Mid-size PSBs match pvt banks in loan growth
A COUPLE of mid-sized public sector banks have matched private banks in terms of loan growth in the first half of this fiscal. Banks such as Allahabad Bank, State Bank of Bikaner & Jaipur, Union Bank of India, Indian Overseas Bank and State ...
Chinese firm gets FIPB nod for motorcycle engines plant
IT'S now official. The Chinese dragon is finally all set to get a toehold in the Indian two-wheeler market. After several rejections, the largest private sector motorcycle manufacturer in China, Chongqing Lifan Industry (Group) Company Ltd, has ...
Indian mid-cap cos catch LSE's fancy
THE London Stock Exchange (LSE) is the latest to jump on the Indian mid-caps bandwagon. Mid-cap companies whose scrips are being chased by investors - ranging from retail to FIIs - are now being sought after for listing on LSE's trading ...
Management buy-outs gaining ground in India
MANAGEMENT buy-outs (MBOs) may not exactly be the rage in India, unlike the West where MBOs have a much better success rate than strategic buy-out deals. The concept, though, is fast gaining favour here, with a flurry of big-ticket foreign ...
Reliance refutes BSNL charges on routing of ILD calls
THE Reliance Group Chairman, Mr Mukesh Ambani, on Saturday refuted charges made by Bharat Sanchar Nigam Ltd (BSNL) that the state-owned company was losing revenues as a result of Reliance Infocomm's international long distance (ILD) services. ...
UCO Bank hikes deposit rates
UCO Bank has raised the interest rates on term deposits by 25 to 50 basis points for most maturity periods, according to a press release. While the interest rate on term deposits with maturities of seven to 14 days remains unchanged at 4 per ...
Andhra Bank raises deposit rates
ANDHRA Bank has revised interest rates upward on domestic and NRE (non-resident external) term deposits. While the hike is between 50 and 100 basis points on domestic deposits, it will be 40 to 60 points on NRE deposits. The new rates will be ...
Petro price hike adds to woes of FMCG, consumer durable cos
IT is like the proverbial cup of woes running over. Even as FMCG companies have been trying to absorb the steep input cost increases over the last three to four months, the Government's decision to hike petroleum and diesel prices appears to be ...
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