A clutch of global financial institutions led by T Rowe Price, HSBC and an investment arm of the Government of Singapore are the lead investors in the Rs 600 crore (Rs 6 billion) qualified institutional placement (QIP) issue of UB Holdings.
Foreign exchange reserves jumped $1.17 billion to touch a new record high of $355.46 billion.
The Swiss Finance Ministry spokesperson further said the treaty states that "such persons or authorities shall use the information 'only' for such purposes.
The investigative arm of MRTPC has alleged flagrant flouting of the November 2005 RBI guidelines on credit cards by commercial banks like ICICI, HSBC and Citibank.
You can no longer ignore equity linked saving schemes when you plan your tax-savinginvestments. Here's a look at how these funds have performed.
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.
The index monitoring new business fell to a six-month low of 51.6 from March's 53.5, prompting some firms to cut jobs.
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.
Local banks no match for foreign peers in global reach and better services.
HSBC Group Service Centre, Kolkata is recruiting Managers, Assistant Managers and Business Analysts.
The list, posted on a website link launched by the US regulator, includes ABB, HSBC, Nokia, Unilever, Cadbury, Total and Siemens among others.
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.
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
Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
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?
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.
Interestingly, majority of the 26 highly user-friendly websites come from the world of e-commerce.
Manufacturing growth in India lost momentum in February.
Black money Bill: Govt may widen disclosure window to 3-6 months.
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
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.
'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.
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.
In the case of Iran, the lifting of sanctions has paved the way for direct relations.
Captive centres set up by multinational corporations in India are posing a serious threat to the domestic outsourcing companies.
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.
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.
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.
India CEOs of 12 banks form pressure group within IBA.
Gaurav Nandrajog whipped Angad Marwah of Maharashtra in a second round match of the HSBC-Bombay Gymkhana Maharashtra State Open Squash championships.
News of all that transpired on and off the football field
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.
