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Consumer stocks losing out to industrial ones as market corrects

Foreign investors are also getting cautious on emerging markets including India.  Consumer stocks have been the clear losers in what has been the biggest market correction in the recent times.......

Rajya Sabha chairman rejects Mallya's resignation

Liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, is all set to be expelled from the Rajya Sabha as Chairman Hamid Ansari on Tuesday turned down his resignation on......

House panel recommends Mallya's expulsion from RS

Independent member of Parliament and liquor baron Vijay Mallya is all set to face expulsion from Rajya Sabha, with a Parliamentary panel examining the matter related to his alleged loan default of......

Loan to Kingfisher: CBI names 5 IDBI Bank executives

  There was a slew of meetings between Mallya and key bank executives as the Kingfisher Airlines was going under Five serving and former executives of the IDBI Bank, mentioned in a probe......

Why private bankers prefer giving top jobs at public banks a miss

One of the reasons why private bankers don't head a public sector bank is the lack of autonomy, according to banking industry experts. Earlier this year, a large public sector bank (PSB) with a......

Two IDBI Bank entities lose chief executives

IDBI Federal Life Insurance managing director (MD) & chief executive officer (CEO) G V Nageswara Rao is leaving at the end of this month.  Sanjay Sharma, chief executive and managing director......

IDBI Bank waives all service charges

Paying for facilities like issuance of demand drafts, cheque books, credit or debit cards and ATM interchange may soon become passe as public sector lender IDBI Bank on Wednesday waived-off all......

FinMin list ready for CMDs, EDs at 11 banks

M V Tanksale of Punjab National Bank may head Punjab & Sind Bank and R M Malla of the Small Industries Development Bank of India may take charge at IDBI Bank if the Central Vigilance Commission and......
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Falling interest rates could have an impact on insurance premiums and bonuses

Lower yields on fixed-interest assets may make it challenging for companies to meet any existing investment guarantees With the overall trajectory... ...

http://www.livemint.com/Money/Smyhd92nx66Q8MR4yE5TQL/Falling-interest-rates-could-have-an-impact-on-insurance-pre.html
CONSENSUS CALL SBI, Canara Bank Expect At Least 25 Basis Point Rate Cut

The six-member Monetary Policy Committee began its deliberations today amid widespread expectations of at least 25 basis point cut in the policy... ...

http://www.bloombergquint.com/global-economics/2016/12/06/sbi-canara-bank-expect-at-least-25-basis-point-rate-cut-tomorrow
Tata Asset Management CIO Ritesh Jain resigns

A Tata Asset Management spokesperson said it was not yet known where Ritesh Jain is headed, adding the firm will soon start looking for a successor... ...

http://www.livemint.com/Companies/YPFXaGxqG52S2hrnr4xt9H/Tata-Asset-Management-CIO-Ritesh-Jain-resigns.html
Nifty has support at 8,055-7,952 levels amid high volatility

Nifty is likely to remain highly volatile and would take cues from upcoming major trigger of RBI Policy, US Fed's decision on change in its... ...

http://economictimes.indiatimes.com/markets/stocks/news/d-st-week-ahead-nifty-has-support-at-8055-7952-levels-amid-high-volatility/articleshow/55802614.cms
Traffic snarls as toll tax restarts in Mumbai

Long queues greeted motorists heading in and out of Mumbai on Saturday morning as toll plazas started collecting tax at the five entry points three... ...

http://www.hindustantimes.com/mumbai-news/traffic-snarls-as-toll-tax-restarts-in-mumbai/story-mabK14yq1XzjEzWh6sQ0bK.html

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