Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
Bank of Baroda plans to set up an offshore branch in Singapore, open another branch in Houston (Texas) in the US and a representative office in Thailand as part of plans to expand business overseas.
The Bank of Baroda on Thursday expressed its desire to acquire a bank in south or east India and said it was open to reduce the prime lending rate by 0.25-0.50 per cent.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Financial shares were the top losers.
Bank of Baroda's subsidiary Bobcards Ltd will slash the interest rate on its credit cards to lowest ever level of 1.49 per cent per month, a move that will trigger off another rate cut war among banks and card issuers.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
Bank of Baroda has decided to provide a 2 per cent interest subsidy on educational loans up to Rs 4 lakh (Rs 400,000) for higher studies.
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The rupee had earlier this month touched a life time low of 61.21 to a dollar.
India should opt for full convertibility of the Rupee, Lord Meghnad Desai, Member of the House of Lords said.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
Bank of Baroda has shelved its plan to induct a strategic partner in its wholly-owned subsidiary, Bobcards Ltd, even as the public sector entity plans to increase its ATM network to 500 by March 2004.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
The banking sector is set to move at a fast pace from hereon.
Bankers on Tuesday said the RBI's decision to hold key rates, coming after a decisive mandate received by the Narendra Modi government, was on expected lines and interest rates won't change even though the central bank's SLR cut infuses additional liquidity into the system.
Broader market underperformed the headline indices
Bank of Baroda on Monday cut its interest rates for loans upto Rs 50,000 for agriculture, SSI and other priority sectors.
An Indian national has been killed in a protest demonstration in Uganda prompting New Delhi to take up the matter with Kampala.
BoB's offer of a lower home loan rate to customers with credit scores of 760 and above makes it incumbent on everyone to pay heed to this all-important number.
Government to infuse funds in cash-strapped banks.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
The board of directors at its meeting held on October 22, approved the said appointments, the exchange said in a regulatory filing on Wednesday.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Nifty snaps 10-day winning streak
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
As the Jan-Dhan scheme completes a month since its official launch, reports coming in from various parts of the country suggest the stated target of 75 million new accounts will be achieved much before January 26 next year.
UTI's legacy and brand recognition, together with a robust distribution network and access to public sector money, could work in its favour, and help it command a premium
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
India's GDP for the three-month period ended September 30 grew 7.4%.
Union Bank of India, United Bank of India reduced base rates.
Raghuram Rajan's 'surgery' uncovers more bad loans
Flamboyant Australian Glenn Maxwell is expected to be a favourite, despite his under-whelming record, along with England's spin bowling all-rounder Moeen Ali, while Kerala's batting sensation Mohammed Azharuddeen could be in hot demand during a condensed IPL players' auction, to be held in Chennai, on Thursday.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Banks are seeking an order that Mallya should appear in person before the court.
The tri-series, also involving South Africa, is slated to be played from August 14 to 29 in Colombo.
Slow credit off-take to put pressure on margins
