Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
While the jury's still out on whether US President Barack Obama's proposed stimulus is the right way to help fix the economy, rising unemployment is something that's likely to trouble the President for many years to come.
The offer values HBOS at 12.2 billion pound, which is based on Lloyds TSB's closing price on September 17, 279.75 pence, Lloyds said. Under the terms of acquisition, HBOS shareholders would receive 0.83 Lloyds TSB shares for every one HBOS share.
The top line is in trouble, but lower prices of inputs have helped companies salvage profitability. That's not helping their bottom lines though - net profits have slipped sharply.
Debt conversion formula will increase govt stake.
Dara Khosrowshahi has the Herculean task of repairing Uber's image, boosting employee morale and turning the business profitable for the world's most valued startup.
The government may scale down security of Kashmiri separatist leaders, who snubbed members of all-party delegation on Sunday.
Despite carmaker drama in the U.S., and a failed deal with Chrysler, China's auto champ may be poised to go international.
The classic Third Year or Mid-Term Problem has afflicted all but two prime ministers who have lasted a full term, give or take a few months this way or that, points out T C A Srinivasa-Raghavan.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
Defence PRO said that the forces have managed to restore normalcy in the areas they were deployed and have been continuously working to aid the civil administration.
Vikram Pandit may thank the TINA (There Is No Alternative) factor for still being in job as Citigroup CEO, as the US government reportedly did not push for his ouster in its rescue package for the troubled bank partly because there was no "obvious" successor.
Global investment banking and securities firm Goldman Sachs has expressed interest in acquiring equity in Delhi-based SpiceJet even as top sources said talks for a merger with Kingfisher Airlines are on track.
Magsaysay Award winner and social activist Sandeep Pandey on Wednesday rued continued imposition of 'draconian' Armed Forces Special Powers Act and other 'black laws' in conflict-ridden north-east India and Jammu and Kashmir.
Union Ministers Arun Jaitley and Venkaiah Naidu have also spoken to Thackeray.
The domestic unit moved in a range of 64.14 and 63.99.
Sahara relied on a letter from bank saying the funds were there.
The troubled Lotus Formula One team were locked out of their paddock hospitality at the Japanese Grand Prix on Thursday while freight, including engines, was also held up by payment problems.
The Supreme Court says the 'whole exercise appears to be an eyewash'.
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Tips from five young entrepreneurs who made fortunes fast.
While investors' money is going down the drain, merchant bankers are drawing fat pay packages.
Here's what you can do to keep your gadget safe.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
Keep regular track of financials, including cash flow and management changes
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
In the United States, economic data is likely to take a back seat next week.
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
If you do not overspend, we advise you to get yourself a credit card. It will open up a whole new world of benefits.
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The company had reported a net loss of Rs 650.78 crore (Rs 6.5 billion) in the same period a year-ago, Kingfisher Airlines said in a filing to the Bombay Stock Exchange.
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
'If you want to live a happy life, you have to help the downtrodden. You have to understand that you have been given a position which is a confluence of your own capability and the grace of God. You must use that position to exemplify to others what has to be followed.'
Yateendranath Shetty on his cousin Aishwarya Rai.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.
The concept of gold as an asset capable of getting anytime money is evaporating.
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