Two-time champion and Delhi Commonwealth Games gold medallist John Kelai of Kenya will be the cynosure of all eyes in the upcoming Standard Chartered Mumbai Marathon, to be held on January 16. Kelai, who triumphed in the men's event in 2007 and 2008, is expected to face stiff competition from 2000 Sydney Olympics bronze winner Tesfaye Tola of Ethiopia, Oleg Kulkov of Russia besides compatriots Kiprono Just Kipchirchir and Evans Rutto.
The prize-money for the eight edition of th eevent, which has retained IAAF Gold-label status, has been increased by US $15,000 and will be US $3,25,000.
The Standard Chartered Bank is set to ask three of its executives to go on leave following complaints made by a few high net worth clients on mis-selling of products.
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Diageo, which recently coughed up a total of Rs 18,000 crore (Rs 180 billion) to take majority control of USL, seems to have a lot of faith in him.
Just as investors abroad can participate in Indian companies' issues through the American Depository Receipt and Global Depository Receipt route, Indian investors can now invest in foreign companies through the IDR. Standard Chartered Bank will be the first IDR issue, opening May 25.
Banks and financial institutions have proved to be the only ones in corporate India's otherwise dismal gender diversity performance, according to a report published by Standard Chartered Bank.
The RBI has been tightening key benchmark rates since November last year as the country started recovering from the impact of the global economic slowdown.
For Steve Bertamini, group executive director and chief executive officer, global consumer banking at Standard Chartered, India is one of the most important markets.
Bikash Mohapatra chats up with Australian athletics legend Cathy Freeman, event ambassador for the Standard Chartered Mumbai Marathon.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
Maria Polyzou, the Greek national marathon champion and vice-president of SEGAS, who brought the prestigious Marathon Flame to the city, was excited about her journey to the city.
The number of Singapore-based companies setting up operations in India, about 350 at present, will double in the next five years, a senior executive of the Standard Chartered Bank in Singapore said.
India is set to emerge as the world's third largest economy by 2030.
Indian depository receipts (IDR) are set to get going after a long gestation period of six years with Standard Chartered Bank filing a red herring prospectus to raise up to $750 million.
For the first time since its inception eight years ago, the US $325,000 Standard Chartered Mumbai Marathon will be run on January 16 without the blessings of the Athletics Federation of India. 'They have been invited but there's what I will call a lack of response. But the marathon has the gold label status from the IAAF (international athletics body),' said race director Hugh Jones at a media conference in Mumbai on Tuesday.
Loss of sight after suffering a paralytic stroke more than a decade ago has not dimmed the enthusiasm of Kenyan long distance runner Henry Wanyoike. In fact, he has overcome enormous odds to live an athletics dream. 'I lost my sight, but not my vision. I have achieved without sight what I dreamt when I could see,' said the visually impaired Wanyoike, ahead of his participation in the Standard Chartered Mumbai Marathon this Sunday.
Faced with a rising number of customer complaints on excessive charges, the Reserve Bank of India has asked the Indian Banks' Association to come up with guidelines on what the reasonable charges should be.
The city on Sunday became the first-ever destination, outside Europe and the United States, to host the "Marathon Flame" in the lead up to the seventh Standard Chartered Mumbai Marathon to be held on January 17.
It's good news for those who fly frequently. They can avail of some interesting offers from their credit card companies, including co-branded airline cards, zero per cent interest on ticket repayments and even free tickets in a few cases.
In view of India's faster industrial growth and improved business confidence, UK-based Standard Chartered Bank (SCB) on Tuesday revised upwards its forecast for the country's economic growth to 8.1 per cent for the current fiscal.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
Post the transaction, Tata Motors will own 40 per cent stake in Telcon, while Hitachi will have 60 per cent, the company said.
Plastic money that lets you buy almost everything by just swiping the card can also turn out to be your worst nightmare.
The government's showcase Indian Infrastructure Finance Company Ltd has run into trouble with two leading global banks - Standard Chartered Bank and Calyon Credit Agricole - suggesting that they may not fulfil collective contractual funding commitments of $250 million
Images from the Mumbai Marathon, held on Sunday.
African runners are expected to steal the show in Sunday's $310,000 prize money 7th Standard Chartered Mumbai Marathon.
Daniel O'Brien, regarded as the greatest decathlete of the 1990s, says the marathon is similar to the decathlon when one completes it. 'It is a great feeling of accomplishment.'
India story, pressure to invest are driving spurt in PE activity.
Bigger companies are signing equity JVs with global investors.
Standard Chartered Plc's Rs 2,760-crore (Rs 27.60 billion) maiden Indian depository receipt (IDR) issue got a robust demand from investors on the final day of the offer on Friday and got subscribed a good 2.19 times with most of the bids coming in from qualified institutional buyers (QIBs).
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
As many as 40 staffers, in the key equities and investment banking division in India, could be asked to go as part of the London-headquartered lender's global layoffs, said people aware of the development. HSBC India declined to comment.
Participants from Indian sub-continent expect their average wealth to grow to $9.07 million in 2010.
Bank FD rates are expected to go down in the near future. Lock in now if you want stability as well as returns
Having cleaned up their credit card portfolios and sensing a change in the economic environment, issuers such as SBI Cards, Standard Chartered and HSBC are seeing an increase in their credit card base at a marginal pace.
The move comes at a time when four foreign banks - Standard Chartered, Hongkong and Shanghai Banking Corporation, American Express and Citibank -- have moved the Supreme Court with a special leave petition and the hearing for admission of SPL is on September 8. The committee is, however, expected to wait till the Supreme Court decides on the issue before finalising its recommendations. The committee is, however, expected to wait till the Supreme Court decides on the issue.
Kenya's Denis Ndiso and Ethiopia's Bizunesh Mohammed won the men's and women's titles respectively in the $310,000 seventh Standard Chartered Mumbai Marathon on Sunday.
Women marathon runners are likely to set a new course best in Sunday's Standard Chartered Mumbai Marathon, according to Elite Athlete co-ordinator Ian Ladbrooke. 'We have a strong field and I am very optimistic of a new record in the women's race by a big margin,' said Ladbrooke in Mumbai on Thursday, ahead of the US $310,000 prize-money run.
The Supreme Court stayed the National Consumer Commission's order, which had capped the interest rate chargeable on credit card holders at 30 per cent. The verdict will allow banks to levy any interest rate they consider applicable to card holders. In their appeal, the banks said they were following the guidelines of the RBI, which was the only authority to regulate the fixing of the interest. The commission had no jurisdiction to pass an order directly to the banks.
Entries for the Standard Chartered event close on August 18.
