Search Results for: Corporate Banking

Rupee Sinks To Record Low; India's Finance Minister Pranab Mukherjee Says Austerity Needed

The rupee on Wednesday closed at a record low of 54.49 against the U.S. dollar, prompting calls for quick government measures to curb volatility.

May 16, 2012

Budget Sitting Resumes in Parliament: Fate Of Lokpal Bill Remains Uncertain

The second phase of the Budget sitting started in Parliament on Tuesday as the opposition parties have already lined up a row of controversial topics to storm the session in House and the government desperately wanted to clear few crucial pending bills.

Apr 24, 2012

Pranab Mukherjee Clears Foreign Investors' Concerns Over India's Tax Amendments

Finance Minister Pranab Mukherjee addressing a gathering in Washington on Friday termed concerns of US investors over tax amendments in India as "unfounded".

Apr 21, 2012

BSE Sensex Falls Ahead of Long Weekend

The BSE Sensex fell by 0.45 percent in the opening trade on Wednesday because of the long weekend ahead. Traders are precautious, as the market will be closed on Thursday and Friday for holidays.

Apr 4, 2012

BSE Sensex Closes 2-weeks High; Lenders Anticipate Rate Cut

The BSE Sensex was up by 0.68 percent on Tuesday, its highest close in two weeks. Heavy Electricals (BHEL) gained after posting positive provisional earnings and lenders also expect the Reserve Bank of India (RBI) to cut rate this month.

Apr 3, 2012

Teachers Credit Union Now A Bank; Lenders Jack Up Fixed Mortgage Rate

Due to the rising dissatisfaction level among Australians with large banks, more people are bringing their business to credit unions. As a result of this change, a number of Aussie credit unions are becoming banks.

Apr 2, 2012

Analysts Say Big 4 Could Cut Rates In April Due to Lower Funding Costs

Lower funding costs would allow the big four to cut interest rates on loans in April, while still protecting their profits, analysts said on Friday.

Mar 30, 2012

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Treasury Considers Phase Out of Accelerated Depreciation for Some Industries to Attain Budget Surplus

The Treasury is studying the phase out of accelerated depreciation and research and development tax breaks for some industries for the Gillard government to deliver its promise of a budget surplus by 2012-13.

Mar 30, 2012

BSE Sensex Closes 1 Percent Down; Banks Lead Fall

The BSE Sensex gained over 1.2 percent in the previous session but it closed nearly one percent down on Wednesday. Banks lead the fall on worries of a rise in cost of funds and heavy government borrowing.

Mar 28, 2012

Karnataka: BJP Loses Udupi-Chikmagalur Lok Sabha seat to Congress

Giving a setback to the BJP party in Karnataka, Congress candidate, K Jayaprakash Hegde defeated BJP nominee V Sunil Kumar by a significant margin of over 40,000 votes in the Udupi-Chikmagalur Lok Sabha by poll. The by poll result was announced on Wednesday.

Mar 21, 2012