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Everything you need to know about Bank: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Bank: news, reviews, in-depth analysis, opinion and more

RBI set to cap Bank's large Exposure at 25 per cent of Tier 1 Capital

March 29, 2015 at 5:59 PM

The Reserve Bank of India is all set to cap banks' large exposure (LE) to each counterparty, including a group of connected counterparties, at 25 per cent of their Tier 1 capital. It has been come into light by the new announcement made by RBI.

Banking stocks fall on concern new norms may hit profits

May 3, 2012 at 2:54 PM

Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms that mandate lenders to keep aside a higher percentage of capital that may hit their profits.

Sensex falls 126 points; auto, realty stocks slump

May 3, 2012 at 12:46 PM

Mumbai, May 3 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Thursday, led by selling pressure in auto, realty and banking stocks due to sluggish global cues.

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Britain refuses asylum request from Moscow bankers

May 3, 2012 at 6:38 AM

London, May 3 (IANS/RIA Novosti) Britain has refused to grant political asylum to two former officials of a Moscow bank, after they were placed on the Interpol wanted list on charges of fraud involving government funds.

Rs.4.64 billion MSTC fraud - CBI nabs three

May 2, 2012 at 9:02 PM

Mumbai, May 2 (IANS) The CBI has arrested three more officials of the Mineral Scrap Trading Corp (MSTC), a central government mini ratna firm, for allegedly cheating and causing losses Rs.4.64 billon loss to the exchequer, an official said Wednesday.

Mukherjee to attend ADB meet in Manila

May 2, 2012 at 8:30 PM

New Delhi, May 2 (IANS) Finance Minister Pranab Mukherjee is scheduled to visit Manila this week to attend the annual board of governors' meet of Asian Development Bank (ADB).

Bangladesh foreign currency reserves up

May 2, 2012 at 6:40 PM

Dhaka, May 2 (IANS) Bangladesh's foreign currency reserves rose to $10.19 billion in April after the International Monetary Fund (IMF) handed over the first instalment of its loan to the country.

Pranab to visit Manila and Dhaka

May 2, 2012 at 5:14 PM

New Delhi, May 2(ANI): Finance Minister Pranab Mukherjee will leave on three-day visit to Manila and Dhaka on Thursday. In Manila, Mukherjee will attend the Asian Development Bank's (ADB's) 45th Annual Board of Governors' meeting and discuss issues relating to global economic situation, infrastructure development, urbanization, energy security, regional and South-South Cooperation.

Series of low intensity bomb blasts target ATMs, bank branches across Sindh

May 2, 2012 at 2:02 PM

Karachi, May 2 (ANI): A series of bombs went off outside various bank branches and Automated Teller Machines (ATM) in different cities of Sindh early Wednesday morning injuring at least four people.

Dow Jones industrial average hits highest mark since 2007

May 2, 2012 at 1:14 PM

New York, May 2 (ANI): The Dow Jones industrial average reached its highest close in more than four years following an accelerated growth in its manufacturing within 10 months, an industry survey firm has revealed.

Six hurt in 15 blasts across Pakistan province

May 2, 2012 at 10:58 AM

Islamabad, May 2 (IANS) At least six people were injured in 15 blasts across Pakistan's Sindh province Wednesday, a media report said.

Emirates Islamic Bank profits up

May 1, 2012 at 11:54 PM

Dubai, May 1 (IANS/WAM) The Emirates Islamic Bank announced Tuesday that its operating profits rose to 138 million dirhams (about $16 million) at the close of the first quarter of 2012.

Ponting not going anywhere: Micky Arthur

May 1, 2012 at 7:30 PM

Sydney, May 1 (IANS) Australian coach Mickey Arthur said Tuesday that former captain Ricky Ponting was very much in the reckoning to play in next year's Ashes series in England.

Sri Lanka's annual inflation rises to seven-month high

May 1, 2012 at 5:38 PM

Colombo, May 1 (Xinhua-ANI): Sri Lanka's annual inflation rate rose to 6.1 percent last month reaching a seven-month high compared to 2011, showed latest data on Tuesday.

Sri Lanka mobile phone connections exceed population

May 1, 2012 at 5:38 PM

Colombo, May 1 (Xinhua-ANI): The mobile telephone users in Sri Lanka have increased rapidly over the year 2011 with more than 105 telephone connections for 100 people, a spokesman said on Tuesday.

