Banking stocks led by SBI, ICICI Bank, Bank of Baroda, PNB, Kotak Bank, HDFC Bank, Axis Bank, Federal Bank and Yes Bank fell as much as 2.77 per cent.
Kolkata Port Trust, the second largest port authority in the country, would be going in for a complete revamp of its operations in its drive to raise productivity.
"Clearly there is a slowdown in the number of deals. . . interest rates have gone up from eight per cent in the past to now 12 per cent and prices too have gone up but an asset bubble is not there," ICICI Bank Joint Managing Director Chanda Kochhar told PTI. She said that a correction was expected as the present slowdown was in number of deals and not so much in prices.
In an interview, Kochhar talks about how ICICI Bank had sensed the substantial rise in cross-border acquisitions by Indian companies and accordingly established presence overseas.
'I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,' says S Muraleedharan, former managing director, BNP Paribas.
On a standalone basis, the bank posted 17 per cent rise in net profit at Rs 2,655 crore.
Finance Minister Arun Jaitley who is in Davos to showcase India as an investment destination at the World Economic Forum (WEF), on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
American technology giant Apple's chief executive Tim Cook on Wednesday met ICICI Bank's top brass at the country's largest private sector lender's corporate headquarters in Mumbai.
Such is her faith in ICICI Bank, its joint MD continues to invest all her savings in the bank's stock and remains unfazed by the hammering it has taken.
Sukanya Verma looks at the handful of occasions when Bollywood believed sky was the limit.
A badly made film with weak script and average music. Only Vijay's fights make impact in this otherwise shabby film.
P Harikrishna lost the crucial third board to see India go down to Ukraine at the Chess Olympiad
The ICICI board is looking to the retired petroleum secretary to provide 'maturity and sagacity'.
Despite the Finance Minister asking public sector banks not to hike home loan rates, top private sector lender ICICI Bank, accounting for 30 per cent of home loans, has said all lenders would have to increase rates for their own survival.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
Kiran Mazumdar-Shaw, chairman and managing director of Biocon, Chanda Kochar, executive director of ICICI Bank and Vidya Chhabria, chairman of Jumbo Group
Himesh Reshammiya has reportedly bought the remake rights of the film.
"We always do not jump to hike in lending rates. We will see the overall impact before taking a call." \n
The raids are underway at three locations, including her residence in Sainik Farm. Misa Bharti and her husband Shailash Kumar are involved in an alleged benami land deals case and were called for questioning by tax officials in June.
Grandmaster Krishnan Sasikiran beat GM Konstantin Landa in the fifth round and moved to second place in the Aeroflot Open.
the I-T department attached a total of 12 plots of Bharti and her husband Shailesh Kumar, Bihar Deputy Chief Minister Tejaswi Yadav and ex chief minister Rabri Devi, and sisters Ragini and Chanda Yadav.
'... of protecting the lives and property of a large section of society.' 'It may further deepen the communal divide which already exists in the country.'
Former World champion Viswanathan Anand shrugged off his first round draw to score a resounding victory over Matthias Bach of Germany in the second round of the Masters section of Tradewise Gibraltar Chess festival, in Gibraltar, on Thursday.
Viswanathan Anand's absence was felt as India could manage only a 2-2 draw against Uzbekistan in the ninth round of the Chess Olympiad.
The Indian ace beat the tournament leader and top seed to move within striking distance of the title in the Category-16 Super Grandmaster tournament.
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
Social media helps #RainHosts come to the rescue of those stuck in every part of the island city.
Bankers expect interest rates to remain stable in the short to medium term, as there is enough liquidity in the market.
ICICI Bank edged past foreign banking majors Citibank and Standard Chartered Bank to emerge as the best retail bank in India, according to the latest issue of 'Asian Banker Journal'.
Mehuli Ghosh's effort will, however, not be considered as a world record, as the South Asian Games' results are not recognised by the international body (ISSF) for the purpose of records.
ICICI Bank on Wednesday said its credit card base has crossed the 2 million mark, making it the largest credit card issuer in the country.
GM Krishnan Sasikiran recorded his second straight victory humbling GM Mahamad Al-Modiahki of Qatar in the fifth round.
