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    1. Business News
    2. Authors
    3. bankingbureau

    Banking Bureau

    ABN Amro is sole adviser to Sterlite Inds in Asarco deal

    ABN Amro has acted as sole financial advisor to Sterlite Industries for the proposed acquisition of Asarco LLC. The acquisition…

    By Banking Bureau
    June 4, 2008 23:24 IST
    HSBC India net profit rises 41% in FY08

    Net profit for the Indian operations of Hongkong and Shanghai Banking Corporation in 2007-08 has risen by 41% to Rs…

    By Banking Bureau
    June 4, 2008 23:17 IST
    Despite controversies, Olympics ?08 to be profitable

    Though the Beijing Olympics is likely to run up a bill of significantly over $20 billion, the most expensive games…

    By Banking Bureau
    June 4, 2008 23:02 IST
    RBI allows hedging in crude oil

    In order to enable domestic crude oil refining companies to hedge their risk exposures, Reserve Bank of India has decided…

    By Banking Bureau
    June 4, 2008 22:43 IST
    Energy firms can invest more abroad

    Indian companies have been allowed to invest more than 400% of their net worth in energy and natural resources sectors…

    By Banking Bureau
    June 4, 2008 00:02 IST
    RBI wants boost for farm sector

    Reserve Bank of India has urged Indian banks to evolve products, processes and have in place people with capacities to…

    By Banking Bureau
    June 3, 2008 23:17 IST
    Re starts on a positive note but turns bearish

    On Monday, the rupee showed high volatility against the US dollar on account of good demand from importers and a…

    By Banking Bureau
    June 3, 2008 23:16 IST
    Banks, Nabard kickstart debt waiver scheme

    SBI?s s Jamli rural branch in Mandhya Pradesh has issued fresh loan eligibility letters to farmers under the scheme OP…

    By Banking Bureau
    June 3, 2008 23:14 IST
    Dabur forms gen insurance JV with Liberty Mutual Grp

    Liberty Mutual, through one of its fully owned subsidiaries, will initially hold a 26% stake in the new company, while…

    By Banking Bureau
    June 3, 2008 23:10 IST
    Damodaran joins ING as chief representative

    Meleveetil Damodaran, former chairman of the Securities & Exchange Board of India has joined Dutch financial services giant ING as…

    By Banking Bureau
    June 3, 2008 22:57 IST
    RBI tightens NBFC cap adequacy norms

    In a bid to prevent any financial irregularities and make the non-banking financial companies safer, the Reserve Bank of India…

    By Banking Bureau
    June 3, 2008 00:46 IST
    Bengal job for BPL cover goes to NIC

    The West Bengal government has selected National Insurance Co Ltd, the Kolkata-based insurer, to roll out the Rashtriya Swasthya Bima…

    By Banking Bureau
    June 1, 2008 22:10 IST
    FM asks bankers for transparency in loan waiver

    FM P Chidambaram has asked bankers to check accuracy and integrity of the statements being made by the agricultural borrowers…

    By Banking Bureau
    June 1, 2008 22:00 IST
    Oil bonds to get more value

    In a further relief to oil marketing companies, the Reserve Bank of India has decided to put in place a…

    By Banking Bureau
    May 31, 2008 21:06 IST
    RBI revises funding norms in subsidiaries

    The norms governing the treatment of banks? investment in their subsidiaries and associates, and the investments by the banks? subsidiaries…

    By Banking Bureau
    May 31, 2008 21:04 IST
    Forex reserves climb to $316.2 bn

    India?s foreign-exchange reserves rose $2.09 billion to a record $316.2 billion in the week ended May 23, the central bank…

    By Banking Bureau
    May 31, 2008 00:57 IST
    Bring unorganised sector in financial inclusion fold: RBI

    The RBI placed a report of an Internal Working Group set up to examine and to suggest a way forward…

    By Banking Bureau
    May 31, 2008 00:55 IST
    Rupee gains after ECB relaxation

    The rupee touched a two-week high against the dollar, reversing five weeks of losses, as the government a day earlier…

    By Banking Bureau
    May 31, 2008 00:28 IST
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