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Saturday, July 31
ICICI Q1 net up 17%, meets forecast
by
Bhavesh
on Sat 31 Jul 2010 05:12 PM IST
ICICI Bank India's No. 2 lender, posted a 17 percent rise in quarterly net profit, meeting forecasts, on strong corporate and retail loan demand in a rapidly growing economy. Indian banks including bigger rival State Bank of India are seeing an improvement in asset quality as consumer loan defaults slow in an economy forecast to grow about 8.5 percent in the current year ending next March.
Credit demand seen up 15 pct in FY11: ICICI Bank CEO
by
Bhavesh
on Sat 31 Jul 2010 05:08 PM IST
ICICI Bank , India's second-largest lender, expects credit demand to grow by 15 percent in the year to March 2011, Chief Executive Chanda Kochhar said on Saturday. Earlier, the bank reported a 17 percent rise in quarterly profit to 10.26 billion rupees ($221 million).
J.J. Irani expects 100 mn tonne steel production by 2015
by
Bhavesh
on Sat 31 Jul 2010 05:07 PM IST
Kolkata : India should touch steel production of 100 million tonnes by 2015, Tata Sons Ltd director Jamshed J. Irani said Saturday. 'I think we are geared for that. By 2015, we should be reaching 100 million tonnes,' he told reporters on the sidelines of a seminar 'CII National Conference on Leadership and Organisational Change'.
Gold recovers on global cues
by
Bhavesh
on Sat 31 Jul 2010 03:59 PM IST
New Delhi : Gold recovered by Rs 95 to Rs 18,145 per ten
grams in the bullion market today on emergence of buying by stockists
and retail customers and a sharp rally in prices overseas. Silver also
spurted by Rs 450 to Rs 28,900 per kg on increased off take by
industrial units and coins makers.
Read this complete story
Uninor takes rates to new low
by
Bhavesh
on Sat 31 Jul 2010 01:39 PM IST
NEW DELHI : Taking the tariff war to a
new low, Uninor, a JV between Unitech and Norway-based Telenor, on Friday
offered an up to 60% discount on one paise-per-second tariffs, depending upon
the location and timing of a call.
Read this complete story
Rs-$ currency options okayed
by
Bhavesh
on Sat 31 Jul 2010 01:35 PM IST
MUMBAI : RBI on Friday allowed stock
exchanges to launch currency options on Indian rupee and US dollar, something
that industry players say will complete the suite of available derivatives
products and help customers to hedge their currency risks better.
Read this complete story
Sensex ends 123 points down, global cues negative
by
Bhavesh
on Sat 31 Jul 2010 01:34 PM IST
MUMBAI : Late selling pressured a
benchmark index for Indian equities on Friday to close 123 points lower on a
lacklustre day of trade. Global markets too exhibited a negative
tendency.
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US, India sign pact on reprocessing of nuclear spent fuel
by
Bhavesh
on Sat 31 Jul 2010 12:53 PM IST
India and US have signed an agreement on reprocessing of American nuclear spent fuel by India, marking the final steps in terms of implementation of the landmark civil nuclear deal between the two countries. Upon entry into force, the arrangements and procedures will enable reprocessing by India of the US obligated nuclear material at a new national reprocessing facility to be established by India, dedicated to the reprocessing of safeguarded nuclear material under International Atomic Energy Agency safeguards.
PNB fires first shot, raises rates by 75 bps
by
Bhavesh
on Sat 31 Jul 2010 12:26 PM IST
In a move that indicates money could become much more costly soon,
Punjab National Bank (PNB) on Friday increased lending rates, raising
its benchmark prime lending rate (BPLR) by a steep 75 basis points to
11.75 per cent. However, the the country's second-largest lender left
its base rate unchanged at 8 per cent.
Read this complete story |
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