority (PRA) announced new norms last month. Banking circles fear the n...

Axis Bank cuts base rate

Oct 17, 2014 at 12:32 | Source: Calcutta Telegraph News

Mumbai, Oct. 16: Axis Bank today cut the base rate by 10 basis points, thereby lowering the minimum lending rate by 0.1 per cent to 10.15 per cent. The new rates, to be applicable from October 15, will bring cheer to both existing and new borrowers ...

Rates remain the same

Oct 01, 2014 at 12:52 | Source: Calcutta Telegraph News

Mumbai, Sept. 30: Home and car loan borrowers will have to wait a few more months for the much expected interest rate cut to take place. In the fourth bi-monthly monetary policy review this year, Reserve Bank of India (RBI) governor Raghuram Rajan t...

Court breather for Kingfisher

Sep 28, 2014 at 04:17 | Source: Calcutta Telegraph News

Calcutta, Sept. 27: Kingfisher Airlines has secured a stay from Calcutta High Court on United Bank of India’s decision to declare the airline’s chairman Vijay Mallya and its directors as wilful defaulters. Kingfisher, along with its dire...

State Bank splits stock into 10

Sep 25, 2014 at 04:47 | Source: Calcutta Telegraph News

Mumbai, Sept. 24: The State Bank of India today joined a growing list of companies by announcing a stock split. At a board meeting today, the country’s largest bank decided to sub-divide its share of a face value of Rs 10 each to 10 shares of ...

Coal: Banks with Rs 1 lakh crore exposure sitting on mine of worries

Sep 24, 2014 at 20:47 | Source: Economic Times

NEW DELHI: The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines. Almost all banks including country's largest lender ...

We have a vision to provide cover to all Indians by 2020: Surya Kumar Roy, LIC chairman

Sep 22, 2014 at 12:51 | Source: Economic Times

Surya Kumar Roy started his career in 1981 in LIC as a direct recruit officer, and has climbed the ladder to become its chairman in June last year. In a wide-ranging interview with ET, Roy touches upon a variety of issues ranging from LIC's concern ...

Credit spread with bank pacts

Sep 19, 2014 at 04:22 | Source: Calcutta Telegraph News

Mumbai, Sept. 18: Three top Indian banks today entered into agreements with their Chinese counterparts to facilitate the financing of products and services from Beijing. ICICI Bank and the State Bank of India have joined hands with the Export-Import...

Interview - EPFO chief urges green light to buy stocks

Sep 18, 2014 at 03:45 | Source: FirstPost

NEW DELHI (Reuters) - The head of the Employees' Provident Fund Organisation (EPFO) says it has "no option" but to change its rules and put money into riskier investments by buying stocks for the first time to seek higher returns.K.K. Jalan...

Deposit rates soften

Sep 17, 2014 at 10:17 | Source: Calcutta Telegraph News

Mumbai, Sept. 16: Deposit rate cuts by two banks amid a liquidity slosh in the economy have raised hopes of a possible rate cut by the RBI later this month — but an eminent banker thinks otherwise. The State Bank of India today reduced deposit...

SBI Mutual aspires to be on Top 5 list

Sep 12, 2014 at 12:17 | Source: Calcutta Telegraph News

Calcutta, Sept. 11: SBI Mutual Fund is eyeing Rs 90,000 crore assets under management this fiscal. A joint venture of the State Bank of India and French asset management firm Amundi, SBI Mutual Fund will focus on equity and has planned three new fun...

The fundamental road ahead for Indian markets post budget

Sep 12, 2014 at 05:17 | Source: Economic Times

By Aviral Gupta Union Budget was announced last week and the markets are off their highs - Nifty high at 7,809 and Sensex high at 26,190, down by some 4.5 percentage points. What should an investor do in such a scenario, an investor probably struck ...

Card payment network RuPay sees boost from government banking scheme

Sep 11, 2014 at 17:52 | Source: Economic Times

MUMBAI: A government drive to expand banking services in India is giving a boost to home-grown card payment network RuPay, which expects to quadruple the number of users by March and make debit cards more acceptable in a nation where cash is still k...

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