Apart from SBI, the consortium will include leading entities like Citibank, Standard Chartered, BNP Paribas, JP Morgan, Tokyo Mitsubishi UFJ and Mizuho Financial Group, a source closely connected to the development told PTI. The country's largest lender is also in talks with two-three public sector banks to be a part of the consortium, the source said. The company reported a loss of $12.7 billion for the fiscal ended December 30, 2006.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
'If a bloodbath of this nature can occur in a high security area like Gulshan, I shudder to think how vulnerable other parts of this country are.'
The market capitalisation of BSE-listed companies surged to Rs 98,11,322 crore.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
Can the poll outcome be a trigger for a meaningful correction?
In a move to soften the blow of Lehman Brothers' bankruptcy in the Indian stock and asset markets, four banks are set to take over its structured products businesses in India.
Maria Sharapova is renowned for her sheer determination in the face of adversity but in Singapore on Saturday, the Russian was quick to cast doubt over her chances of winning the WTA Finals after an injury-ravaged second half of the season.
Take part in the unique ATP contest, where you pick the winners of every match in every round and stand a chance of winning prizes.
Japan's Naomi Osaka claimed her first career title with a commanding 6-3, 6-2 victory over Russian Daria Kasatkina in a battle of 20-year-olds at the BNP Paribas Open on Sunday.
The increase in home-grown radicalised Islamic groups and the rise of Islamic State and Al Qaeda in Bangladesh should be a matter of worry for India, which shares a 4,100 km border with its eastern neighbour, says Rajeev Sharma.
But trading through the route still a minuscule portion of total turnover
The 30-share index ended higher by 481.16 points or 1.91 per cent at 25,626.75 -- its highest closing since January 1.
Foreign investors, according to them, will now wait-and-watch how the economy takes shape in the backdrop of doubts over monsoon, interest rate trajectory and other global events such as the US - China trade war.
Conservative industry estimates place the cash component of mutual fund houses at Rs 25,000 crore (Rs 250 billion). Fund houses had up to 15 per cent in cash, as per the April 30 figures. The cash component exceeded 15 per cent in as many as 30 diversified equity growth funds.
Angelique Kerber displayed her grit and vaunted fitness as she battled back to beat France's Pauline Parmentier 7-5, 3-6, 7-5 in scorching heat on Monday to reach the fourth round of the BNP Paribas Open.
Sania Mirza and her Czech partner Barbora Strycova stormed into the quarter-finals of the BNP Paribas Open 2017 tennis tournament with a straight-set win over their opponents in the women's doubles at Indian Wells.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Big-serving Canadian Milos Raonic made a strong return to competition on Friday by beating Viktor Troicki 6-3, 7-5 to reach the third round of the Miami Open.
Vodafone-Essar, the leading GSM operator is raising around $500 million (Rs 2,000 crore) through overseas borrowing. This is the first fund raising by the telecom major after British telecom major Vodafone acquired a majority stake.
World number two Novak Djokovic hammered Swiss Stanislas Wawrinka 6-1, 6-4 to reach the Paris Masters semi-finals on Friday.
Naomi Osaka has witnessed a huge change in her career after claiming a maiden Grand Slam title in 2018, but the rising star of women's tennis will not be changing her quirky personality in media appearances that has endeared her to so many.
Mutual funds are all set to capture the buoyancy in the energy sector. The latest to join the bandwagon is Sundaram BNP Paribas Mutual Fund, which is coming out with a three-year, closed-ended new fund offering 'The Energy Opportunities Fund'. The fund will invest in equity and equity-related instruments of companies focussed on the energy space or those directly or indirectly benefiting from it.
Mutual fund houses are bullish on the financial sector, notwithstanding the recent beating at the stock market. Fund houses like Kotak Mahindra AMC, Sundaram BNP Paribas & LIC Mutual Fund have drawn up plans to introduce products aimed at the financial services sector. Bank stocks for long had been one of the favourite picks for many fund managers. There was a slowdown in valuations of financial sector stocks but Indian corporate entities still continue to remain attractive.
The Ruias have received overwhelming response from international banks for funding of their proposed bid to pick up Hutchison's 67 per cent equity stake in Hutchison-Essar Ltd, in which they hold the remaining stake.
Tennis great John McEnroe finds it hard to believe that Maria Sharapova was unaware she was taking a banned drug that led to her suspension, the seven-time Grand Slam champion said on Saturday.
The Davis Cup final between Belgium and Britain will go ahead despite Brussels being placed on maximum alert over the threat of an imminent attack, local organisers and the International Tennis Federation said on Monday.
Finance Minister P Chidambaram has invited French companies to expand their activities in India, particularly in the infrastructure sector. \n
Over 12,700 participants from 91 countries are expected during the one-week contest, which features a variety of athletes - young and old, male and female, straight and gay.
World No 3 Maria Sharapova withdrew on Monday from the end-of-season WTA Championship in Istanbul due to the shoulder injury that also kept her out of the US Open.
The Essar Group is raising $3.59 billion (Rs 14,360 crore) against its 33 per cent stake in Vodafone-Essar. The loan will be the largest fund-raising through the share monetisation route by an Indian company.
Experts find it difficult to predict a bottom for the bourses.
Srei Infrastructure Finance last month sold 50 per cent stake in a part of its business equipment financing arm to France's largest bank BNP Paribas for Rs 775 crore
Paes-Damm went down fighting against Jeff Coetzee of South Africa and Rogier Wassen of Netherlands 6-3, 6-7(5), 9-11 in the first round match in Paris on Monday.
Shares of power, IT, tech, utilities and capital goods firmed up
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Rediff.com gives you a quick flashback, in pictures of the month gone by...
Sundaram Select Small Cap Fund is one of the few NFOs that offer some unique features to the investors which will be beneficial to them in the long run.
'Trading is about psychology; 75% of it is about keeping your emotions in check.'
Can, and has, increased its cash levels in turbulent markets
