SBI mulls merger of associate banks

Sun, 05 Sep 2010 06:28:34 GMT

State Bank of India (SBI) is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years.

'Maruti Suzuki to build new auto plant'

Sun, 05 Sep 2010 05:26:29 GMT

Japan's Suzuki Motor Corp is planning to build a new factory in India capable of producing more than 250,000 vehicles a year, the Nikkei business daily reported on Sunday.

Maharashtra, Delhi NCR top FDI list in India

Sun, 05 Sep 2010 05:30:29 GMT

Maharashtra attracted maximum foreign inflows at USD 1.53 billion (Rs 6,989 crore) and accounted for 35 per cent of the country's total FDI during April-June this fiscal.

IRDA to set up integrated grievance redressal cell

Sun, 05 Sep 2010 05:29:15 GMT

Insurance watchdog IRDA will set up a centralised grievance redressal mechanism to ensure that the problems of customers in the life and non-life sectors are addressed in a time-bound manner.

Silver hits new record, gold declines

Sat, 04 Sep 2010 14:16:20 GMT

Gold prices declined further to close below the psychological Rs 19,000-level at the bullion market here today due to reduced buying interest from retailers at current levels amid profit booking following a bearish trend in global markets.

India's forex reserves swell to $282.84bn

Fri, 03 Sep 2010 13:05:32 GMT

After having declined for two consecutive weeks, country's foreign exchange reserves grew by USD 293-million to USD 282.84-billion from the week before's USD 282.55-billion.

US loses 54,000 jobs, Obama promises new package

Sat, 04 Sep 2010 06:12:03 GMT

As the US lost 54,000 jobs last month, President Barack Obama promised a new package of ideas next week on job creation and lashed out at Republicans for blocking a legislation to help small business.

BP spill costs hit $ 8bn as crews unearth clues

Sat, 04 Sep 2010 07:37:10 GMT

British oil giant BP has spent $ 8 billion to battle the Gulf of Mexico disaster, the company has revealed as its crews retrieved key evidence from the seabed.

Infosys open to foreigner as chief: Murthy

Fri, 03 Sep 2010 19:13:51 GMT

Infosys chairman and chief mentor Narayana Murthy on Friday said the company is open to a foreigner becoming his successor.

Sebi floats new rules to curb price volatility

Fri, 03 Sep 2010 19:18:14 GMT

Market regulator Sebi on Friday said that trading of shares of companies going for a merger, demerger or a change in capital structure will have to be done in a price range for the first 10 days of post-restructuring, in a move aimed at curbing volatility in trading of these scrips.

I failed to foresee subprime crisis: Bernanke

Fri, 03 Sep 2010 19:31:21 GMT

Ben Bernanke, who told Congress in 2007 that the subprime mortgage crisis was likely to be contained, said on Thursday that he had failed to recognize flaws in the financial system.

'India is a core strategic market for StanChart'

Fri, 03 Sep 2010 19:20:38 GMT

Switching over to banking from FMCG may not be the career path a sales manager in the consumer goods space would choose for himself.

US stocks rise after payrolls data

Fri, 03 Sep 2010 15:52:55 GMT

Wall Street advanced on Friday after a better-than-expected jobs report lifted investor optimism on the economy but gains were checked after data showed services sector activity slowed.

Rupee gains 8 paise to 2-week high against US dollar

Fri, 03 Sep 2010 13:45:40 GMT

The Indian rupee gained another 8 paise to end at a two-week high of 46.64/65 against the US dollar on Friday on selling of the American currency by exporters and banks.

Yatra.com launches maiden charter flight

Fri, 03 Sep 2010 15:27:34 GMT

Travel portal, Yatra.com on Friday launched its maiden charter flight to Andaman from the city with leisure tourists onboard the flight under the Amazing Andaman holidays' package.

SBI mulls merger of other associate banks

Sun, 05 Sep 2010 06:28:34 GMT

State Bank of India (SBI) is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years.

Google search results under the lens

Sat, 04 Sep 2010 19:36:37 GMT

The Texas attorney general has opened an antitrust investigation into how Google ranks search results, the first United States case to strike at the heart of the company's main search business.