Rupee down 8 paise at 48.55 a dollar
Mumbai: The Indian rupee on Wednesday fell by 8 paise to 48.55 against the US currency in early trade breaking its five-day gaining streak on expectations of fresh capital outflo...
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Finance News
Updates from regulators, markets, and the wider Indian finance sector.
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India better placed than China
New Delhi: Thanks to the growing service sector and increasing FDI inflows, India may be better placed than China to benefit from the expected slow economic growth in the indust...
India not worried on food shortages: PM
New Delhi: India has adequate food stocks to make up a shortfall in output this year and will step up efforts to mitigate distress of farmers hit by deficient monsoon rains, the...
IOB sees 20 % loan growth in FY10
Mumbai: Indian Overseas Bank expects loan growth of 20 per cent in the current fiscal, a top official said on Wednesday. We have seen a good growth in almost all the sectors but...
RBI Reference rate for US dollar and euro
Mumbai: The Reserve Bank of India on Wednesday fixed the Reference rate for the US currency at Rs 48.47 per dollar and the single European unit at Rs 70.29 per euro from Rs 48.65...
Finance & Economy
HTML clipboard Finance & Economy Cell banking for financial inclusionTHE Prime Minister's Office (PMO) has reportedly asked the...
Most CEOs feel US economy in 'poor' state
New York: Amidst rising hopes of an early recovery, nine out of ten corporate chiefs say the American economy is in a poor state and many of them are looking at emerging markets...
US largest supplier of arms in 2008: NYT
Washington: Defying the trends of global recession, the United States has emerged as the largest supplier of arms, accounting for more than two-third of the USD 55.2 billion of...
US hiring outlook dips: Manpower
New York: A forward-looking measure of hiring intentions dipped slightly in the United States even as it improved in many other countries, according to a quarterly survey by Manp...
MDBs to lend $110 bn more this yr: Official
London: The Multilateral Development Banks (MDBs)have substantially increased their lending and plan to loan in excess of USD 110 billion more this year in response to the strong...
Interest rates have bottomed out: ICICI Bank
Mumbai: Lending and borrowing interest rates in India have bottomed out and rates will harden, managing director of ICICI Bank, India's No. 2 lender, said on Tuesday. Chanda...
SBI looks at 35% growth in Q2 profit
Mumbai: India's largest state-owned bank, State Bank of India (SBI), is expected to witness an increase in net profit of about 30-35% year-on-year in its July to September qu...
Growth visible in ICICI’s auto, home loans
Mumbai: India's second largest lender, ICICI Bank, has seen growth returning in its home and auto loans portfolios in the second quarter on the back of improving sentiments...
FSA imposes £2.54 mn fine on Barclays
London: Market regulator Financial Services Authority (FSA) today said it has imposed a fine of 2.45 million pounds on financial services major Barclays for failing to provide ac...
Earnings growth in Q2 likely to be 30-35%: SBI
Mumbai: The State Bank of India (SBI) expects its earnings growth in the second quarter of this fiscal (FY 10) to be around 30-35 per cent, the bank Chairman O P Bhatt said. "We...
India wants a fair deal on global warming: Govt
Dehradun: India's environment minister Jairam Ramesh has stated that India wants a fair and equitable international agreement on the issue of climate change and global warmin...
Nomura cuts India's growth forecast to 6%
Mumbai: India's economic growth could slow to 6 percent from 6.3 percent in 2009/10 dragged by contraction in agricultural growth, Nomura said in a recent note. The governme...
Eyeing FDI, US to woo India Inc
Mumbai: While major economies across the globe are striving to keep themselves afloat, India has become the favourite hunting ground for getting investment from. In a first-ever...
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