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Sensex runs out of steam to end day 499 points down, Nifty snaps 10-day rally on profit-taking

Jan 30, 2015 at 18:55 | Source: FirstPost

Mumbai: The benchmark Sensex today hit new high of 29,844.16 but succumbed to heavy profit-booking led by banking shares to fall by 498.82 points to 29,182.95, logging its worst drop in three weeks, even as the government's mega share sale in Coal In...

ICICI chief gets paid 20 times more than SBI head: Why govt must reform wages in public banks

Jan 30, 2015 at 09:23 | Source: FirstPost

Trade unions of bank employees, mainly those from state-run banks, willsit again with the Indian Banks Association (IBA), the industry lobby of banks, in February to continue with their negotiations on awage rise.Unions, which had deferred a four-day...

Investors cash out from Tata Motors as rights issue priced at a discount

Jan 28, 2015 at 13:20 | Source: FirstPost

Shares of Tata Motors fell as much as 2 percent after the company said it will seek shareholders' nod to raise up to Rs 7500 crore through rights share issue.According to dealers, the reason for the fall in the stock price is two-fold: For one, the r...

Tata Motors to raise Rs 7,500 cr in India's third-largest rights issue

Jan 28, 2015 at 11:29 | Source: FirstPost

New Delhi - Auto major Tata Motors plans to raise up to Rs 7,500 crore via rights issue which will be used to invest in business expansion and reduce debt.The company's board has approved seeking shareholders' approval through a postal ballot for rai...

SBI share sale: Other public banks too should make hay while market shines

Jan 28, 2015 at 08:51 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender by assets, has initiated the process to raise up to Rs 15,000 crore from the market by securing the go-ahead from its investment committee to execute the plan.This enables the lender to go for ca...

SBI's Rs 15,000 cr share sale: Other public banks too should make hay while market shines

Jan 28, 2015 at 03:30 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender by assets, has initiated the process to raise up to Rs 15,000 crore from the market by securing the go-ahead from its investment committee to execute the plan.This enables the lender to go for ca...

Sensex, Nifty on a roll: Markets hit new peaks, banking stocks lead surge

Jan 27, 2015 at 17:59 | Source: FirstPost

Mumbai: Extending their winning run to the eighth straight session, the benchmark Sensex today jumped 292.20 points to end at new closing high of 29,571.04 and Nifty surpassed the 8,900-mark for the first time on optimism over Indo-US nuclear deal am...

Laxmans cartoons made RBI pay attention to curse of inflation, says Rajan

Jan 27, 2015 at 17:36 | Source: FirstPost

He was the torch that lit the dark corners of everything in society and upturned all that lay hidden. RK Laxman, known for his subtle wit and putting a smile on the face of thousands of readers daily, stirred the men from the world of business by put...

Laxmans cartoons made RBI pay attention to 'curse' of inflation, says Rajan

Jan 27, 2015 at 17:36 | Source: FirstPost

He was the torch that lit the dark corners of everything in society and upturned all that lay hidden. RK Laxman, known for his subtle wit and putting a smile on the face of thousands of readers daily, stirred the men from the world of business by put...

Laxmans tongue-in-cheek humor was a stroke of genius, says HDFC's Parekh

Jan 27, 2015 at 10:58 | Source: FirstPost

He was the torch that lit the dark corners of everything in society and upturned all that lay hidden. RK Laxman, known for his subtle wit and putting a smile on the face of thousands of readers daily, stirred the men from the world of business by put...

From IPR and piracy to taxation: Key issues discussed at India-US CEO forum

Jan 27, 2015 at 10:48 | Source: FirstPost

Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.Talking to reporters after...

SBI in 100 mn euro loan pact with European Investment Bank to aid SMEs

Jan 24, 2015 at 14:49 | Source: FirstPost

State Bank of India (SBI), the country's largest public sector bank, has signed a loan agreement for 100 million euro (about Rs 700 crore) with European Investment Bank (EIB) for lending to private businesses in the country.This is the third tranche ...

Day after IB alert of possible terror attacks, ISI agent arrested in Odisha

Jan 23, 2015 at 22:39 | Source: FirstPost

The worst security nightmare has come true. A day after the Intelligence Bureau (IB) sounded an alert about a possible terror strike in four states, including Odisha, by Pakistan based jihadi groups, a cameraperson employed with the Interim Test Rang...

ECB helps Sensex, Nifty maintain northbound trend; Tata Power, Tata Motors lead surge

Jan 23, 2015 at 18:29 | Source: FirstPost

Mumbai: Tracking global rally triggered by ECB stimulus, the benchmark BSE Sensex today set a new high of 29,408 points and NSE Nifty breached the 8,800-level for the first time. The 30-share index, however, pared some gains to settle the day at all-...

Decoding Suzlon sale: More distress sales coming as banks toughen stand on dues

Jan 23, 2015 at 12:25 | Source: FirstPost

The decision of wind turbine maker Suzlon Energy to sell its German arm Senvion for a not-so-attractive valuation of Rs 7,200 crore to US-based Centerbridge Partners LP, to pare part of its Rs 17,500 crore debt, tells us what is in store for companie...

After Suzlon sale, more distress sales coming as banks toughen stand on dues

Jan 23, 2015 at 12:25 | Source: FirstPost

The decision of wind turbine maker Suzlon Energy to sell its German arm Senvion for a not-so-attractive valuation of Rs 7,200 crore to US-based Centerbridge Partners LP, to pare part of its Rs 17,500 crore debt, tells us what is in store for companie...

Sensex, Nifty at historic high levels, HUL steals show

Jan 21, 2015 at 18:46 | Source: FirstPost

Mumbai: Rising for the fifth day in a row, benchmark BSE Sensex today set a life-time high of 28,958 points and NSE Nifty recorded a historic 8,741 points as overall macro outlook and optimism over forthcoming budget continue to buoy investor sentime...

Sky's the limit: Sensex soars 522 points to scale new high, Nifty touches 8,700 mark

Jan 20, 2015 at 18:38 | Source: FirstPost

Mumbai: Extending its winning streak for the fourth day, benchmark index BSE Sensex today surged by over 522 points to record a new closing high of 28,784.67, and NSE Nifty breached the 8,700-mark for the first time in its history.The market rally wa...

Banks cannot collect EMI if loan has not been disbursed: Dispute Redressal Forum

Jan 19, 2015 at 13:56 | Source: FirstPost

Thane: Rejecting an argument by SBI that it was not at fault in recovering monthly installments on "disbursed" housing loan, the Dispute Redressal Forum here has asked the bank to refund the entire EMI charged unduly for 20 months from a po...

NTPC signs 15-year Rs 10,000 cr loan with SBI to fund capex

Jan 16, 2015 at 13:43 | Source: FirstPost

New Delhi: Country's largest thermal power producer NTPC has signed a term loan agreement of Rs 10,000 crore with state-run lender SBI for partially funding its capital expenditure."NTPC has signed a term loan agreement for Rs 10,000 crore with ...

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