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RBI sets terms for PNB, Nedungadi Bank merger
THE Reserve Bank of India today unveiled to public a draft scheme to merge the Kerala-based Nedungadi Bank with Punjab National Bank (PNB). The scheme would be available to the public from both the banks. The proposed scheme of amalgamation ...
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Nedungadi staff elated
THERE was a sense of relief among the staff and depositors of the Kozhikode-based Nedungadi Bank. "The interest of both the depositors and the employees are fully taken care of in the present scheme of amalgamation'' the Nedungadi Bank Chairman, ...
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Positive impact on Indian currency seen — Moody's upgrade likely
The review was primarily based on the substantial strengthening of the country's external financial situation.
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Kelkar hints at changes in report
DR Vijay Kelkar, Advisor to the Finance Minister, today gave an indication that his panel on direct and indirect taxes would look at incorporating changes or even dropping some of the recommendations made in the Consultation Paper, considering ...
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Film-makers have a field day in Pollachi
HOW many times you must have seen the ad on the idiot box! A rustic Aamir Khan spouting earthy Punjabi to a bunch of thirsty girls who stumble onto his sugarcane field after their car breaks down on the highway. Their joy knows no bounds when ...
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Microsoft has mega plans for HiTec City unit
MICROSOFT Corporation has announced plans to grow its India Development Centre (MIDC), currently located in the HiTec City here, to its largest facility outside the US. This will involve an investment outlay of Rs 500 crore over the next three ...
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Petro prices set to soften
CONSUMERS can heave a sigh of relief with the oil marketing companies set to reduce the prices of petrol and diesel in line with the recent softening in global crude prices. "I am happy that international crude prices have fallen. So, if the ...
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