News for 'State-run Bank of India'

Can India crack the Russian market?

Can India crack the Russian market?

Rediff.com28 Dec 2014

Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport

Coming soon: The crack down on shell companies

Coming soon: The crack down on shell companies

Rediff.com25 Sep 2017

Regulators find it difficult to track down illicit transactions with no limit on the number of subsidiaries.

HSBC under lens for hiring candidates linked to govt officials

HSBC under lens for hiring candidates linked to govt officials

Rediff.com22 Feb 2016

Facing black money investigations in India and several other countries, global banking giant HSBC on Monday said it is also being probed in the US for hiring candidates related to government officials in Asia Pacific.

Sensex rebounds 196 points, Nifty above 11k on crude breather

Sensex rebounds 196 points, Nifty above 11k on crude breather

Rediff.com17 Jul 2018

Oil & gas, banking and pharma sector stocks stole the show

Divestment: India eyes fatter share sale kitty in 2015

Divestment: India eyes fatter share sale kitty in 2015

Rediff.com17 Dec 2014

The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.

Sensex drops 275 pts, Nifty slips below 10,600 on global selloff

Sensex drops 275 pts, Nifty slips below 10,600 on global selloff

Rediff.com21 Nov 2018

Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth

Rupee weakens on Fed taper fears

Rupee weakens on Fed taper fears

Rediff.com3 Dec 2013

The deficit data was the latest in a run of positive signs for the sluggish domestic economy and could put India in a better position should the Fed start tapering, than in the summer when the rupee hit a record low.

Divestment: CIL to help employees open demat a/cs

Divestment: CIL to help employees open demat a/cs

Rediff.com6 May 2010

The country's largest coal producer Coal India on Thursday said it will facilitate opening of demat accounts for its 4 lakh employees to ensure their participation in the upcoming public issue which is likely to fetch around Rs 12,000 crore (Rs 120 billion) to the government.

States must get fiscal for the Centre to succeed

States must get fiscal for the Centre to succeed

Rediff.com16 Jan 2018

India's rank in the World Bank's ease of doing business index cannot get better unless more attention is paid to bringing about procedural reforms in the way states run their governments and provide various approvals for trade and industry, says A K Bhattacharya.

Start up in India, stand up in Singapore

Start up in India, stand up in Singapore

Rediff.com20 Jan 2016

Despite all the incentives, the start-ups' mega event fell short of expectations

Mr Modi's home run: PM's 'Housing for All' plan may just be a pipedream

Mr Modi's home run: PM's 'Housing for All' plan may just be a pipedream

Rediff.com24 Jun 2015

Struggling, corrupt construction industry will be challenged by the prime minster's $250-billion plan

Nirav Modi extradition: CBI-ED team to leave for London

Nirav Modi extradition: CBI-ED team to leave for London

Rediff.com27 Mar 2019

The ED officer will carry the latest charge sheet filed by the agency against Modi's wife Ami and the recent attachments made by it in the case.

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Rediff.com21 Mar 2015

Banks have started organising silent demonstration in front of houses of defaulters.

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Rediff.com21 Mar 2015

United Bank of India and Andhra Bank employees start organising silent protests.

Interpol issues Red Corner Notice for Nirav Modi

Interpol issues Red Corner Notice for Nirav Modi

Rediff.com2 Jul 2018

In its RCN issued against a fugitive, the Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.

Q2 advance tax payout of top 100 companies sees muted growth

Q2 advance tax payout of top 100 companies sees muted growth

Rediff.com16 Sep 2013

Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.

Markets end with modest gains on value-buying

Markets end with modest gains on value-buying

Rediff.com22 May 2018

The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.

RBI to impose strict limit on corporate lending

RBI to impose strict limit on corporate lending

Rediff.com22 Aug 2014

The Reserve Bank of India (RBI) plans to impose stricter limits on how much a bank can lend to a single corporate group, a move aimed at curbing risk in the banking sector at a time when bad loans are on the rise.

Modi reforms flicker in rural India, other big challenges remain

Modi reforms flicker in rural India, other big challenges remain

Rediff.com13 May 2016

While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity

LIC sells shares worth Rs 8,800 cr in 17 Sensex cos

LIC sells shares worth Rs 8,800 cr in 17 Sensex cos

Rediff.com24 Apr 2013

Life Insurance Corporation of India's holding increased in nine Sensex companies during the January-March 2013 quarter, showed an analysis of the shareholding pattern of Sensex constituents.

