Monday, 6 May 2013

SBI Chairman says not looking at group consolidation for now

SBI Chairman says not looking at group consolidation for now

SBI Chairman says not looking at group consolidation for now

State Bank of India on Monday made it clear that it was not looking at consolidation of any of its associate banks with itself for now. But the issue has not gone off its radar and may well be taken up for consideration after July, Pratip Chaudhuri, SBI Chairman, ...
Cobrapost Expose 2: Banks, LIC face FinMin heat

Cobrapost Expose 2: Banks, LIC face FinMin heat

From aiding customers to investing unaccounted money in insurance policies to advising them on ways to avoid coming under the income-tax scanner, officials of these banks have been caught on tape violating KYC norms put in place to prevent tax evasion ...
Saradha scam: 2 more commit suicide, toll mounts to 10

Saradha scam: 2 more commit suicide, toll mounts to 10

At least two people involved in money collection schemes committed suicide in the State here on Monday. With the two incidents of suicide, the death toll following the Saradha scam has risen to over 10 now. According to the police, Jagdish Ray, a resident of ...
Kansai Nerolac standalone Q4 net profit at Rs 122.7 cr

Kansai Nerolac standalone Q4 net profit at Rs 122.7 cr

Kansai Nerolac Paints has reported over two-fold increase in standalone net profit at Rs 122.7 crore for the quarter ended March 31, 2013. The company's board has recommended a dividend of 110 per cent of Rs 11 per share, an official statement said.
Rupee falls to near one-week low

Rupee falls to near one-week low

By Subhadip Sircar. MUMBAI | Mon May 6, 2013 5:21pm IST. MUMBAI (Reuters) - The rupee fell to its lowest in nearly a week on Monday on continued dollar demand from state-run banks, likely related to the government's defence purchases. The fall in the ...
Euro zone biz slump points to deeper recession in Q2

Euro zone biz slump points to deeper recession in Q2

The Euro zone's business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed on Monday. The purchasing managers indexes (PMIs) also showed that Germany is now suffering a ...
Air India to cut free baggage limit to 15 kg from 20 kg

Air India to cut free baggage limit to 15 kg from 20 kg

Air India has cut the baggage allowance for most economy-class fliers becoming the to take advantage of the recent government move to allow airlines to charge separately for various services. According to the new rules, which go into effect from next week, ...
Probe panel on Walmart lobbying to submit report soon

Probe panel on Walmart lobbying to submit report soon

New Delhi: A government-appointed panel probing Walmart's lobbying with the US lawmakers for its entry into the Indian market will submit its report within a fortnight, wherein it may also suggest framing rules in the country for lobby activities by companies.
Reliance Comm raises call tariff by 20 percent

Reliance Comm raises call tariff by 20 percent

NEW DELHI: Reliance Communications, India's third-biggest mobile phone carrier by customers, has raised some voice call prices and further cut discounts, extending price increases in the world's second-biggest mobile phone market. Until recently ...