News for 'State-run Bank of India'

Rupee tumbles for 7th day; breaches 72-mark for the first time ever

Rupee tumbles for 7th day; breaches 72-mark for the first time ever

Rediff.com6 Sep 2018

The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.

India sees $15.6 billion hit on state lenders from coal verdict

India sees $15.6 billion hit on state lenders from coal verdict

Rediff.com28 Nov 2014

Bad loans of state banks in coal industry was 0.23 per cent as of end-September, while for private banks it was 0.22 percent

Troubled Force India delay new car debut to final test

Troubled Force India delay new car debut to final test

Rediff.com13 Feb 2015

Force India's 2015 Formula One car will not make its track debut until the third and final pre-season test in Barcelona some two weeks before the first race in Australia, the team said on Friday.

Markets stumble on global cues; Sensex loses 85 points

Markets stumble on global cues; Sensex loses 85 points

Rediff.com26 Jun 2015

The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.

Mallya's fate will be decided on December 10

Mallya's fate will be decided on December 10

Rediff.com12 Sep 2018

The 62-year-old former Kingfisher Airline boss' defence team, led by Clare Montgomery, opened the day by branding the government of India's evidence presented in the case as "utterly unfounded".

How COVID-19 could change India's political economy

How COVID-19 could change India's political economy

Rediff.com3 Apr 2020

'While the poor have little say in shaping India's intellectual or public discourse, they do have a significant role in deciding political outcomes,' points out Roshan Kishore.

China allows couples to have 3 children amid ageing population

China allows couples to have 3 children amid ageing population

Rediff.com31 May 2021

Despite the relaxation of the one-child policy in 2016, the number of live births per 1,000 people fell to a record low of 10.48 in 2019, down from 10.94 in 2018.

Dominican magistrate denies bail to Mehul Choksi: Local media

Dominican magistrate denies bail to Mehul Choksi: Local media

Rediff.com3 Jun 2021

The Dominica high court on Wednesday ordered that diamantaire Mehul Choksi be produced before a magistrate there to answer charges of his illegal entry into the Caribbean island country, local media reported. Dominica high court Judge Bernie Stephenson issued the orders after nearly three hours of hearing on a habeas corpus petition filed on behalf of Choksi who had claimed that he was abducted from neighbouring Antigua and Barbuda and forcefully brought to the Caribbean Island nation. She adjourned the habeas corpus matter till Thursday, Dominica News Online reported.

India pushing Iran to accept Rs for oil imports

India pushing Iran to accept Rs for oil imports

Rediff.com1 Oct 2013

Keeps open the option to make payments in yen or yuan in the face of sanctions

UB Group denies Kingfisher loans funded offshore property

UB Group denies Kingfisher loans funded offshore property

Rediff.com18 Apr 2016

State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.

China fears, India will 'steal' its jobs, and dent business

China fears, India will 'steal' its jobs, and dent business

Rediff.com26 Sep 2016

An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain

Sensex sinks 770 points; its worst fall since July 8

Sensex sinks 770 points; its worst fall since July 8

Rediff.com3 Sep 2019

Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.

India scored a self-goal with Modi's note ban, taunts Chinese daily

India scored a self-goal with Modi's note ban, taunts Chinese daily

Rediff.com2 Jun 2017

India lost fastest growing major economy tag to China in the March quarter with a GDP growth of 6.1%

Rupee falls most in 3 weeks

Rupee falls most in 3 weeks

Rediff.com18 Feb 2014

The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday's trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.

Army inducts upgraded L70 anti-aircraft guns along China border

Army inducts upgraded L70 anti-aircraft guns along China border

Rediff.com20 Oct 2021

In a major boost to its fire power, the Indian Army has deployed a sizeable number of upgraded L70 anti-aircraft guns in the high mountains along the Line of Actual Control in Arunachal Pradesh in addition to its existing M-777 howitzers and Swedish Bofors guns, officials said on Wednesday.

For India's least-paid CEOs, it's not only about money

For India's least-paid CEOs, it's not only about money

Rediff.com26 Sep 2014

Attractions range from start-up challenges to non-monetary perks; employee stock options also play a role.

India Inc's foreign borrowings unchanged at $3.72 bn in Jul

India Inc's foreign borrowings unchanged at $3.72 bn in Jul

Rediff.com25 Aug 2014

As many as 58 companies raised money from automatic route and 8 firms raised via approval route.

Coal India: India's biggest divestment fetches Rs 22,557 cr

Coal India: India's biggest divestment fetches Rs 22,557 cr

Rediff.com30 Jan 2015

Biggest ever share sale by any private or public sector co in India.

