News

SBI suggests RBI as single regulator for all home loans  

18 May 2013, 4.52 pm  |  Source: PTI

The State Bank of India is of the view that Reserve Bank of India should be the regulator for all home loans sanctioned by banks and housing finance c...

India’s Gelato major 'melt in' to expand in metros by 2015   

18 May 2013, 4.22 pm  |  Source: CNBC-TV18

23-year old Aastha Gandhi, fifth generation of the Rs 350 crore Vadilal Group aims to expand 'melt in' to major metros by 2015....

Overseas business margins under pressure: SBI  

18 May 2013, 4.14 pm  |  Source: PTI

State Bank of India on Saturday said it would review returns from its foreign and domestic business after margins overseas came under pressure. ...

Panel probing Walmart lobbying to submit report in few days  

18 May 2013, 4.08 pm  |  Source: PTI

Sources said the report is expected to be submitted to the government either today or tomorrow. The conclusions of the panel could not be immediately ...

Tata Motors subsidiary issues $280 m senior notes  

18 May 2013, 4.00 pm  |  Source: Reuters

TML Holdings Pte Ltd, a Tata Motors subsidiary, had issued and allotted S$350 million of senior notes due 2018. Singapore Pte Ltd, Deutsche Bank A...

After long wait, IKEA in no rush for quick launch of stores   

18 May 2013, 3.47 pm  |  Source: CNBC-TV18

Juvencio Maeztu, head of IKEA's operations in India, says that no shortcuts will be taken in the process of launching its stores in India. With acces...

Tata Tele (Maharashtra) share sale cancelled  

18 May 2013, 12.55 pm  |  Source: Reuters

Tata Sons' plan of selling 2.7 percent stake in Tata Teleservices (Maharashtra) was cancelled after most bids were below the floor price....

ICICI GI aims to break even on under-writing front soon  

18 May 2013, 12.51 pm  |  Source: PTI

Country's largest private sector general insurer ICICI Lombard, which reported a net profit of Rs 306 crore last fiscal, is likely to break even on th...

Tata Steel favours EU funds to soften plant-closure blow  

18 May 2013, 12.50 pm  |  Source: Reuters

Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, chief executi...

J&K Bank aims to have 1,000 business units by 2015  

18 May 2013, 12.42 pm  |  Source: PTI

Jammu and Kashmir Bank will add over 300 new business units in the next two years to take the total number of units to 1,000, according to a top offic...

BPCL signs wage pacts with Kochi refinery worker unions  

18 May 2013, 12.31 pm  |  Source: PTI

BPCL on Friday signed lon-term wage settlement pacts with three recognised employee unions at its Kochi refinery. ...

Forex reserves down $616.4 mn to $293.69 bn  

18 May 2013, 12.27 pm  |  Source: PTI

The forex reserves of the country have slipped for the second consecutive week, dipping by USD 616.4 million to USD 293.69 billion on a fall in curren...

AI wants compensation for 787s not delivering fuel savings  

18 May 2013, 12.25 pm  |  Source: PTI

National carrier Air India has sought compensation from Boeing for Dreamliners not meeting the 20 percent fuel efficiency claims as the airline could ...

Chinese firm ZTE to sell mobile handsets directly in India  

18 May 2013, 12.18 pm  |  Source: PTI

Aiming to become one of India's top three handset vendors, Chinese telecom major ZTE on Friday announced a tie-up with city-based firm Calyx to launch...

India looking to set up feeder fund for IDFs: Chidambaram  

18 May 2013, 12.10 pm  |  Source: PTI

India is looking to set up a London-listed 'feeder fund' for Infrastructure Debt Funds (IDFs), and also to work with the UK on increasing institutiona...

Low cost deposit base key to new bank success, says ICRA  

18 May 2013, 11.58 am  |  Source: PTI

According to ratings agency ICRA, the low-cost current and savings account (CASA) deposit base and some regulatory relief in the gradual build-up of p...

US paves way for shale gas export to India  

18 May 2013, 11.57 am  |  Source: PTI

Opening up the prospects of export of shale gas to energy starved India, the US today granted conditional authorisation to export domestically produce...

RBI to take note of falling inflation in next policy review  

18 May 2013, 11.51 am  |  Source: PTI

RBI to take into account falling inflation while deciding on policy initiative in its review next month....

The Week That Was: Soaring Market Ends Week On Sober Note  

18 May 2013, 5.16 am  |  Source: Moneycontrol.com

The Week That Was: Soaring Market Ends Week On Sober Note...

Finance Bill effect on realty; costly retirement homes    

17 May 2013, 11.46 pm  |  Source: CNBC-TV18

We look at how the Finance Bill passed by Parliament impacts real estate deals. Also, with nuclear families mushrooming, developers are betting big on...

Evening Wrap: Here's what all made headlines today  

17 May 2013, 11.45 pm  |  Source: Moneycontrol.com

Here are the key events which made headlines today ...

Boeing says AI can redeploy all Dreamliners this month  

17 May 2013, 10.46 pm  |  Source: PTI

Boeing said on Friday that it will ready the remaining four grounded Dreamliners of Air India within this month and also deliver the seventh 787 to th...

GE inks pact with Maha govt for healthcare project in state   

17 May 2013, 10.43 pm  |  Source: CNBC-TV18

Global conglomerate General Electric (GE) has signed a partnership with the government of Maharashtra to set up diagnostic centres in 20 hospitals and...

Expectation of stable outlook by S&P warranted: Yes Bank   

17 May 2013, 10.17 pm  |  Source: CNBC-TV18

The expectation of a stable outlook was warranted, perhaps as this has been work-in-progress since September 2012, says Shubhada Rao, president & chie...

S&P report not much of surprise: Arvind Mayaram   

17 May 2013, 9.30 pm  |  Source: CNBC-TV18

Reacting to the S&P report on India, Arvind Mayaram, economic affairs secretary said the report does no come as a surprise. But he says that the coun...

S&P affirms BBB - rating on India, hints at downgrade    

17 May 2013, 8.31 pm  |  Source: CNBC-TV18

Despite the finance ministry making the pitch for an upgrade and the reform measures that have been undertaken in the last six months, S&P has maintai...

Will Vikram Pandit prove a lucky mascot for J M Financial?  

17 May 2013, 7.30 pm  |  Source: Moneycontrol.com

JM Financial shares on Friday surged 15 percent to hit a 52-week high of Rs 27.70 on NSE. However, the market optimism may be lacking a rational appro...

S&P rating signals Indian economy not out of woods yet  

17 May 2013, 6.34 pm  |  Source: Moneycontrol.com

S&P's affirmation of negative outlook on Indian economy signals that it is not on ‘road to recovery’ as perceived by the market. ...

Exports in FY14 to grow 30% higher than FY13: Kohinoor   

17 May 2013, 6.01 pm  |  Source: CNBC-TV18

Satnam Arora, MD, Kohinoor Foods said, "We are hopeful that this year again we will be getting about 25 percent increase in branded sales worldwide."...

Expect margins to expand further: NIIT Tech   

17 May 2013, 5.59 pm  |  Source: CNBC-TV18

NIIT Technologies CFO Pratibha Advani says that the overall results of the company have been good in Q4 and expects margins to expand further on the b...