Sri Lanka has more mobile phones per person

May 1, 2012 at 3:06 PM

Colombo, May 1 (IANS) The mobile telephone users in Sri Lanka have increased rapidly over the year 2011 with more than 105 telephone connections for 100 people, authorities said Tuesday.

South Korea's consumer price growth slows

May 1, 2012 at 2:50 PM

Seoul, May 1 (IANS) South Korea's consumer price growth slowed to 2.5 percent in April, a report showed Tuesday.

Australia cuts cash rate to boost growth

May 1, 2012 at 2:50 PM

Sydney, May 1 (IANS) The Reserve Bank of Australia (RBA) announced Tuesday that it decided to cut the official interest rate by 50 basis points.

Delegates begin arriving for ADB's 45th annual meeting in Manila

May 1, 2012 at 1:22 PM

Manila, May 1, (Xinhua-ANI): Delegates have begun arriving at the Philippine International Convention Center to register for the Asian Development Bank's (ADB) 45th Annual Meeting of its Board of Governors, which begins Wednesday, a ADB statement said Tuesday.

China manufacturing expands as growth slows

May 1, 2012 at 11:54 AM

Beijing, May 1 (Xinhua-ANI): China's Purchasing Managers Index (PMI), a preliminary readout of manufacturing activities, rose in April for the fifth consecutive month, new data showed on Tuesday.

Left Front announces candidates for Bengal by-polls

April 30, 2012 at 8:26 PM

Kolkata, April 30 (IANS) The Left Front announced Monday its candidates for the Daspur and Bankura assembly seats in West Bengal where by-elections are scheduled on June 12.

Home Ministry extends SRE scheme to 20 more LWE-affected districts

April 30, 2012 at 8:10 PM

New Delhi, Apr 30 (ANI): Union Home Minister P. Chidambaram on Monday informed that Security Related Expenditure (SRE) scheme has been extended to 20 more Left Wing Extremism (LWE)-affected districts.

Vijaya Bank net zooms 235 percent in Q4

April 30, 2012 at 6:18 PM

Bangalore, April 30 (IANS) State-run Vijaya Bank posted net profit of Rs.181 crore for the fourth quarter (January-March) of fiscal 2011-12, registering a whopping 235 percent jump from Rs.54 crore the same quarter an year ago (2010-11) and 46 percent increase sequentially from Rs.124 crore in third quarter (Oct-Dec) of FY 2012.

Fraudsters can steal your card details using contactless technology

April 30, 2012 at 4:50 PM

London, April 30 (ANI): Millions of shoppers are now able to buy goods by simply waving their card in front of a reader at the tills, even if it is still in a wallet or a purse, thanks to a new contactless technology being brought in by banks.

100 post offices to register for Amarnath yatra: SASB

April 30, 2012 at 3:54 PM

Srinagar, April 30 (IANS) For the first time, 100 post offices accross the country will register pilgrims for the annual Amarnath Yatra in Jammu and Kashmir, officials said Monday as authorities battled massive damage to the Baltal base camp due to snowfall just a month ahead of the 2012 tour.

Sensex up 76.94 points

April 30, 2012 at 3:54 PM

Mumbai, April 30 (IANS) Led by good buying support for information technology (IT) and bank scrips, a benchmark index for Indian equities markets was trading 76.94 points higher around the 2 p.m. trade session Monday.

Moody's may downgrade India's three top private lenders

April 30, 2012 at 2:02 PM

Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis Bank for possible downgrade.

Bank of India quarterly net profit rises 93 percent

April 30, 2012 at 2:02 PM

Mumbai, April 30 (IANS) State-owned Bank of India Monday reported an increase of 93 percent in net profit at Rs.952.73 crore for the quarter ended March 31 against Rs.493.64 crore during the like period of the previous financial year.

Sensex up 160.85 points in afternoon trade

April 30, 2012 at 1:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets was trading 160.85 points higher in the afternoon session Monday, led by good buying support for information technology (IT) and bank scrips.

Australian inflation marginally up in April

April 30, 2012 at 1:22 PM

Sydney, April 30 (IANS) The consumer price in Australia continued to rise in April, said a survey released Monday.