Rupee has first gain in New Year, up 10 paise against dollar

Rupee has first gain in New Year, up 10 paise against dollar

Rediff.com3 Jan 2014

The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.

RBI keeps interest rate unchanged at 7.75%, CRR at 4%

RBI keeps interest rate unchanged at 7.75%, CRR at 4%

Rediff.com4 Aug 2015

The RBI has made serious attempts to improve fiscal deficit.

Are markets fully factoring in weak corporate earnings?

Are markets fully factoring in weak corporate earnings?

Rediff.com16 Apr 2015

Only six sectors are likely to report good set of numbers in Q4 FY15.

Do the Supreme Court panel members support the farm laws?

Do the Supreme Court panel members support the farm laws?

Rediff.com13 Jan 2021

Where do the four members of the Supreme Court appointed panel to interface with farmers stand on the Modi government's farm laws?

Now, withdraw money from BoI ATMs without an account

Now, withdraw money from BoI ATMs without an account

Rediff.com26 Mar 2014

Bank of India has become the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank.

Street expects status quo on policy rate, CRR

Street expects status quo on policy rate, CRR

Rediff.com16 Sep 2013

An action on the rate front is unlikely to figure in Rajan's plan for the moment.

The 'foreign hand' in India's election 2019

The 'foreign hand' in India's election 2019

Rediff.com27 Mar 2019

How will the Modi Sarkar's likely return affect other nations?

Markets tank on macro risks; oil spurt sinks energy stocks

Markets tank on macro risks; oil spurt sinks energy stocks

Rediff.com27 Jun 2018

The wider NSE Nifty touched a low of 10,652.40 before finishing at 10,671.40, showing a loss of 97.75 points, or 0.91 per cent.

Rupee hits all-time low, ends below 60 versus dollar

Rupee hits all-time low, ends below 60 versus dollar

Rediff.com26 Jun 2013

The problems are being compounded by perceptions that India is ill suited to defend the currency in the near-term.

Setback for Adani; Queensland vetoes $900 mn loan proposal

Setback for Adani; Queensland vetoes $900 mn loan proposal

Rediff.com12 Dec 2017

The Adani group had applied for the Northern Australia Infrastructure Facility loan for building the 388-km rail line to connect the Carmichael coal mine to the sea port.

'Defeat BJP' call raised at mega farmer event in poll-bound UP

'Defeat BJP' call raised at mega farmer event in poll-bound UP

Rediff.com5 Sep 2021

Referring to Modi, Adityanath and Union Home Minister Amit Shah as 'outsiders', the farmer leader said he has no objection if they become prime ministers after winning polls from Uttarakhand or Gujarat.

What CBI probe means for Mumbai, Navi Mumbai airports

What CBI probe means for Mumbai, Navi Mumbai airports

Rediff.com25 Aug 2020

Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.

Achche din for India's infrastructure sector is miles away

Achche din for India's infrastructure sector is miles away

Rediff.com6 Apr 2017

An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

Rediff.com14 Feb 2018

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.

Markets end choppy session on a flat note

Markets end choppy session on a flat note

Rediff.com13 Sep 2013

ITC, Infosys, Wipro and HDFC Bank among the major losers.

PNB appoints forensic auditor for NiMo-Choksi fraud case

PNB appoints forensic auditor for NiMo-Choksi fraud case

Rediff.com1 Mar 2018

PNB issued a formal appointment letter to Belgium-based consultancy firm BDO

Sensex, Nifty at record closing high on broad based buying

Sensex, Nifty at record closing high on broad based buying

Rediff.com8 Sep 2014

HDFC and Infosys contribute the most to today's rally.

Xi makes first visit to Tibetan town bordering Arunachal Pradesh

Xi makes first visit to Tibetan town bordering Arunachal Pradesh

Rediff.com23 Jul 2021

Xi arrived at the Nyingchi Mainling Airport on Wednesday and was warmly welcomed by local people and officials of various ethnic groups, Xinhua news agency reported.

Forex reserves at three-year low

Forex reserves at three-year low

Rediff.com13 Jul 2013

The fall in reserves was due to a sharp fall in foreign currency assets.

Rajan's 'resignation' letter to RBI staff

Rajan's 'resignation' letter to RBI staff

Rediff.com18 Jun 2016

"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.

SC warns Amrapali homebuyers on dues

SC warns Amrapali homebuyers on dues

Rediff.com11 Sep 2019

A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.

India seeks NRI flows for rupee defence, not sovereign bond

India seeks NRI flows for rupee defence, not sovereign bond

Rediff.com22 Jul 2013

Government sources say India could consider raising the policy repo rate if the rupee falls towards 61-62 to the dollar.