REC gets infrastructure finance company status

REC gets infrastructure finance company status

Rediff.com20 Sep 2010

State-run Rural Electrification Corporation on Monday said the Reserve Bank has granted it the infrastructure finance company status which would allow the firm to lend more to power projects.

Why Urjit Patel said, 'I quit'

Why Urjit Patel said, 'I quit'

Rediff.com10 Dec 2018

The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.

Now, use RuPay cards for e-commerce transactions

Now, use RuPay cards for e-commerce transactions

Rediff.com6 Apr 2015

Multiple levels of integrations with the bank servers are required for enabling transactions.

Sensex ends 119 points higher, Nifty breaches 10,600 mark

Sensex ends 119 points higher, Nifty breaches 10,600 mark

Rediff.com15 Nov 2018

Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.

Sensex dives 346 points amid fresh concerns over crude, rupee

Sensex dives 346 points amid fresh concerns over crude, rupee

Rediff.com12 Nov 2018

The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.

Stocks skid as cautious investors pare bets

Stocks skid as cautious investors pare bets

Rediff.com10 May 2018

The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.

SBI follows industry trend, cuts term deposit rates by 0.25%

SBI follows industry trend, cuts term deposit rates by 0.25%

Rediff.com5 Dec 2014

State Bank of India on Friday reduced its deposit rates by 0.25 per cent, making it the third bank after private sector rivals, ICICI Bank and HDFC Bank, to reduce deposit rates this week.

Modi takes the wheel as India's road building stimulus bogged down

Modi takes the wheel as India's road building stimulus bogged down

Rediff.com17 Jul 2015

Modi placed a $12.6 billion bet in this year's budget on road building

PNB finds markets unforgiving, M-Cap plunges by Rs 8000 cr in 2 days

PNB finds markets unforgiving, M-Cap plunges by Rs 8000 cr in 2 days

Rediff.com15 Feb 2018

But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.

Market rises for 3rd day as crude oil weakens, rupee recovers

Market rises for 3rd day as crude oil weakens, rupee recovers

Rediff.com28 May 2018

The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.

China's ZTE looking at Indian telecom market

China's ZTE looking at Indian telecom market

Rediff.com20 May 2013

In 2012, ZTE India posted a small rate of growth, realising revenues of $700 million, around half the $1.5 billion it received in 2009, a write up in the state run China Daily titled 'ZTE banks Indian telecom market' said.

LIC sells shares worth Rs 12,600 crore

LIC sells shares worth Rs 12,600 crore

Rediff.com19 Feb 2013

Offloads stake in financial, auto and pharma sector companies.

LIC trims holding in 15 Sensex firms

LIC trims holding in 15 Sensex firms

Rediff.com30 Oct 2012

Booking profit in the recent stock market uptrend, state-run insurance giant LIC offloaded shares worth over $1 billion in half of the 30 Sensex companies, including in RIL and ICICI Bank, in last quarter.

LIC trims holding in 15 Sensex firms

LIC trims holding in 15 Sensex firms

Rediff.com30 Oct 2012

Booking profit in the recent stock market uptrend, state-run insurance giant LIC offloaded shares worth over $1 billion in half of the 30 Sensex companies, including in RIL and ICICI Bank, in last quarter.

Modi's 'Make in India' campaign will face testing times

Modi's 'Make in India' campaign will face testing times

Rediff.com29 Oct 2014

Without reforms to boost returns for multinational capital, Narendra Modi's 'Make in India' campaign will face testing times.

7 Indian firms among world's biggest, Rajesh Exports beats ONGC

7 Indian firms among world's biggest, Rajesh Exports beats ONGC

Rediff.com21 Jul 2016

Indian Oil Corp is ranked highest at 161st in the Fortune 500 list.

Profit booking pushes Nifty below 8,550; Broader markets underperform

Profit booking pushes Nifty below 8,550; Broader markets underperform

Rediff.com18 Jul 2016

The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.

Market breathes easy as Ukraine escapes bear hug

Market breathes easy as Ukraine escapes bear hug

Rediff.com5 Mar 2014

Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine

Stocks decline for 5th day on CAD, US rate hike worries

Stocks decline for 5th day on CAD, US rate hike worries

Rediff.com19 Mar 2018

The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25

Advance tax: SBI pays 23% more at Rs 1,794 cr

Advance tax: SBI pays 23% more at Rs 1,794 cr

Rediff.com16 Mar 2015

SBI, LIC and HDFC, have showed double digit growth.