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Wednesday, January 28, 2009
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‘Banks’ exposure to Satyam not alarming’
MUMBAI: The Reserve Bank of India (RBI) on Tuesday said banks’ exposure to Satyam group is ‘not alarming’ and the numbers are relatively low. “We have taken a review on exposure of banks to Satyam, including their ...
Stock surges, FIFA not to review contract now
The Federation is watching the situation at Satyam
ISB moves up to 15th position in FT rankings
As many as 440 students of Class 2009 will graduate from the school
Maruti raises prices of some models
NEW DELHI: Maruti Suzuki India on Tuesday announced hike in prices of some its models, including the recently launched A-Star, due to an increase in input costs and foreign currency changes. However, the auto major did not touch the prices of ...
‘India better placed in financial system’
MUMBAI: In the current financial crisis the world-over, Indian financial system is in a better position with strong regulators, compared to the other global economies, Marti G. Subrahmanyam said here on Saturday. “India is having ...
$400 m World Bank loan for Power Grid
NEW DELHI: Power Grid Corporation of India Limited (PGCIL) on Tuesday signed a $400 million loan agreement with the World Bank to fund a basket of transmission projects during the XI Plan. The loan agreement was signed by S. K. Chaturvedi, ...
IBM application finds favour with SMBs
CHENNAI: IBM has achieved rapid business growth in the SMB (small and medium sized businesses) segment in India. The company has announced new IBM DB2 client agreements. The company has launched IBM DB2 last year. More than 100 enterprise ...
Central Bank’s Q3 net at Rs. 353 crore
CHENNAI: Central Bank of India has reported a higher net profit of Rs. 353 crore in the quarter ended December 31, 2008, against Rs. 201 crore in the corresponding period in the previous year. Total income has risen to Rs. 3,033 crore from Rs. ...
LVB reduces rates on deposits, advances
CHENNAI: Lakshmi Vilas Bank has reduced interest rates on deposits and advances. According to a release, the rates on domestic term deposits have been reduced by 50 -150 basis points for different maturities with effect from January 27. In ...
Shriram Transport profit up 35 %
BANGALORE: Shriram Transport Finance Company has recorded revenues of Rs. 972.85 crore during the nine months ended December, 31, 2008, a 45 per cent increase over the same period in the previous fiscal. The profit after tax rose by 35 per ...
Allahabad Bank third quarter profit up
CHENNAI: Allahabad Bank has reported higher income and profit in the third quarter ended December 31, 2008. It has achieved a growth of 28 per cent in operating profit at Rs. 666.06 crore against Rs. 521.12 crore in the corresponding quarter ...
Morrisons partners Wipro Retail
BANGALORE: Morrisons, the U.K. food retailer with 375 stores and annual turnover of £13 billion, has chosen Wipro Retail, a specialist division of Wipro Technologies, as its IT partner. Wipro will support Morrisons to achieve the core ...
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