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SBI plans share sale in insurance, asset management units

Jul 28, 2014 at 18:00 | Source: VC Circle

Earlier this year SBI raised Rs 10,000 crore by offloading stake to the government and institutional investors to bolster its capital adequacy ratio. India's largest lender State Bank of India is mulling to sell stakes in its insurance and as...

SBI plans share sale in insurance, asset management unit

Jul 28, 2014 at 16:00 | Source: VC Circle

Earlier this year SBI raised Rs 10,000 crore by offloading stake to the government and institutional investors to bolster its capital adequacy ratio. India's largest lender State Bank of India is mulling to sell stakes in its insurance and as...

Overseas Bond Sales on Pace to Set New Record

Jul 28, 2014 at 16:00 | Source: NDTV Profit

Mumbai: With Bharti Airtel, ONGC Videsh, Tata Steel and SBI hitting the overseas bond markets with $1-billion-plus issues, debt raised by 15 domestic companies so far this year is sniffing at the record $16.5 billion India Inc had raised in the entir...

L&T, SBI, RIL May See FII Buying: Macquarie

Jul 28, 2014 at 11:54 | Source: NDTV Profit

According to investment banking firm Macquarie, foreign ownership of BSE 200 index is steady at an all-time high of around 21 per cent in June compared with May, with room to grow since unutilised portion is worth $152 billion for the index. In April...

RPower to buy JP hydel units

Jul 28, 2014 at 03:42 | Source: Calcutta Telegraph News

Mumbai, July 27: Reliance Power Ltd, the Anil Ambani group company, has signed an agreement to acquire the hydroelectric power assets of Jaiprakash Associates Ltd (JAL) for an undisclosed amount. “Reliance CleanGen Ltd (RCL) — a 100 per ...

No retro tax on debt schemes: MFs say relief only partial, will not help industry

Jul 26, 2014 at 11:12 | Source: FirstPost

New Delhi - Mutual fund industry has termed as 'partial relief' the government's decision to exempt debt mutual funds sold between April 1 and July 10 this year from an increased tax rate.Earlier this month, the Union budget had proposed doubling of ...

Sensex, Nifty open flat; Wipro slumps 7%, SBI, Sesa drag

Jul 25, 2014 at 11:55 | Source: IBNLive

Mumbai: After closing at record highs, the market has opened on a flat note on Friday. The Sensex is down 17.67 points at 26254.18, and the Nifty is down 2.40 points at 7828.20. About 391 shares have advanced, 143 shares declined, and 20 shares are&a...

'Kingfisher House' To Go Up For Sale

Jul 22, 2014 at 02:00 | Source: NDTV Profit

Kingfisher Airlines' lenders led by SBI can now go ahead and take possession of 'Kingfisher House' in Mumbai and sell it to recover some of the dues that run up to over Rs 8,000 crore. Vijay Mallya-led Kingfisher Airlines on M...

ICICI Bank, 7 Others Gain Rs 72259 Crore in Market Value

Jul 20, 2014 at 14:00 | Source: NDTV Profit

New Delhi: The market valuation of top eight Sensex companies surged by Rs 72,259 crore last week, with ICICI Bank, ONGC and State Bank of India (SBI) emerging as the major gainers. Barring ITC and Infosys, the remaining eight companies including Tat...

Bank recap prop on way

Jul 20, 2014 at 03:21 | Source: Calcutta Telegraph News

New Delhi, July 19: Finance minister Arun Jaitley today said state-run banks would require recapitalisation worth Rs 2.4 lakh crore and this would be a top priority for the government. Officials said the finance ministry would prepare a draft cabine...

SBI selective in rate cut

Jul 16, 2014 at 09:17 | Source: Calcutta Telegraph News

Mumbai, July 15: The State Bank of India today reduced the interest rate on select term deposits by up to 50 basis points. Sources in the country�s largest lender said there were no plans to slash the lending rates. The SBI�s move is expected to...

Sensex Snaps 5-Day Fall with 221-Point Gain; SBI Rises 4.5%

Jul 15, 2014 at 18:00 | Source: NDTV Profit

BSE Sensex and Nifty rebounded today after suffering five days of losses as rate-sensitive stocks such as ICICI Bank and SBI surged after inflation slowed ahead of the Reserve Bank of India's policy review next month. Despite today's ...

SBI Cuts Fixed Deposit Rate on Select Maturities By 0.5%

Jul 15, 2014 at 15:59 | Source: NDTV Profit

State Bank of India on Tuesday slashed the interest rate on short-term fixed deposits up to 179 days by 0.5 per cent, a move expected to be followed by other lenders. Interest rate on fixed deposits between 7-179 days has been reduced to 7 per cent ...

Insurance preference for FDI funds

Jul 14, 2014 at 05:37 | Source: Calcutta Telegraph News

Calcutta, July 13: The insurance industry is in favour of a more long-term capital infusion in the form of FDI following the government’s proposal to relax the composite cap on foreign investment in the sector in the budget. Finance minister A...

Eight Blue-Chip Companies lose Rs 1.11 Lakh Crore in Market Valuation

Jul 13, 2014 at 12:00 | Source: NDTV Profit

New Delhi: Eight blue-chip Sensex companies saw a cumulative erosion of a whopping Rs 1,11,994 crore from their market capitalisation, with energy majors ONGC and RIL taking the steepest hit. While TCS, CIL, HDFC Bank, SBI, ICICI Bank and HDFC&nb...

Foreign brokerages hail Jaitley's budget as growth, reforms-oriented

Jul 11, 2014 at 17:12 | Source: FirstPost

Mumbai: Analysts at foreign brokerages have lauded Finance Minster Arun Jaitley's maiden Budget saying the measures announced will boost growth as it has ushered in the much-needed reforms and has created a conducive investment climate.Japanese broke...

Piramal Enterprises close to buying majority stake in six road assets for $333M

Jul 08, 2014 at 12:00 | Source: VC Circle

The firm had signed a MoU with SBI Capital to co-operate on opportunities in acquiring controlling stakes in road projects. Piramal Enterprises is close to sealing half a dozen deals to buy majority stake in a clutch of road assets for around Rs 2,00...

Sensex breaches 26,000: These are the 5 stocks you should be watching on Budget day and after

Jul 07, 2014 at 15:25 | Source: FirstPost

Finance Minister Arun Jaitley's budget for 2014 is coming at a very opportune time. The economy, which was in tatters for the last three years, is on the cusp of a revival with many factors showing signs of improvement.Economists are of the opinion t...

Assam MLA's relative arrested in Meghalaya

Jul 04, 2014 at 04:30 | Source: FirstPost

Shillong, July 3 (IANS) A relative of an Assam legislator was arrested in Meghalaya for his involvement in the abduction of a State Bank of India official, police said here Thursday.Hanif Ali, the nephew of Independent MLA from Mankachar constituency...

Mahindra Mahindra appoints Anish Shah as President, Special Projects

Jul 03, 2014 at 21:12 | Source: Economic Times

MUMBAI: Auto-maker major Mahindra & Mahindra today said it has appointed Anish Shah as President - Group Special Projects with effect from August 1, 2014. Prior to joining Mahindra & Mahindra, Shah was the President and Chief Executive Officer of GE...

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