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Global turmoil spooks stocks

Dec 17, 2014 at 13:37 | Source: Calcutta Telegraph News

Mumbai, Dec. 16: The Sensex today plunged 538 points to 26781.44, marking its biggest single-day fall in 16 months and erasing Rs 2 trillion of investor wealth. Stocks tanked over worries about the global turmoil spurring heavy foreign selling, whic...

Fake shopping portal busted in Bengaluru

Nov 16, 2014 at 00:45 | Source: FirstPost

Bengaluru, Nov 16 (IANS) City crime branch busted a fake shopping portal here by raiding its office and arresting six partners for allegedly duping gullible customers with false advertisements, police said late Saturday."The accused created a sm...

Hind Motors offers VRS at Uttarpara

Nov 10, 2014 at 04:27 | Source: Calcutta Telegraph News

Calcutta, Nov. 9: Hindustan Motors today declared a voluntary retirement scheme for its employees at the Uttarpara factory. The makers of the Ambassador car, which shut down its plant in May, has 2,600 workers. The company in a statement issued toda...

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...

Gain some, lose some in Sept quarter Mixed mood at ICICI

Oct 31, 2014 at 12:22 | Source: Calcutta Telegraph News

Mumbai, Oct. 30: ICICI Bank today topped analysts’ estimates when it recorded a 15 per cent rise in net profit for the second quarter ended September 30 at Rs 2,709 crore compared with Rs 2,352 crore in the year-ago period. However, the good n...

Ghost of imprudent lending haunts state-run banks as private banks play safe

Oct 31, 2014 at 08:13 | Source: FirstPost

Most state-run banks, which have announced September quarter numbers so far, have shown significant additions in their bad loan kitty even though healthy growth in fee, interest incomes have came to the rescue of private banks such as ICICI Bank.The ...

Average Joes in the company

Oct 11, 2014 at 09:02 | Source: Calcutta Telegraph News

Mumbai, Oct. 10: N.R. Narayana Murthy and his band of four remaining Infosys co-promoters have decided to become average Joes in the company — giving up their exalted status 33 years after they established the company. The Infosys founders ...

Pre-orders for Apple iPhone 6 and iPhone 6 Plus shine on day one

Oct 08, 2014 at 09:41 | Source: Economic Times

NEW DELHI: Apple began taking pre-orders for its much-awaited iPhone 6 and iPhone 6 Plus in India on Tuesday, with confusion over pricing as well as the mode of bookings and a fierce war among largeformat retailers looking to lure potential buyers. T...

Pre-orders for Apple iPhone 6 and iPhone 6 Plus shine on Day One

Oct 08, 2014 at 03:11 | Source: Economic Times

NEW DELHI: Apple began taking pre-orders for its much-awaited iPhone 6 and iPhone 6 Plus in India on Tuesday, with confusion over pricing as well as the mode of bookings and a fierce war among largeformat retailers looking to lure potential buyers. ...

Padmanabhan figures in CBI inquiry, Sebi removes him as CVO

Sep 27, 2014 at 13:17 | Source: Economic Times

MUMBAI | NEW DELHI: Capital market regulator Securities Exchange Board of India (Sebi) on Friday removed its chief vigilance officer (CVO), RK Padmanabhan, after his name figured in a preliminary inquiry by CBI. The agency is probing his role in a S...

S P ups outlook Rating revision linked to real GDP growth

Sep 27, 2014 at 04:22 | Source: Calcutta Telegraph News

New Delhi, Sept. 26: India regained its “stable” outlook from Standard and Poor’s on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi’s ambitious agenda of economic ...

ISRO's Mars Orbiter Mission best boost for Make in India: Corporate chieftains

Sep 25, 2014 at 17:51 | Source: Economic Times

NEW DELHI: Lauding the country's successful Mars mission, India Inc today said that it is easily the best example of 'Make in India', a campaign launched by Prime Minister Narendra Modi to encourage the domestic manufacturing industry. "What better i...

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 ...

PNB stock split move

Sep 23, 2014 at 14:17 | Source: Calcutta Telegraph News

Mumbai, Sept. 22: Punjab National Bank (PNB) today joined the list of banks announcing stock spilts in a bid to improve the liquidity of its shares. The bank proposes to split its equity shares of face value of Rs 10 each into five shares of face va...

Sensex slips over 300 points, Nifty below 8050; top 20 intraday bets

Sep 23, 2014 at 14:17 | Source: Economic Times

NEW DELHI: The S&P BSE Sensex slipped over 300 points in intraday trade on Tuesday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in L&T, M&M, ITC and ICICI Bank. Tracking the momentum, the 50-share Nifty in...

With LIC sitting on Rs 40,000 crore, ONGC, Coal India disinvestment simply cannot fail

Sep 22, 2014 at 19:33 | Source: FirstPost

In October this year, when the government kicks off big-bang disinvestment proposals in ONGC, Coal India and NHPC to raise around 45,000 crore for the central kitty, there will be at least one safety net available to ensure that nothing goes wrong. T...

Sensex reverses losses to end above 27k with 116 pt gain on late buying

Sep 22, 2014 at 16:41 | Source: FirstPost

Mumbai: After slipping below 27K level in early trades, the benchmark Sensex today recovered smartly to end with a gain of over 116 points at 27,206.74 on good buying in bluechips including ITC, Tata Motors and ONGC even as global cues remained weak....

ICICI Bank's Chanda Kochhar, 7 other Indians on Fortune's list of powerful women

Sep 22, 2014 at 07:50 | Source: FirstPost

New York: As many as eight Indian women, led by ICICI Bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women "shaping the new world order" in the Asia-Pacific region.Kochhar, ranked highest among Indian women,...

Kotak, ICICI Bank showing positive signals: Mitesh Thacker

Sep 20, 2014 at 12:22 | Source: Economic Times

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on market outlook. ET Now: What pockets do you position yourself into next week and what is the view on how the key indices do the following week? Mitesh T...

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