Normura which acquired the back-office operations of Lehman Brothers in India, will reoperationalise unit only by January 2009.
The central government finances during the first half of 2008-09 may have witnessed buoyant tax collections but key deficit indicators…
Indian money markets appeared bullish on Thursday. Various factors like a drop in the inflation rate, large scale government spending…
With G-Sec yields having slided significantly in past few weeks, the gap between the yields of corporate bond and government…
While the money markets were shut on Thursday, on account of terror attacks in Mumbai, there was lukewarm response on…
In a bid to extend its footprint into the Indian market, German bank Norddeutsche Landesbank plans to set up wholesale…
Standard & Poor’s, in collaboration with India Index Services & Products Ltd and the National Stock Exchange of India Ltd,…
Auditing and consulting firms PricewaterhouseCoopers and KPMG are working with the Reserve Bank of India and the Indian Banks’ Association…
Scrapping its retail banking plans, French major, BNP Paribas now plans to set up a non-banking financial company in India.
A concerted effort by all key financial sector regulators, policy makers and other intermediaries to proactively alleviate the liquidity situation…
With the Reserve Bank of India slashing the repo rate by a good 100 basis points and the government auction…
With the Reserve Bank of India pumping in Rs 60,000 crore by slashing the cash reserve ratio by 150 basis…
With banks facing a severe liquidity squeeze, they have started borrowing heavily through the repo window of the central bank.
The market is known to be a great leveller. And right now, high-flying executives with top-rung banks will be experiencing…
In a significant endorsement of the decision to introduce a currency futures market in India, the sharp rupee volatility has…
Sri Lanka. What comes to your mind when you hear this? The 12,000-run strong Jayasuriya, Ceylon tea, the picture-perfect Negombo…
Ending days of suspense over the buyout of Lehman Brothers business in India after the investment bank filed for bankruptcy…
Although the negative BBoP is putting pressure on the rupee , we believe the recent sell-off, largely due to US…
