Stock market live: Sensex breaks above 22000; metals fall
Mar 11, 2014 at 10:00 | Source:
09.25 a.m. Bank Nifty up another 1 per cent today. ICICI Bank rises more than 2 per cent. PSU lenders such as PNB, Bank of Baroda and SBI -- all up. IT stocks have edged up after initial losses. However, metal stocks are down. Dealers are especially ...
Share market live: Sensex, Nifty hit record high; banks lead
Mar 10, 2014 at 12:00 | Source:
11.30 a.m. Markets turn flat. Sensex down 3 points at 21,916; Nifty up at 6,527. Jaiprakash Associates, IndusInd Bank, IDFC, DLF and SBI are the top five gainers. HCL Tech is top loser. Tata Motors, Ranbaxy Lab, TCS and Hindalco also down sharply....
New CSR rules not applicable to SBI, bank to comply voluntary
Mar 09, 2014 at 15:59 | Source:
Kolkata: The new Corporate Responsibility Regulations notified recently was not applicable to the State Bank of India, but it would comply voluntarily. "We do not come under companies act purview as SBI was created under SBI Act. So, the new...
SBI to raise up to Rs 1200 crore by issuing shares to employees
Mar 07, 2014 at 18:00 | Source:
Kolkata: State Bank of India has proposed to offer share purchase scheme for all its employees which could raise additional equity capital, between Rs 800 crore and Rs 1,200 crore, for the country's largest lender. "We are planning t...
After raising a red flag, funds stock up on Maruti Suzuki
Mar 07, 2014 at 10:16 | Source:
India's top fund houses may have hinted at voting with their feet in India's biggest car maker Maruti Suzuki and approaching the capital market regulator after flagging off corporate governance issues recently, but that does not seem to have deterred...
FII holding in Sensex firms at 8-year high; what stocks are they betting on
Mar 06, 2014 at 16:21 | Source:
MUMBAI: Foreign institutional investors (FIIs), the major contributors to the Indian stock market, have pumped in approximately $6 billion in the Indian equities quarter ended December 2013 as compared to $700 million in the previous quarter. This wa...
SBI deputy MD Shyamal Acharya facing graft charges back at work
Mar 06, 2014 at 12:32 | Source:
MUMBAI: State Bank of India's deputy managing director Shyamal Acharya, who was asked to proceed on leave after the Central Bureau of Investigation registered a case of graft against him in November last year, has resumed work at the country's large...
How Baba Kalyani is making Bharat Forge diversify into non-auto segments
Mar 06, 2014 at 05:11 | Source:
Managing risk has been at the centre of many business moves made by Baba Kalyani in the past 15 years. The first was to actively look beyond the two customers that accounted for 60% of the revenues of Bharat Forge, his auto-component company that sp...
Sensex rises 67 points on positive global cues
Mar 06, 2014 at 04:22 | Source:
(PHOTO: Associated Press) The benchmark Sensex on Wednesday rose over 67 points to end near its record close on positive global cues and as investors started taking positions with just about a month left for the Lok Sabha election.Indian stocks larg...
SBI working on two-pronged strategy to fight bad debts
Mar 05, 2014 at 13:56 | Source:
Anand AdhikariArundhati Bhattacharya, chairperson of State Bank of India (SBI), is working on a two-pronged strategy to control the growing bad loans at the country's largest lender. The bank has put in place an operational plan to focus on non-perf...
Where to put your money if war breaks out
Mar 04, 2014 at 00:52 | Source:
All things considered, so far the market reaction to Russia's actions in the Ukraine appears better than it could have been. Long-duration Treasurys continue to get bid, but thus far, the buying has not been panicky. Funny how the rising-rate-enviro...
SBI declares 150% interim dividend
Mar 03, 2014 at 22:00 | Source:
State Bank of India (SBI) today announced 150 per cent or Rs 15 per share interim dividend for 2013-14. The central board of the bank has declared an interim dividend at the rate of Rs 15 per equity share of Rs 10 each, SBI said in a filing to the BS...
Maruti Suzuki executives meet fund houses miffed over Gujarat plant
Mar 03, 2014 at 08:26 | Source:
MUMBAI: Senior executives of Maruti Suzuki were in the city over the weekend as top fund houses hunkered down to sharpen their strategy to take on India's largest carmaker for its proposed move to let its Japanese parent to operate a wholly-owned ma...
Taking steps to reduce NPAs: State Bank of India
Mar 03, 2014 at 08:00 | Source:
Tiruchirappalli: State Bank of India is taking initiatives to reduce bad loans which have reached 5.73 per cent, SBI managing director and group executive (national banking), A Krishnakumar has said. All zones have been directed to tighten the recove...
Golf: Rashid Khan triumphs at SAIL-SBI Open
Mar 01, 2014 at 18:40 | Source:
New Delhi: Indian golfer Rashid Khan claimed a play-off victory over Bangladeshi Siddikur Rahman at the SAIL-SBI Open with a birdie on the first extra hole Saturday.The 23-year-old completed a memorable wire-to-wire victory at his home course, the De...
Weekly roundup: Sensex, Nifty hit 5-week high on FII inflows, strong buying
Mar 01, 2014 at 18:07 | Source:
Rallying for the second week in a row, the stock market jumped by about 2 per cent on healthy buying in capital goods, pharma, auto and consumer durable shares on the back of sustained capital inflows.The benchmark indices - S P BSE Sensex and NSE C...
Fund houses may ask Sebi to protect interest of Maruti investors
Mar 01, 2014 at 10:41 | Source:
MUMBAI: Top fund houses in India plan to approach the Securities and Exchange Board of India (Sebi), seeking the capital market regulator's intervention to protect the interests of minority shareholders after car maker Maruti Suzuki's management fail...