Skill development training for women in Manipur

April 29, 2012 at 5:54 PM

Imphal, Apr 29 (ANI): With a view to empowering women by granting them economic independence, Self Employment Voluntary Association (SEVA) under the aegis of National Bank of Agriculture and Rural Development (NABARD) has organized a skill development training here, wherein the participants, mostly unemployed, are being trained on preservation, storage and processing of fruits and vegetables, and on the process of extraction of juice from the fruits.

I don't need opposition leader permission to enter National Assembly: Gilani

April 29, 2012 at 1:06 PM

Lahore, Apr 29(ANI): Pakistan Prime Minister Yousuf Raza Gilani has said he does not need any opposition leader's permission to enter the National Assembly (NA), as he was a unanimously elected prime minister and member of parliament.

Akhilesh government to roll out 'red carpet' for scribes

April 29, 2012 at 12:10 PM

Lucknow, April 29 (IANS) How to create a media-friendly environment in government offices and make maximum information available to journalists? This is a key task for the Akhilesh Yadav government in Uttar Pradesh, which is working out measures to facilitate media persons, who had "not so good" a time during the previous Mayawati rule.

Bogibeel Project to bridge Brahmaputra

April 28, 2012 at 7:30 PM

Guwahati, Apr 28 (ANI): The 4.940 km long Bogibeel rail cum road project over the Brahmaputra will enhance the connectivity between Assam and Arunachal Pradesh.

Sensex gains 53.09 points in special trade

April 28, 2012 at 4:58 PM

Mumbai, April 28 (IANS) A benchmark index for Indian equities markets in a special trading session Saturday gained 53.09 points to close at 17,187.34 points.

Delhi to host ADB board meet in 2013

April 28, 2012 at 3:38 PM

New Delhi, April 28 (IANS) Delhi will host the 46th annual meeting of the board of governors of the Asian Development Bank (ADB) in May 2013, Finance Minister Pranab Mukherjee said while releasing the logo of the event in the national capital Saturday.

India's forex reserves rise by $1.46 billion

April 28, 2012 at 2:10 PM

Mumbai, April 28 (IANS) India's foreign exchange (forex) reserves rose by $1.46 billion to $294.60 billion for the week ended April 20, official data showed. Forex reserves had risen by $213.8 million to $293.14 billion in the previous week.

Don Omar, Prince Royce big winners at Billboard Latin awards

April 28, 2012 at 10:26 AM

Miami, April 28 (IANS/EFE) Puerto Rican reggaeton star Don Omar and New York City-born Bachata singer Prince Royce stole the show at the Billboard Latin Music Awards, taking home eight trophies each.

Six Indian-Americans win fellowships

April 28, 2012 at 10:10 AM

Washington, April 28 (IANS) Six Indian Americans are among 30 immigrants and children of immigrants from 20 countries who have won 2012 Paul and Daisy Soros New American Fellowships to pursue advanced degrees.

Remittances to India rose to $64 billion in 2011: World Bank

April 27, 2012 at 7:22 PM

New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost three percent of the country's gross domestic product (GDP), according to World Bank data.

Sensex closes flat; ICICI rallies on Q4 earnings (Roundup)

April 27, 2012 at 5:54 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets Friday closed flat amidst choppy trade. ICICI Bank emerged the top gainer after the private lender announced robust fourth quarter earnings.

ICICI Bank quarterly net profit rises 31 percent

April 27, 2012 at 4:26 PM

Mumbai, April 27 (IANS) India's largest private sector lender ICICI Bank Friday posted an increase of 31 percent for the quarter ended March 31 at Rs.1,901.76 crore due to a decline in bad debts.

Sensex down 19.46 points; ICICI Bank stock rallies

April 27, 2012 at 3:46 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 19.46 points down around 2.00 p.m. Friday. Amidst the choppy session of trade, ICICI Bank's scrip came out the top gainer after it lender announced robust fourth quarter earning results.

Jayalalithaa opposes rate hike on rural infra loans

April 27, 2012 at 3:22 PM

Chennai, April 27 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Friday urged Prime Minister Manmohan Singh not to raise the interest rates on loans provided under the Rural Infrastructure Development Fund (RIDF).

India needs to fast-track reforms, cut fiscal deficit to support slowing economy: ADB

April 27, 2012 at 1:22 PM

New Delhi, April 27 (ANI): The Asian Development Bank (ADB) has said India requires to fast-track reforms and cut down fiscal deficit to support a slowing economy.

