With a view to tame the inflation -- 8.66 per cent in April -- the RBI has increased its key rates eight consecutive times over the past 12 months, the last being the higher-than-expected 50 bps hike on May 3.
Two-time champion and Delhi Commonwealth Games gold medallist John Kelai of Kenya will be the cynosure of all eyes in the upcoming Standard Chartered Mumbai Marathon, to be held on January 16. Kelai, who triumphed in the men's event in 2007 and 2008, is expected to face stiff competition from 2000 Sydney Olympics bronze winner Tesfaye Tola of Ethiopia, Oleg Kulkov of Russia besides compatriots Kiprono Just Kipchirchir and Evans Rutto.
The prize-money for the eight edition of th eevent, which has retained IAAF Gold-label status, has been increased by US $15,000 and will be US $3,25,000.
The Standard Chartered Bank is set to ask three of its executives to go on leave following complaints made by a few high net worth clients on mis-selling of products.
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Diageo, which recently coughed up a total of Rs 18,000 crore (Rs 180 billion) to take majority control of USL, seems to have a lot of faith in him.
Just as investors abroad can participate in Indian companies' issues through the American Depository Receipt and Global Depository Receipt route, Indian investors can now invest in foreign companies through the IDR. Standard Chartered Bank will be the first IDR issue, opening May 25.
Banks and financial institutions have proved to be the only ones in corporate India's otherwise dismal gender diversity performance, according to a report published by Standard Chartered Bank.
The agency has registered the FIR after a preliminary enquiry on a complaint from the oil ministry.
The RBI has been tightening key benchmark rates since November last year as the country started recovering from the impact of the global economic slowdown.
For Steve Bertamini, group executive director and chief executive officer, global consumer banking at Standard Chartered, India is one of the most important markets.
Bikash Mohapatra chats up with Australian athletics legend Cathy Freeman, event ambassador for the Standard Chartered Mumbai Marathon.
Maria Polyzou, the Greek national marathon champion and vice-president of SEGAS, who brought the prestigious Marathon Flame to the city, was excited about her journey to the city.
The number of Singapore-based companies setting up operations in India, about 350 at present, will double in the next five years, a senior executive of the Standard Chartered Bank in Singapore said.
India is set to emerge as the world's third largest economy by 2030.
For the first time since its inception eight years ago, the US $325,000 Standard Chartered Mumbai Marathon will be run on January 16 without the blessings of the Athletics Federation of India. 'They have been invited but there's what I will call a lack of response. But the marathon has the gold label status from the IAAF (international athletics body),' said race director Hugh Jones at a media conference in Mumbai on Tuesday.
Indian depository receipts (IDR) are set to get going after a long gestation period of six years with Standard Chartered Bank filing a red herring prospectus to raise up to $750 million.
At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
Loss of sight after suffering a paralytic stroke more than a decade ago has not dimmed the enthusiasm of Kenyan long distance runner Henry Wanyoike. In fact, he has overcome enormous odds to live an athletics dream. 'I lost my sight, but not my vision. I have achieved without sight what I dreamt when I could see,' said the visually impaired Wanyoike, ahead of his participation in the Standard Chartered Mumbai Marathon this Sunday.
Faced with a rising number of customer complaints on excessive charges, the Reserve Bank of India has asked the Indian Banks' Association to come up with guidelines on what the reasonable charges should be.
The city on Sunday became the first-ever destination, outside Europe and the United States, to host the "Marathon Flame" in the lead up to the seventh Standard Chartered Mumbai Marathon to be held on January 17.
It's good news for those who fly frequently. They can avail of some interesting offers from their credit card companies, including co-branded airline cards, zero per cent interest on ticket repayments and even free tickets in a few cases.
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
Bigger companies are signing equity JVs with global investors.
In view of India's faster industrial growth and improved business confidence, UK-based Standard Chartered Bank (SCB) on Tuesday revised upwards its forecast for the country's economic growth to 8.1 per cent for the current fiscal.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
Post the transaction, Tata Motors will own 40 per cent stake in Telcon, while Hitachi will have 60 per cent, the company said.
Plastic money that lets you buy almost everything by just swiping the card can also turn out to be your worst nightmare.
India story, pressure to invest are driving spurt in PE activity.
Images from the Mumbai Marathon, held on Sunday.
African runners are expected to steal the show in Sunday's $310,000 prize money 7th Standard Chartered Mumbai Marathon.
Daniel O'Brien, regarded as the greatest decathlete of the 1990s, says the marathon is similar to the decathlon when one completes it. 'It is a great feeling of accomplishment.'
The government's showcase Indian Infrastructure Finance Company Ltd has run into trouble with two leading global banks - Standard Chartered Bank and Calyon Credit Agricole - suggesting that they may not fulfil collective contractual funding commitments of $250 million
Standard Chartered Plc's Rs 2,760-crore (Rs 27.60 billion) maiden Indian depository receipt (IDR) issue got a robust demand from investors on the final day of the offer on Friday and got subscribed a good 2.19 times with most of the bids coming in from qualified institutional buyers (QIBs).
Investment banking star and Moelis India Chief Executive Officer Manisha Girotra remembers a colleague who wanted to resign because she needed to attend to her parents' health issues in a different state. Rather than quit a promising career, she was given the flexibility of working from home on Fridays, which was unusual in the pre-pandemic days. This allowed her to take care of her parents' visits to the doctor and other health-related needs without quitting her job. She would be back in the city office on Mondays.
Participants from Indian sub-continent expect their average wealth to grow to $9.07 million in 2010.
Bank FD rates are expected to go down in the near future. Lock in now if you want stability as well as returns
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Analysts see FY16 CAD at 0.5-0.6% of GDP.
Having cleaned up their credit card portfolios and sensing a change in the economic environment, issuers such as SBI Cards, Standard Chartered and HSBC are seeing an increase in their credit card base at a marginal pace.
Kenya's Denis Ndiso and Ethiopia's Bizunesh Mohammed won the men's and women's titles respectively in the $310,000 seventh Standard Chartered Mumbai Marathon on Sunday.
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