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Rupee falls for third week; future of flows key
May 25, 2013 at 05:30 | Source: FirstPost
MUMBAI (Reuters) - The rupee weakened on Friday, falling 1.3 percent for the week, extending its losing streak to a third successive week, hurt by concerns about a possible pullback in global fund flows and the country's external deficit.The rupee fo...
HC asks insurance co to pay Rs 46 lakh to accident victim kin
May 19, 2013 at 17:50 | Source: The Hindu BusinessLine
New Delhi, May 19: A private insurance company has been directed by the Delhi High Court to pay more than Rs 46 lakh to the family member of a goldsmith who had died in a road accident here.The High Court upheld a Motor Accident Claim Tribunal (MACT...
High Court directs ICICI Lombard General Insurance Company to pay Rs 46 lakh to victim's kin
May 19, 2013 at 14:52 | Source: Financial Express
A private insurance company has been directed by the Delhi High Court to pay more than Rs 46 lakh to the family member of a goldsmith who had died in a road accident here. The High Court upheld a Motor Accident Claim Tribunal (MACT) order on January...
HC asks insurance company to pay Rs46 lakh to accident victim kin
May 19, 2013 at 14:26 | Source: DNA India
A private insurance company has been directed by the Delhi High Court to pay more than Rs 46 lakh to the family member of a goldsmith who had died in a road accident here. The High Court upheld a Motor Accident Claim Tribunal (MACT) order on January...
Iran to source vehicles, medicines from India
May 17, 2013 at 07:00 | Source: Economic Times
NEW DELHI: Another door has opened for two of India's biggest exports, automobiles and pharmaceuticals, with Iran agreeing to source these from here to help New Delhi settle payment for oil imports in rupees. The two countries had agreed to settle b...
To curb frauds, banks plan more checks on e-transfer of funds
May 17, 2013 at 00:32 | Source: The Hindu BusinessLine
Kolkata, May 16: Electronic fund transfer from one account to another and opening of current accounts may soon become a little more difficult. Taking a cue from the recent frauds in West Bengal, bankers are set to introduce a new set of security mea...
Rate-cut hopes lift markets by 500 pts, but is rally sustainable?
May 16, 2013 at 08:56 | Source: FirstPost
Hopes of a further rate cutfueledby a comfortable inflation data pushed the Indian equity markets to their highest close since January 2011.The BSE Sensex closed at 20215.30, up2.50 percent marking its biggest single day percentage gain since June 20...
BSE Sensex logs 490 pts gain; Nifty scores 150
May 15, 2013 at 18:17 | Source: DomainB
Equity benchmarks logged their biggest single day gain in 28 months, as India joined the ongoing party in emerging markets. The Sensex jumped 490 points to close at 20212.96, after touching a 28-month high of 20241.96 intra-day. The Nifty touched a ...
Rate-cut hopes lift markets to 29-month high; realty, banks gain
May 15, 2013 at 16:02 | Source: FirstPost
Hopes of a further rate cutfueledby a comfortable inflation data pushed the Indian equity markets to their highest close since January 2011.The BSE Sensex closed at 20215.30, up2.50 percent marking its biggest single day percentage gain since June 20...
Fitch's Indian arm to start credit rating infra debt funds
May 14, 2013 at 11:37 | Source: FirstPost
New Delhi: The Indian arm of global agency Fitch will assign credit ratings to IDF so as to help instill confidence among global investors and provide thrust to the infrastructure sector, the government said today."India Ratings has come out wit...
Fitch's Indian arm to start rating infrastructure debt funds
May 14, 2013 at 09:40 | Source: Business Today
The Indian arm of global rating agency Fitch will assign credit ratings to infrastructure debt funds (IDFs) to help instill confidence in global investors and provide thrust to the infrastructure sector, the government said on Monday."India Ratings ...
State-backed banks' profits dive in Q4
May 14, 2013 at 06:45 | Source: DNA India
Report cards of public sector banks reflect a drop in profits in the January-March quarter, but this has not come as a complete surprise, say industry experts. For, a subdued economic situation continued to make loan recovery difficult. Profits acro...
Fitch's Indian arm to start rating infrastructure debt funds: Government
May 14, 2013 at 06:22 | Source: Economic Times
NEW DELHI: The Indian arm of global agency Fitch will assign credit ratings to IDF so as to help instill confidence among global investors and provide thrust to the infrastructure sector, the government said today. "India Ratings has come out with a...
IL FS Infrastructure Debt Fund to purchase Infra loans from 8 Banks
May 14, 2013 at 06:22 | Source: Economic Times
IL&FS Infra Asset Management Limited (IAML), an Asset Management Company promoted by IL&FS Financial Services Limited (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF), signed a Memorandum of Understanding with 8 public sector banks ( Allah...
IL FS arm to buy infra loans of 8 public sector banks
May 13, 2013 at 22:21 | Source: The Hindu BusinessLine
Mumbai, May 13: IL FS Infra Asset Management Ltd (IAML) has signed a Memorandum of Understanding with eight public sector banks to acquire their infrastructure loans. IAML is an asset management company promoted by IL FS Financial Services (IFIN) to...
IL FS debt fund to buy infra loans from PSU banks
May 13, 2013 at 21:01 | Source: The Hindu BusinessLine
Mumbai, May 13: IL FS Infra Asset Management Company today said it signed an agreement with eight public sector banks to acquire their infrastructure loans. The lenders are Allahabad Bank, Bank of India, Canara Bank, Central Bank of India, Indian Ba...
Fitch’s Indian arm to assign credit ratings to IDFs
May 13, 2013 at 17:06 | Source: The Hindu BusinessLine
New Delhi, May 13: The Indian arm of global agency Fitch will assign credit ratings to IDF so as to help instil confidence among global investors and provide thrust to the infrastructure sector, the government said today. “India Ratings has co...
Fitch's Indian arm to start rating infra debt funds
May 13, 2013 at 15:50 | Source: FirstPost
New Delhi: The Indian arm of global agency Fitch will assign credit ratings to IDF so as to help instill confidence among global investors and provide thrust to the infrastructure sector, the government said today."India Ratings has come out wit...
12 S Kumars lenders mull legal action for default
May 13, 2013 at 13:26 | Source: DNA India
A consortium of 12 lenders to cash-strapped apparel and fabrics major S Kumars Nationwide Ltd (SKNL) may soon take legal action against it and its defaulting marquee-suiting brand Reid Taylor in order to recover overdue loans of Rs 3,000 crore, said...
May 13, 2013 at 11:47 | Source: Calcutta Telegraph News
Mumbai, May 12: Better recovery strategies are helping public sector banks to mitigate their bad loan problems. Earlier this month, a consortium of banks recovered around Rs 1,000 crore from Kingfisher Airlines by selling its assets. In another inst...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