Sensex remains choppy; ICICI Bank, M&M rally

April 27, 2012 at 1:06 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 22 points higher in the afternoon session Friday, led by good buying support in ICICI Bank scrips on expectations of robust earnings.

World Bank to open office in Myanmar

April 27, 2012 at 5:54 AM

Washington, April 27 (IANS) The World Bank will open an office in Myanmar in June, a bank official said Thursday.

Cabinet okays banking laws amendment bill

April 26, 2012 at 8:34 PM

New Delhi, April 26 (IANS) The cabinet Thursday okayed the Banking Laws (Amendment) Bill seeking to raise voting rights ceilings in private banks.

RBI not to interfere in bank service charges

April 26, 2012 at 7:42 PM

Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks from collecting charges for various services or insist on a minimum balance, as it is the choice of the customer where to open account, Deputy Governor K.C. Chakrabarty said here Thursday.

S&P downgrading is an alarm for India, but not panic: Pranab

April 26, 2012 at 4:19 PM

Finance Minister Pranab Mukherjee Wednesday stated that credit rating agency Standard & Poor's (S&P) recent move to lower down India's rating from balance to negative is a timely warning signal, but he however assured that it is not a panic situation.....................

India's financial system still strong, says RBI deputy governor

April 26, 2012 at 3:37 PM

Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & Poor's (S&P) scaling down of the country's credit rating outlook to negative.

Bihar's hydel project gets Central Water Commission's nod

April 26, 2012 at 3:22 PM

Patna, April 26 (IANS) Power-starved Bihar's 126 MW capacity Dagmara hydro power project in Supaul district has got clearance from the Central Water Commission (CWC), and the state government is likely to start work on it soon, officials said Thursday.

Twitter abuzz over Gilani's conviction

April 26, 2012 at 2:09 PM

Islamabad, April 26 (IANS) Microblogging site Twitter was abuzz soon after Prime Minister Yousuf Raza Gilani was convicted Thursday by the Supreme Court. A tweet said: "We need to respect & protect democratic values, not the individuals."

ADB aid to developing countries tops $21.7 bn in 2011

April 26, 2012 at 12:58 PM

Manila, April 26 (IANS) The Asian Development Bank (ADB) approved $21.72 billion in financing operations to Asian developing countries in 2011, a 14.5 percent year-on-year increase, according to its 2011 Annual Report.

US mortgage applications down despite record low rates

April 26, 2012 at 12:33 PM

Washington, April 26 (IANS) US mortgage applications decreased last week despite an all-time low in mortgage rates, according to the latest Weekly Mortgage Applications Survey released Wednesday by the US Mortgage Bankers Association (MBA).

New Zealand interest rate unchanged

April 26, 2012 at 12:33 PM

Wellington, April 26 (IANS) New Zealand's central bank Thursday announced it is to leave its interest rate unchanged at 2.5 percent.

South Korea's GDP grew 0.9 percent in Q1

April 26, 2012 at 12:17 PM

Seoul, April 26 (IANS) South Korea's gross domestic product (GDP) grew 0.9 percent in the first quarter from three months earlier, the central bank said Thursday.

Food prices rise on costlier oil: World Bank

April 26, 2012 at 5:53 AM

Washington, April 26 (IANS) Global food prices rose by eight percent in the first three months of 2012 due to higher oil prices, adverse weather and strong demand in Asia, the World Bank said in its latest Food Price Watch report Wednesday.

Salman Khurshid plays down S andP rating

April 25, 2012 at 9:59 PM

New Delhi, Apr 25 (ANI): Union Law and Justice Minister Salman Khurshid on Wednesday played down the global agency Standard and Poor's (S andP) rating for India, saying he was confident that the country would get out from the economic slowdown crisis and the economic conditions would significantly improve.

S&P lowers outlook on SBI, ICICI and HDFC Bank

April 25, 2012 at 7:57 PM

Mumbai, April 25 (IANS) Global ratings agency Standard & Poor's Wednesday cut its outlook to negative from stable on 11 financial institutions, including the top three banks State Bank of India, ICICI Bank and HDFC Bank, to negative from stable, but kept their ratings unchanged.

