'For those seeking regular income, these funds provide a steady stream of income through dividends.'
The 67-year-old former Goldman Sachs banker, who has been the chairman of the UK taxpayer-funded licence fee-backed British Broadcasting Corporation (BBC), said the investigation found he had breached the governance code for public appointments.
Unlike the new private sector lenders, BoR employees' wages are still governed by the industry wage package negotiated by the Indian Banks Association with bank staff unions.
Ahead of a generational leadership change in China's ruling Communist Party of China at its key Congress on November 8, the party on Friday expelled disgraced leader Bo Xilai and ordered his trial for shielding his wife's involvement in the murder of a British businessman.
His agent Bo Gustavsson told Reuters he had passed away Monday morning.
The fate of ousted Chinese leader Bo Xilai's wife, who was accused of poisoning a British businessman to death, appeared sealed as four top police officers on Friday admitted covering up the murder a day after her trial ended.
An ex-police chief, who triggered a major political scandal in China by exposing the role of disgraced Communist Party of China leader Bo Xilai's wife in the murder of a Briton, stood trial for the second and final day on Tuesday, with prosecutors seeking a lighter sentence for him, saying he cooperated with investigators.
Purged Chinese Communist leader Bo Xilai could face criminal charges for blocking investigations into the death of British businessman Neil Heywood, as Whitehall mounted pressure on Beijing to probe the matter.
Reports of a factional feud in China's powerful ruling Communist Party over the purge of charismatic leader Bo Xilai, known for his radical Maoist views, have been discounted by the state-run media which said "stir" over his ouster will fade soon.
A group of veteran Communist Party of China (CPC) members have written to Hu asking for the sacking of leading politician Zhou Yongkang, who is the ninth member of the all powerful Standing Committee of politburo of the party, which rules the country, BBC reported.
ICICI Bank's move to amalgamate Bank of Rajasthan (BoR) with itself at a 1:4.72 ratio indicates the bank would pay a premium of 89.4 per cent to Bank of Rajasthan's closing stock price on Tuesday.
Among the 30 Sensex companies, Kotak Mahindra Bank, Asian Paints, Reliance Industries, ITC, Sun Pharma, ICICI Bank, Axis Bank and JSW Steel were the major laggards. Larsen & Toubro, Tata Motors, Maruti, NTPC, Mahindra & Mahindra and UltraTech Cement were among the gainers.
A forensic probe has been ordered into alleged irregularities by the department of financial services.
The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said. Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Eicher Motors and Tata Motors are some of the big names in the list and the next phase of voting," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
Cricket, time travel, artificial intelligence, haunted homes, World War II -- it's all there on OTT this week.
The boards of ICICI Bank and Bank of Rajasthan put their seal of approval on the share exchange formula arrived at last week, when India's largest private sector lender announced the move to amalgamate BoR with itself.
China's intriguing scandal relating to Bo Xilai took a new turn with revelations that Briton Neil Heywood murdered by the expelled Communist Party leader's wife was a spy working for British secret service - MI6.
This is the fourth time in three decades that Aamir Khan and Akshay Kumar have had movie releases on the same day.
A Chinese forensic scientist has cast doubt on the official version of the death of a Briton, which triggered a huge political scandal, ending the career of senior Communist Party leader Bo Xilai, whose wife has been convicted of poisoning the UK businessman.
BoA has given formal approval to 15 special economic zones, including those of TCS and Cognizant, and in-principle nod to five, Commerce Secretary and BoA Chairman G K Pillai told reporters after the meeting in New Delhi.
The politically sensitive murder trial of Gu Kailai, the wife of disgraced senior Chinese Communist Party leader Bo Xilai, for allegedly killing a British businessman, would begin from August 9.
The ex-police chief at the centre of China's biggest political scandal in years that rocked the ruling the Communist Party ahead of a key party meet to select new leadership has been charged with defection to the United States and abuse of power, the state-media reported on Wednesday.
Brazil shocked and other big upsets at World Cup qualifiers played on Tuesday
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day.
Bank of Maharashtra's public issue of 10 crore (100 million) shares at Rs 23 per share has been oversubscribed by over 10 times.
Disgraced Chinese Communist Party leader Bo Xilai sprang a surprise on the first day of his high profile trial on Thursday by defiantly going back on his earlier testimony, calling a witness a "mad dog" and describing his wife's evidence against him as "laughable".
Senior Chinese Communist Party leader Zhang Dejiang, who replaced disgraced Bo Xilai as the party chief of Chongqing, was on Thursday elected as chairman of the country's Parliament.
Be it Dhoom, Singham or the Munnabhai franchise, there are certain stories that have tons more to say or solid cash cow potential and Bollywood is all for it.
The trial of disgraced Chinese leader Bo Xilai's wife Gu Kailai, who was charged with the murder of a British businessman, would test the credibility of Chinese judicial system, state-run media said in Beijing on Friday.
The promoters, instead, raised it to 63.15 per cent, while reporting they'd brought it down to 28.6 per cent.
"The 46th meeting of the BoA on SEZs to consider proposals for setting up of SEZs and other miscellaneous requests is scheduled to be held on May 31," it said.
Bank of India, the first public sector bank to establish a foreign branch, would open another five overseas offices and raise tier-II capital of Rs 300-500 crore (Rs 3-5 billion) to improve its capital adequacy ratio.
Gu Kailai, the wife of ousted Chinese leader Bo Xilai, has confessed in writing about her involvement in the murder of a British businessman, while four police officers admitted covering up the crime, state media reported on Friday.
Purged Chinese leader Bo Xilai ran a sophisticated bugging system that did not even spare his party boss and President Hu Jintao and this led to his downfall, the New York Times reported on Thursday.
Mass protests continued in south-western Chinese city of Chongqing, the base of the purged charismatic Communist party leader Bo Xilai, with the authorities maintaining that the upsurge had nothing to do with his axing.
Among the Sensex firms, HDFC Bank emerged as the biggest loser, falling 4 per cent. JSW Steel, Reliance Industries, UltraTech Cement, Maruti, Tata Steel, Wipro, Tech Mahindra, Bharti Airtel and Larsen & Toubro were the other major laggards. Power Grid, Asian Paints, Sun Pharma, Axis Bank, NTPC, ITC and Infosys were among the gainers.
The Indian duo needed just 35 minutes to beat Lu Ming-Che and Tang Kai-Wei of Chinese Taipei in the semi-finals of the Super 500 tournament.
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
