Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business, nearly half of which is a sub-prime market.
Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
A raft of banks could face tough questions in the sweeping US crackdown on alleged corruption in global soccer as prosecutors review how much they knew about millions of dollars in bribes flowing through the US banking system to accounts around the world.
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
Local banks no match for foreign peers in global reach and better services.
The list, posted on a website link launched by the US regulator, includes ABB, HSBC, Nokia, Unilever, Cadbury, Total and Siemens among others.
HSBC Group Service Centre, Kolkata is recruiting Managers, Assistant Managers and Business Analysts.
Forbes magazine has compiled a list of the best 2000 global companies. 48 Indian companies figured on this list. Top amongst the Indian companies are Reliance Industries and PSU major ONGC at 193rd and 198th ranks. HSBC topped the list. Other Indian companies on the list are SBI, Indian Oil, ICICI Bank, NTPC, SAIL, Tata Steel, Bharti Airtel, RComm, HDFC, L&T, BPCL, RPower, RCap, BHEL, Infosys, Tata Motors, Wipro, ITC,Canara Bank, Central Bank of India, Union Bank of India,DLF
National Hydroelectric Power Corporation, the central power utility, has shortlisted five merchant banks for its initial public offering likely to hit the market in first quarter of FY08.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
Citigroup's private equity arm Citigroup Venture Capital International, Baring Private Equity, TPG and 3i are the front-runners to acquire an equity stake in Sharekhan, the retail brokerage arm of the Mumbai-based SSKI group.
Second seed Sandeep Jangra and top seed Joshna Chinappa won the men's and women's titles in the 32nd Bombay Gymkhana Maharashtra State Open Squash Championships.
Is this 'Yashpal Kapoor' the late Congress leader, one of Indira Gandhi's closest aides in the 1970s?
Manufacturing growth in India lost momentum in February.
Black money Bill: Govt may widen disclosure window to 3-6 months.
Interestingly, majority of the 26 highly user-friendly websites come from the world of e-commerce.
Srei Infrastructure Finance is set to be the first Indian company to go for Islamic financing for over Rs 200 crore
The list includes 1,195 Indians with funds totalling $4.1 billion.
Investment trend by foreign investors will also be closely watched for stock movement
In the case of Iran, the lifting of sanctions has paved the way for direct relations.
Balance transfer is a facility in which you can transfer outstanding balance from one credit card to another. It works well if you have multiple cards.
The slowdown in the US economy along with domestic factors like service tax on leased and rented premises and imposition of minimum alternate tax may impact revenues and earning growth rates of all major IT companies of India.
News of all that transpired on and off the football field
The US slowdown, service tax on leased and rented premises and imposition of minimum alternate tax are expected to take a toll on the revenue and earnings growth rates of all frontline IT companies in 2007-08.
Can call centre thefts end India's flourishing BPO business? Do such deeds give India a bad name? Tell us what you think.
Nokia has tied up with Citibank, HDFC Bank, Axis Bank, Standard Chartered, HSBC, ICICI Bank and SBI Cards for the EMI scheme and the offer will be available to consumers with credit cards from any of these banks.
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
Captive centres set up by multinational corporations in India are posing a serious threat to the domestic outsourcing companies.
Investigations against black money holders in Swiss bank accounts, known as the HSBC list, have been put on a fast-track as the CBDT has asked tax sleuths to quickly gather all foreign-based evidences in these cases and render final action by March-end.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
An index value of 42 to 46 means moderate decline.
India CEOs of 12 banks form pressure group within IBA.
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
Gaurav Nandrajog whipped Angad Marwah of Maharashtra in a second round match of the HSBC-Bombay Gymkhana Maharashtra State Open Squash championships.
Three Indian women -- ICICI Bank deputy managing director Chanda Kochhar, HSBC India CEO Naina Lal Kidwai and Biocon head Kiran Mazumdar-Shaw -- have been named among the world's 50 most powerful businesswomen by the Fortune magazine.
Government may bring a new law on black money during the ongoing Parliament session.
India's 32 mutual fund houses saw an erosion of over Rs 32,200 crore (Rs 322 billion) in their total asset under management last month, with a weak stock market robbing off some shine from their over Rs 5 trillion portfolio.
