New pvt banks set to hike transaction fees
After having developed alternative channels of banking, the new private banks are planning to pack the traditional route of high-cost, branch banking with disincentives.
Mallya raises stake in Herbertsons to 36%
WHETHER it can be called a victory for liquor baron Mr Vijay Mallya in his quest for control of Herbertsons Ltd, the country's third-largest spirits company, is debatable. Mr Mallya has, however, managed to raise his equity stake in Herbertsons ...
Market loses ground on profit booking
AFTER the gains in the last couple of trading sessions, stock prices lost ground on profit booking on Tuesday. Major index stocks witnessed across the board selling, but late buying helped the indices move up from the day's low levels. The ...
Mobile operators block facility to hide caller ID
MUCH to the discomfort of cellular subscribers across the country, mobile operators have started blocking the facility that enables them to hide their phone numbers while making a call. This follows concerns raised by the security agencies, ...
Banks defer plans for ECB funds
WITH little demand for foreign currency funds, banks have deferred their plans to raise funds through the external commercial borrowings (ECBs) route. Banks are allowed to raise up to 25 per cent of their Tier I capital through ECBs to augment ...
Technical colleges One-third of supernumerary seats reserved for children of Gulf NRIs
THE All-India Council for Technical Education (AICTE), which is a regulator of technical education, has now ruled that one-third of the 15 per cent supernumerary seats across different disciplines in an educational institution offering technical ...
Cable operators threaten to black out Indo-Pak matches
WITH just two days to go before the historic cricket series between India and Pakistan commences, the uncertainty surrounding its broadcast in India continues. Officials of Prasar Bharati, the national broadcaster, are making their last-ditch ...
Ranbaxy turns billion dollar co
RANBAXY Laboratories Ltd has achieved its vision of crossing the billion-dollar mark by 2004. During February, the global sales of the company touched $1billion (on a moving annual total basis). According to a company statement, "In the year ...
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