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Amid US air strikes take against ISIL, Iraq struggles to build own air force

Aug 22, 2014 at 13:25 | Source: FirstPost

Washington: President Barack Obama told a recent interviewer he did not want the US military to become Iraq's air force. But he may have little choice.Iraq had only a fledgling air force when the United States withdrew in 2011. Washington has agreed ...

Government plans to merge all state-run hydropower firms; thermal projects may be transferred to NTPC

Aug 20, 2014 at 13:42 | Source: Economic Times

NEW DELHI: The government plans to create public sector energy giants with a massive restructuring exercise that will amalgamate all state-run hydropower firms and transfer their thermal projects to NTPC to create strong companies that can take on th...

Top fund houses like HDFC, ICICI Pru log out of banking, capital goods, bet on infrastructure

Aug 20, 2014 at 05:42 | Source: Economic Times

MUMBAI: Top mutual fund houses such as HDFC, ICICI Pru, Reliance MF and SBI Funds Management, which together command over 50% of the mutual fund industry, sold large-cap bank and capital goods stocks like SBI, L&T and select government-owned companie...

Banks tighten vigil on Bhushan

Aug 19, 2014 at 05:52 | Source: Calcutta Telegraph News

Mumbai, Aug. 18: The creditors of Bhushan Steel will take steps, including an audit, to ensure the steel maker, whose managing director is implicated in a bribery case, pays back around Rs 40,000 crore it owes. The creditors, which include the State...

New norms soon for PSU bank directors; CMD post to be split

Aug 18, 2014 at 14:02 | Source: Economic Times

NEW DELHI: The Centre is moving swiftly to clean up the appointments to state-run bank boards and unveil fresh guidelines to revamp the system of senior-level appointments which have come under intense scrutiny after the alleged Syndicate Bank briber...

Markets hit fresh life highs; experts say bull run is on; top 20 stock bets

Aug 18, 2014 at 14:02 | Source: Economic Times

MUMBAI: The markets are on a roll, with the Sensex and Nifty making fresh life highs, led by gains in banks, auto and energy counters. The new life high for Sensex is 26302.52; and that for Nifty is 7848.30. The Nifty extended its winning streak for ...

Top 9 Sensex companies add Rs 66,483 crore in m-cap; HDFC, ONGC shine

Aug 18, 2014 at 04:17 | Source: Economic Times

NEW DELHI: Top nine Sensex companies saw a cumulative addition of Rs 66,483 crore in their market capitalisation last week, with major contribution coming in from HDFC and ONGC. SBI was the only company that witnessed dip in its market valuation amon...

Top 9 Sensex Companies Add Rs 66483 Crore in Market Capitalisation

Aug 17, 2014 at 15:59 | Source: NDTV Profit

New Delhi: Top nine Sensex companies saw a cumulative addition of Rs 66,483 crore in their market capitalisation last week, with major contribution coming in from HDFC and ONGC. SBI was the only company that witnessed dip in its market valuation&...

B-school graduates now want PSU jobs over private sector: survey

Aug 16, 2014 at 14:00 | Source: FirstPost

Mumbai: Business school graduates are now increasingly preferring to work in public sector undertakings over private entities owing to a plethora of factors including job security and lucrative salaries besides generous perks and special allowances, ...

PSUs attracting talent from B-schools: ASSOCHAM; B-school grads lukewarm preference for foreign companies & attracted to PSUs;

Aug 16, 2014 at 13:57 | Source: Assocham

Wish you all A very Happy Independence Day. More and more pass-outs from business schools are flocking to topline public sector companies due to job security, improving prospects of firms and headwinds faced by the private sector, especially those i...

B-school graduates now prefer PSU jobs over private ones: survey

Aug 16, 2014 at 10:13 | Source: FirstPost

Mumbai: Business school graduates are now increasingly preferring to work in public sector undertakings over private entities owing to a plethora of factors including job security and lucrative salaries besides generous perks and special allowances, ...

Prime Minister Modi's 'Jan-Dhan Yojana' to Boost Financial Inclusion Plan: SBI

Aug 15, 2014 at 20:00 | Source: NDTV Profit

Mumbai: State Bank of India on Friday welcomed the 'Jan-Dhan Yojana' launched by Prime Minister Narendra Modi and said it will give a boost to the government's ambitious financial inclusion drive. The Prime Minister said in hi...

PSU Banks May Soon Begin Process to Declare Kingfisher Airlines Wilful <b>...</b>

Aug 12, 2014 at 23:59 | Source: NDTV Profit

New Delhi: Three major PSU banks SBI, PNB and IDBI may soon initiate the process to declare Kingfisher Airlines and others as wilful defaulters after the firms failed to service their debt, sources said. The Department of Financial Services, after ...

Mutual fund industry welcomes government's move on KYC norms

Aug 12, 2014 at 12:40 | Source: Economic Times

MUMBAI: The mutual fund industry welcomed the government's move to have a common know your customer (KYC) norm for all kinds of financial product investors today, though they believe that there are certain issues which need to be sorted out. "A comm...

Expect 20% Upside on SBI: Nirmal Bang

Aug 11, 2014 at 12:00 | Source: NDTV Profit

State Bank of India, India&#39;s largest lender by assets reported 3 per cent year-on-year (y-o-y) jump in its net profit at Rs. 3,349 crore for the first quarter of FY15, breaking its trend of reporting fifth straight quarter of declining y-o-y ...

Central Bank Hires SBI Caps to Sell Stake in IL&amp;FS

Aug 10, 2014 at 15:43 | Source: NDTV Profit

Mumbai: Central Bank of India has appointed SBI Caps to identify a buyer for its stake in Infrastructure Leasing &amp; Financial Services (IL&amp;FS). &quot;We have appointed SBI Caps as the merchant banker to find a buyer for our stake i...

State Bank arrests net profit slide

Aug 09, 2014 at 03:22 | Source: Calcutta Telegraph News

Mumbai, Aug. 8: The State Bank of India (SBI) today surprised investors by reporting its first net profit growth in six quarters. The net profit of the country’s largest bank rose 3.33 per cent to Rs 3,349 crore for the quarter ended June 2014...

SBI wants external agency to run Bhushan Steel

Aug 08, 2014 at 22:00 | Source: VC Circle

The bank has called for a meeting of the lenders&#39; consortium next week to discuss the proposal. A day after the arrest of Bhushan Steel vice chairman in the cash-for-loan case at Syndicate Bank, SBI - a big lender to the firm - today said it ...

SBI Wants External Agency to Run Bhushan Steel; Meeting Next Week

Aug 08, 2014 at 22:00 | Source: NDTV Profit

Mumbai: A day after the arrest of Bhushan Steel vice chairman Neeraj Singal in the cash-for-loan case at Syndicate Bank, State Bank of India (SBI) - a big lender to the firm - on Friday said it will press for an external agency to take over the day-t...

SBI net up 3.3% in Q1, first profit growth in six quarters

Aug 08, 2014 at 18:00 | Source: VC Circle

Rising provision for bad loans have restricted State Bank of India&#39;s net profit to a nominal increase of 3.3 per cent at Rs 3,349.08 crore for the quarter ended June 30. The country&#39;s largest bank had a standalone net profit of Rs 3,2...

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