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Screw tightens on Greenpeace India as IB writes to revenue secy on financial irregularities

Apr 21, 2015 at 22:48 | Source: FirstPost

Greenpeace India is heading for trouble in all likelihood as the Intelligence Bureau has reportedly advised the finance ministry to remove any income-tax exemption citing alleged financial irregularities.According to a report in The Economic Times, t...

ICICI Banks NFC payment push: Launches Tap n Pay in arrangement with Tech Mahindra

Apr 21, 2015 at 10:30 | Source: FirstPost

ICICI Bank, Indias largest private sector bank, in arrangement with Tech Mahindra Limited, announced the launch of a contactless payment service based on the Near Field Communications (NFC) technology. Christened, Tap n Pay, this innovative payment s...

Sensex, Nifty nosedive to over 3-week low on tax issue concerns

Apr 20, 2015 at 18:15 | Source: FirstPost

Mumbai: Aggressive selling by foreign funds on tax concerns bogged down markets today as the benchmark BSE Sensex plunged by more than 555 points to over three-week low of 27,886.21, while sharp fall in heavyweights like RIL, Infosys and weak global ...

With more banks expected to follow ICICI and Axis on rate cuts, is it time for RBI to ease further?

Apr 15, 2015 at 11:49 | Source: FirstPost

More state-run banks, which have so far remained on the sidelines hesitating to join the lending rate cut spree, are likely to join the club in the days ahead. One can expect more lending rate cuts as early as this week.So far, mostly the bigger lend...

ICICI Bank, Axis, NBFCs cut home loan rate by up to 0.25%

Apr 15, 2015 at 08:20 | Source: FirstPost

New Delhi - Joining the rate-cut war, ICICI Bank, Axis Bank and two mortgage lenders yesterday slashed home loan rate by up to 0.25 percent.DHFL lowered its home loan rate by 0.25 percent, while Indiabulls Housing Finance reduced home loan rate by 0....

ICICI Bank joins bandwagon, cuts home loan rate by 0.25%

Apr 14, 2015 at 15:28 | Source: FirstPost

New Delhi: ICICI Bank today slashed home loan rate for both existing as well as new borrowers by 0.25 percent joining a rate cut war initiated by its bigger rivals HDFC Ltd and SBI.Women borrowers and financially weaker sections will now get home loa...

SBI, HDFC rate war is tokenism; customers unlikely to benefit hugely

Apr 13, 2015 at 11:50 | Source: FirstPost

India's top home loan lenders are engaged in a rate war and it is a joke of a rate war.State Bank of India, the country's largest lender, yesterday announced a cut in home loan interest rate by up to 0.25% for new borrowers. The aim was to match its ...

Home Ministry suspends Greenpeace India's registration, freezes all 7 bank accounts

Apr 09, 2015 at 15:48 | Source: FirstPost

The Home Ministry on Thursday suspended the registration of Greenpeace India under the Foreign Contribution Regulation Act (FCRA) and froze all seven bank accounts of the NGO, alleging that the organisation was encouraging 'anti-development' campaign...

Banks being too stingy? ICICI, SBI, HDFC Bank finally cut lending rates

Apr 08, 2015 at 11:20 | Source: FirstPost

Three big lenders ICICI Bank, State Bank of India (SBI) and HDFC Bank were quick to reduce their lending rates by up to 25 basis points (bps) on Tuesday evening, after the Reserve Bank of India (RBI) chose to hold the key rates steady in its bi-mon...

RBI policy: Rajan is fighting for the common man but banks are being too stingy

Apr 08, 2015 at 10:40 | Source: FirstPost

Three big lenders ICICI Bank, State Bank of India (SBI) and HDFC Bank were quick to reduce their lending rates by up to 25 basis points (bps) on Tuesday evening, after the Reserve Bank of India (RBI) chose to hold the key rates steady in its bi-mon...

RBI policy: Rajan is fighting for common man but banks are being too stingy

Apr 08, 2015 at 09:31 | Source: FirstPost

Three big lenders ICICI Bank, State Bank of India (SBI) and HDFC Bank were quick to reduce their lending rates by up to 25 basis points (bps) on Tuesday evening, after the Reserve Bank of India (RBI) chose to hold the key rates steady in its bi-mon...

Cheer for borrowers: SBI, ICICI, HDFC Bank cut rates, EMIs set to fall

Apr 07, 2015 at 21:54 | Source: FirstPost

Mumbai: Country's biggest bank SBI and private sector lenders ICICI and HDFC Bank late evening today cut their base rates by 0.15-0.25 percentage points, a move that could bring relief to corporate and retail borrowers.This is probably the first rate...

Sensex logs best fiscal year gain since 2009-10

Mar 31, 2015 at 19:19 | Source: FirstPost

Mumbai: Registering a hefty rise of 25 percent in 2014-15, benchmark Sensex today capped its best show in six fiscal years mainly driven by surge in foreign inflows after the Narendra Modi-led government took charge.For the day, however, the BSE Sens...

Sensex soars 517 points, logs biggest gain in over two months

Mar 30, 2015 at 18:22 | Source: FirstPost

Mumbai: The benchmark BSE Sensex today surged by over 517 points -- its biggest one-day gain in nearly two-and-a-half months -- to end at 27,975.86 on across-the-board buying amid firm global cues.Brokers attributed the the steep rise to value buying...

Markets collapse on geopolitical worries, Sensex tanks 654 points

Mar 26, 2015 at 19:31 | Source: FirstPost

Mumbai: Rising geopolitical tension in the Middle East spooked domestic markets today with benchmark Sensex plummeting 654 points, its biggest daily fall in nearly three months, to close at 27,457.58.Across-the-board selling on the last day of monthl...

Sensex falls over 700 pts on foreign outflow concerns post Saudi air strike in Yemen

Mar 26, 2015 at 15:44 | Source: FirstPost

The BSE Sensex and Nifty fell over 2 percent on Thursday to their lowest in more than 10 weeks as blue chips slumped on worries foreign investors may trim positions on risk aversion after Saudi Arabia launched air strikes in Yemen.Foreign investors h...

Sensex falls to 10-week low on foreign outflow concerns over Yemen crisis

Mar 26, 2015 at 13:25 | Source: FirstPost

Mumbai: The BSE Sensex and Nifty hit 10-week lows today, heading for their seventh straight session of falls as blue-chips such as Housing Development Finance slumped on concerns about foreign investors after Saudi Arabia launched air strikes in Yeme...

Sensex ends lower; rate-sensitive stocks fall

Mar 20, 2015 at 01:15 | Source: FirstPost

MUMBAI (Reuters) - The BSE Sensex fell on Thursday for a second consecutive session, retreating from earlier gains of as much as 1.2 percent as investors felt domestic markets already sufficiently reflect expectations for a later start in U.S. rate r...

Between Lagardes praises for India is a caution Raghuram Rajan cannot afford to ignore

Mar 18, 2015 at 09:57 | Source: FirstPost

Christine Lagarde, managing director of International Monetary Fund (IMF), appeared largely convinced about the good state of Indian economy when she delivered a speech at the Reserve Bank of India (RBI) on Tuesday. Lagarde showered praises to almost...

Sensex crosses 30,000, Nifty at life high as markets cheer RBI rate cut

Mar 04, 2015 at 12:16 | Source: FirstPost

The RBI'ssurprise interest rate cut this morning sent the market soaring with the Sensex breaching the 30,000 point mark for the first time in its history.The Nifty was also a life timehigh as markets cheered the RBI's decision to cut monetary rates,...

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