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RBI asks banks to hire registered telemarketers ANI - Fri, Sep 19
After advising banks to display information regarding interest rates and service charges on the notice boards and websites, The Reserve bank of India has asked the banks and their associates not to engage unregistered telemarketers.
Sensex snaps 7-day slide, banks recoup ANI - Fri, Sep 19
New Delhi/Mumbai, September 19 (ANI): Bombay Stock Exchange or BSE Sensex rebounded from sharp early losses on Thursday. The Sensex snapped a seven-day losing streak, as domestic funds stepped in to pick bargains with Finance Minister Palaniappan Chidambaram ruling out negative impact of Lehman bankruptcy..but the outlook remained shaky on deepening global financial woes.
Markets up on FM's soothing comments, Sensex ends 53pts higher PTI - Thu, Sep 18
Mumbai, Sep 18 (PTI) The markets staged an impressive rebound rally today after dropping a hefty over 700 points to snap the seven-day losing-spree at 13,315.
Indian bankers see little impact of Lehman collapse ANI - Thu, Sep 18
While Indian bankers do not see much impact from the exposure to Lehman Brothers, market analysts do not rule out immediate repercussions of the fallout on the Indian stocks.
RBI asks Lehman Brothers' arms not to remit money PTI - Tue, Sep 16
Mumbai, Sep 16 (PTI) The Reserve Bank today asked US investment bank Lehman Brothers' NBFC and primary dealer arms not to remit money in forex without its approval.
States want Centre to bear 50 pc burden of pay revision PTI - Tue, Sep 16
New Delhi, Sep 16 (PTI) The VAT panel wants the Union Government to bear at least half of the financial burden that the states will have to bear following the implementation of the Sixth Pay
Collapse of Lehman Brothers to affect portfolio flows: PMEAC PTI - Tue, Sep 16
New Delhi, Sep 16 (PTI) Global financial crisis following the collapse of US investment bankers Lehman Brothers will adversely impact the portfolio investment in India, according to Prime
Indian IT majors turn cautious post Lehman, Merrill fall out PTI - Tue, Sep 16
New Delhi, Sep 16 (PTI) With nearly half of their revenues coming from banking and financial services segments, India's top software exporters today said they are closely monitoring the financial
Tue, Sep 16
Mumbai, Sep 16 (PTI) Amidst a plunge in major Asian and European stocks today on global financial crisis, the Indian benchmark Sensex today closed flat after recovering the hefty losses in morning trade with a surprise buying in banking stocks. The BSE barometer settled the day at 13,518.80 points, lower by marginal 12.47 points, or 0.09 per cent, from its last close.
Wall St quake, cracks all over IE - Tue, Sep 16
The global financial system plunged into turmoil today after a stunning sequence of events over the weekend which saw two venerable Wall Street firms collapsing under the shock waves of a credit crisis that sent markets tumbling across the globe.
Sensex down by over 700 points ANI - Mon, Sep 15
The Bombay Stock Exchange benchmark Sensex fell by over 750 points in the morning following the U.S. investment bank Lehman Brothers filing for bankruptcy.
Markets meltdown as Lehman collapses, Merrill taken over PTI - Mon, Sep 15
New York, Sep 15 (PTI) Global financial markets sank sharply today as traders worried over more troubles at the Wall Street following a failed plan to rescue Lehman Brothers, and Bank of
Banks should display information on websites: RBI ANI - Mon, Sep 15
After advising banks to display information regarding interest rates and service charges on the notice board inside all their branches, the central bank has now asked them to do the same thing on their website.
India's air traffic fall the steepest in four years ANI - Sat, Sep 13
India's air traffic reported the sharpest fall in air passengers in the four years since aviation boom started in summer 2004. With constant fare hikes, air passenger demand measured by passengers flown in August shrunk to 17.42 percent compared with 2007.
Rupee loses 18 paise to touch new 23-month low PTI - Fri, Sep 12
Mumbai, Sep 12 (PTI) The Indian rupee today fell by 18 paise to close at a fresh 23-month low of 45.
Cheaper crude welcome; but no fuel price cut on cards: Deora PTI - Fri, Sep 12
New Delhi, Sep 12 (PTI) Petroleum Minister Murli Deora today said there are no plans to cut fuel prices in immediate future, while terming the fall in global crude prices to the lowest in six
Car sales still down, two-wheelers continue to grow ANI - Fri, Sep 12
Domestic car sales continued to go downhill for the second consecutive month in almost three years with August sales declining by 4.36 per cent.
Sensex down 192 points in early trade IE - Thu, Sep 11
The Bombay Stock Exchange benchmark Sensex continued its losing streak for the third straight session on Thursday and fell by 192 points in early trade on heavy selling by foreign funds and retail investors, triggered by weak global cues and depreciating rupee.
Tata's Nano car passes Indian road test ANI - Thu, Sep 11
The Singur plant may not be ready to roll out the Nano just yet, but the world's cheapest car is now officially roadworthy for Indian runway.
Delays are raising costs in Indian projects Mittal ANI - Wed, Sep 10
The chairman of Arcelor Mittal, Lakshmi Mittal, said on Wednesday that the company is facing cost overruns for its projects in India because of delays in securing regulatory approvals.