Apart from SBI, the consortium will include leading entities like Citibank, Standard Chartered, BNP Paribas, JP Morgan, Tokyo Mitsubishi UFJ and Mizuho Financial Group, a source closely connected to the development told PTI. The country's largest lender is also in talks with two-three public sector banks to be a part of the consortium, the source said. The company reported a loss of $12.7 billion for the fiscal ended December 30, 2006.
Tennis great John McEnroe finds it hard to believe that Maria Sharapova was unaware she was taking a banned drug that led to her suspension, the seven-time Grand Slam champion said on Saturday.
But trading through the route still a minuscule portion of total turnover
The Davis Cup final between Belgium and Britain will go ahead despite Brussels being placed on maximum alert over the threat of an imminent attack, local organisers and the International Tennis Federation said on Monday.
In the Sensex kitty on Wednesday, Tata Motors emerged as the top loser falling 3.01 per cent, followed by Vedanta shedding 2.92 per cent. Other laggards include HUL, Kotak Bank, NTPC, Infosys, HDFC Bank, Bajaj Finance, Hero MotoCorp, ICICI Bank, Yes Bank, HDFC, IndusInd Bank and PowerGrid, falling up to 1.77 per cent.
Shares of power, IT, tech, utilities and capital goods firmed up
In a move to soften the blow of Lehman Brothers' bankruptcy in the Indian stock and asset markets, four banks are set to take over its structured products businesses in India.
The Canadian's win sets up a semi-final clash with Del Potro on Saturday that will pit power against power.
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Take part in the unique ATP contest, where you pick the winners of every match in every round and stand a chance of winning prizes.
World number two Novak Djokovic hammered Swiss Stanislas Wawrinka 6-1, 6-4 to reach the Paris Masters semi-finals on Friday.
World No 3 Maria Sharapova withdrew on Monday from the end-of-season WTA Championship in Istanbul due to the shoulder injury that also kept her out of the US Open.
Conservative industry estimates place the cash component of mutual fund houses at Rs 25,000 crore (Rs 250 billion). Fund houses had up to 15 per cent in cash, as per the April 30 figures. The cash component exceeded 15 per cent in as many as 30 diversified equity growth funds.
Vodafone-Essar, the leading GSM operator is raising around $500 million (Rs 2,000 crore) through overseas borrowing. This is the first fund raising by the telecom major after British telecom major Vodafone acquired a majority stake.
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
Mutual fund houses are bullish on the financial sector, notwithstanding the recent beating at the stock market. Fund houses like Kotak Mahindra AMC, Sundaram BNP Paribas & LIC Mutual Fund have drawn up plans to introduce products aimed at the financial services sector. Bank stocks for long had been one of the favourite picks for many fund managers. There was a slowdown in valuations of financial sector stocks but Indian corporate entities still continue to remain attractive.
Mutual funds are all set to capture the buoyancy in the energy sector. The latest to join the bandwagon is Sundaram BNP Paribas Mutual Fund, which is coming out with a three-year, closed-ended new fund offering 'The Energy Opportunities Fund'. The fund will invest in equity and equity-related instruments of companies focussed on the energy space or those directly or indirectly benefiting from it.
The Ruias have received overwhelming response from international banks for funding of their proposed bid to pick up Hutchison's 67 per cent equity stake in Hutchison-Essar Ltd, in which they hold the remaining stake.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
Finance Minister P Chidambaram has invited French companies to expand their activities in India, particularly in the infrastructure sector. \n
The Essar Group is raising $3.59 billion (Rs 14,360 crore) against its 33 per cent stake in Vodafone-Essar. The loan will be the largest fund-raising through the share monetisation route by an Indian company.
Former American great Chris Evert has no issue with tournaments handing Maria Sharapova wildcard entries as the Russian former world number one makes her way back from a doping ban, she said on Wednesday.
Wonder why corporate India is showering dividends?
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Juan Martin del Potro could barely believe he had finally won a Masters 1000 series title at the 51st attempt at Indian Wells on Sunday but is determined to keep the trophies coming in his late career renaissance.
Srei Infrastructure Finance last month sold 50 per cent stake in a part of its business equipment financing arm to France's largest bank BNP Paribas for Rs 775 crore
Rafael Nadal withdrew from the Indian Wells tournament on Saturday with a knee injury, shortly before his eagerly-awaited semi-final clash with great rival Roger Federer.
Paes-Damm went down fighting against Jeff Coetzee of South Africa and Rogier Wassen of Netherlands 6-3, 6-7(5), 9-11 in the first round match in Paris on Monday.
Former world number one Maria Sharapova lost her second consecutive first round match with a 6-4, 6-4 defeat to Japan's Naomi Osaka at the BNP Paribas Open in California on Wednesday.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.
Top seed Serena Williams made short work of Kazakhstan's Zarina Diyas in the third round of the BNP Paribas Open.
Amid heated debate on algorithm based trades, ace investor Rakesh Jhunjhunwala today backed this form of trading, and questioned the need to regulate it.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sundaram Select Small Cap Fund is one of the few NFOs that offer some unique features to the investors which will be beneficial to them in the long run.
Venus Williams' return to Indian Wells lasted just one match but sister Serena looked poised for a long run after a dominant win at the BNP Paribas Open on Friday. Venus returned to the event for the first time since 2001, having boycotted it after being booed and heckled by fans during her previous trip, but made a quick exit after a 6-4 6-3 defeat to Japanese qualifier Kurumi Nara in the second round. The 15-year-old incident had occurred when Venus withdrew from a semi-final match with Serena, drawing ire from the crowd aimed at the Williams family. This time, though, Venus was greeted warmly by the crowd before her match and throughout it, a consolation for her poor performance. "It was enough of a fairytale to come here and play," Venus told reporters. "A win would have been nice, but that means I have to come back, play next year."
Can, and has, increased its cash levels in turbulent markets
India CEOs of 12 banks form pressure group within IBA.
World No 3 Roger Federer has delayed his ATP World Tour return by a month and plans to make his comeback from knee surgery at the Monte Carlo Masters in April.
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