Over 130 government Web sites hacked during January-March 2012

April 25, 2012 at 6:13 PM

New Delhi, April 25 (IANS) Over 130 government websites were hacked during the first three months of 2012, Minister of State for Communications and IT Sachin Pilot said Wednesday.

Pak SC rejects Interior Ministry report in 'ISI funding politicians' case

April 25, 2012 at 5:26 PM

Islamabad, Apr 25 (ANI): The Supreme Court (SC) which resumed hearing of the Asghar Khan case, pertaining to the alleged distribution of funds by the ISI to politicians, declared the report submitted by the Interior Ministry as unacceptable, saying that the report was based on memories of Interior Minister Rehman Malik.

Sensex ends 56 points down ahead of F&O expiry

April 25, 2012 at 5:25 PM

Mumbai, April 25 (IANS) A benchmark index for Indian equities markets closed 56 points lower Wednesday in choppy trade ahead of April futures and options expiry Thursday and after rating agency Standard & Poor's cut India's growth outlook from stable to negative.

Sri Lankan tea production drops on weather woes

April 25, 2012 at 5:23 PM

Colombo, April 25 (Xinhua-ANI): Sri Lanka's tea production fell 22.6 percent in March compared with the same period of 2011, said the state-run Tea Board on Wednesday fueling fears that the industry is heading for tough times.

With reforms under stress, India stares at ratings cut (Roundup)

April 25, 2012 at 5:23 PM

New Delhi/Mumbai, April 25 (IANS) In a firm warning that all is not well with the Indian economy, the country's outlook was lowered Wednesday to negative from stable by Standard and Poors' with the caveat that its credit rating may also be downgraded.

High inflation smothers salaries in Italy

April 25, 2012 at 2:56 PM

Rome, April 25 (IANS/AKI) Salaries in Italy have touched their lowest in real terms in almost 17 years, according to fresh data.

Sri Lankan tea production drops

April 25, 2012 at 2:56 PM

Colombo, April 25 (IANS) Sri Lanka's tea production fell 22.6 percent in March compared with the same period of 2011, said the state-run Tea Board Wednesday, fueling fears that the industry is heading for tough times.

Sensex slumps 117.57 points, Wipro tanks

April 25, 2012 at 2:41 PM

Mumbai, April 25 (IANS) A benchmark index for Indian equities markets was trading 117.57 points lower in the afternoon session Wednesday, affected by a decline in the shares of IT and power firms whose share prices came down by over 7 percent.

South Korea's consumer confidence rises

April 25, 2012 at 12:48 PM

Seoul, April 25 (IANS) South Korea's consumer confidence rose for three straight months in April, the central bank said Wednesday.

Sri Lanka to have blood pressure meters in public places

April 25, 2012 at 10:24 AM

Colombo, April 25 (IANS) Sri Lanka will install meters in Colombo's public places to measure blood pressure of people, in a country where at least 350 die every day due to heart attacks, hypertension and respiratory diseases.

By-polls in two Bengal assembly constituencies June 12

April 25, 2012 at 1:26 AM

Kolkata, April 24 (IANS) By-elections in two West Bengal Assembly constituencies - Daspur and Bankura - will be held June 12, the Election Commission announced Tuesday.

Bengal aims at 60 days work under rural jobs scheme

April 25, 2012 at 1:25 AM

Lalgarh (West Bengal), April 24 (IANS) West Bengal aims to give 60 days of work to each household under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the coming year, Chief Minister Mamata Banerjee said Tuesday.

Watch 'Tezz' for fast paced action (IANS Preview)

April 24, 2012 at 6:29 PM

New Delhi, April 24 (IANS) After entertaining people with comedy capers like "Hera Pheri" and "Bhool Bhulaiya", filmmaker Priyadarshan is set to regale audiences with some high octane stunts in his forthcoming multi-starrer "Tezz".

Did Berlusconi offer to 'cover Ruby in gold' to keep her quiet?

April 24, 2012 at 11:57 AM

London, April 24 (ANI): The teenage belly dancer allegedly paid by Silvio Berlusconi for sex told a friend that the former Italian prime minister offered her to give all the money she wants and to cover her in gold to keep silence about their relationship, according to newly emerged wiretaps.

New Zealand banks register rise in profits

April 24, 2012 at 11:56 AM

Wellington, April 24 (IANS) New Zealand's registered banks reported combined profits of 3.3 billion NZ dollars ($2.68 billion) last year, despite the fact that borrowing continued to be slow, according to a survey out Tuesday.

