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Rei Agro

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Rice producer enters Punjab's retail sector

Rice processor REI Agro entered retail sector in Punjab region announcing to launch 50 more stores in the region with an investment of some 50 crore (Rs 500 million)in a year. REI Agro's Managing......

UBI slaps winding up petition against Kingfisher Airlines

Kolkata-based United Bank of India has filed a winding up petition against Vijay Mallya-promoted Kingfisher Airlines for failing to retire loans amounting to Rs 336 crore (Rs 3.36 billion), an......

Overseas investment by Indian firms at $2.28 bn in Nov

Overseas direct investment by Indian companies rose to $2.28 billion in November against $1.22 billion in the previous month, according to the Reserve Bank of India data released on Thursday. JSW......

PE investment in Indian firms crosses $5 bn

Private equity firms have invested over $5 billion in Indian companies so far this year, more than what entire 2009 saw.The PE companies, however, have also sold off shares worth about $2.5 billion......

Bankex helps Sensex recover, ends up 82pts

Following the weak global cues, the Sensex opened with a negative gap of 87 points at 14,788 and slipped further to a low of 14,622. The index thereafter tried to recover but was rangebound. In the......
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RBI wants bank clients to hedge against commodity price risk

MUMBAI: The Reserve Bank of India on Thursday nudged banks to extend their risk containment measures to goad clients exposed to commodity prices to... ...

http://economictimes.indiatimes.com/news/economy/policy/rbi-wants-bank-clients-to-hedge-against-commodity-price-risk/articleshow/47459724.cms
Rupee breaches 64 against dollar, closes at 2-week low of 64.03

5:00pm: The Indian rupee closes at 64.03 against dollar, marking its lowest close since 12 May, down 0.08% from its previous close of 63.98. The... ...

http://www.livemint.com/Money/BFhvJesiNPzhkauomn8lEL/Live-markets-Sensex-falls-120-points-Tata-Motors-down-5.html
Bad loans jumped 90 per cent in the Q4 as borrowers defaulting on restructured debt

MUMBAI: The worst fears of RBI Governor Raghuram Rajan on the restructuring of bad loans look to becoming true. Banks had sought to recast dodgy... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/bad-loans-jumped-90-per-cent-in-the-q4-as-borrowers-defaulting-on-restructured-debt/articleshow/47364390.cms
Banks fear loan default by commodity companies

MUMBAI: After infrastructure firms, it may be the turn of commodity companies to spoil Indian banks' balance sheets by defaulting on repayments of... ...

http://economictimes.indiatimes.com/news/economy/finance/banks-fear-loan-default-by-commodity-companies/articleshow/47349571.cms
RBI gives banks provisioning leeway for reporting frauds on time

Can stagger provisioning for fraud accounts in four quarters for reporting them in time; else have to do it in one shot Rising number... ...

http://www.dnaindia.com/money/report-rbi-gives-banks-provisioning-leeway-for-reporting-frauds-on-time-2087009

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