Govt. on target as second half of budget session resumes today

April 24, 2012 at 11:48 AM

The second half of the budget session is set to begin today in both houses of the Parliament, and the opposition is eyeing to take on the UPA government on the edge. There are many issues on which BJP and other opposition parties can corner the government.........

Parliament's budget session resumes tomorrow

April 23, 2012 at 10:28 PM

New Delhi, Apr 23 (ANI): After a recess of three weeks the second phase of parliament's budget session will resume on Tuesday as the central government is prepares to get important legislations such as the Banking Reforms Bill, Insurance Bill, Pension and Lokpal Bill pass in within this session.

SBI, Allahabad Bank cut interest rates

April 23, 2012 at 8:12 PM

Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.

Ex Pak army chief opposes judicial commission probe of secret funds

April 23, 2012 at 3:40 PM

Islamabad, Apr 23(ANI): Former Pakistan army chief General (retd) Mirza Aslam Beg has opposed the idea of forming a judicial commission to probe the distribution of secret funds to politicians and accused former Mehran Bank head Younus Habib of prolonging the matter by forming the commission.

Australia's producer price index down

April 23, 2012 at 12:52 PM

Sydney, April 23 (IANS) Australia's producer price index (PPI) at the final stage of production fell 0.3 percent in the March quarter, following a 0.3 percent rise in the December quarter, data released Monday by the Australian Bureau of Statistics (ABS) showed.

Satellite phones to help Bihar fight Maoists, floods

April 23, 2012 at 12:52 PM

Patna, April 23 (IANS) Satellite phones will be installed at 85 places in Maoist and flood-affected districts of Bihar for better communications in times of emergency, officials Monday said.

South Korean firms' profitability weakens in 2011

April 23, 2012 at 12:28 PM

Seoul, April 23 (IANS) South Korean firms' profitability weakened last year due to an increase in production costs caused by a rise in global raw material prices, the country's central bank said Monday.

No leadership vacuum in India, says Pranab

April 23, 2012 at 11:00 AM

Washington, April 23 (IANS) Finance Minister Pranab Mukherjee has rejected a suggestion from corporate America that a leadership "vacuum" was chipping away at India's investment climate and asserted that India has a "very powerful, strong and acceptable prime minister".

Business sentiments worse than reality: Adi Godrej (Interview)

April 23, 2012 at 9:24 AM

New Delhi, April 23 (IANS) The Indian economy and businesses are passing through difficult times due to lack of reforms and governance, but the sentiments are even worse than the reality, said Adi Godrej, chairman of the Godrej Group.

'India has substantially reduced oil imports from Iran'

April 22, 2012 at 11:08 PM

Washington, April 22 (IANS) In the face of US sanctions on Iran, India has significantly reduced its oil imports from the country, though rising oil prices have caused immense problems for the Indian economy, Finance Minister Pranab Mukherjee said here Sunday.

India seeks quick ratification of quota reforms

April 22, 2012 at 10:36 PM

Washington, April 22 (IANS) Indian Finance Minister Pranab Mukherjee has urged lagging International Monetary Fund (IMF) members to move quickly to ratify quota and governance reforms that would give developing nations a greater voice in running the 188-nation global lender.

India has a very powerful prime minister: Mukherjee

April 22, 2012 at 9:48 PM

Washington, April 22 (IANS) Asserting that India has a "very powerful, strong and acceptable prime minister," Finance Minister Pranab Mukherjee Sunday rejected a suggestion from corporate America that a leadership "vacuum" was chipping away at India's investment climate.

India continuing on the reform path: Mukherjee

April 22, 2012 at 9:00 PM

Washington, April 22 (IANS) Rejecting opposition charges of a policy paralysis on reforms back home, Finance Minister Pranab Mukherjee today that the United Progressive Alliance was going ahead with a series of reforms to spur the economy.

Office boredom drives men to flirt

April 22, 2012 at 3:32 PM

London, April 22 (IANS) Office boredom rather than sparks of passion drives men to flirt with female colleagues, says a Surrey University study based on a survey of 200 people.

Bihar alerts legislators, officials in 33 Maoist-hit districts

April 22, 2012 at 2:37 PM

Patna, April 22 (IANS) In the wake of audacious abductions by Maoists in Odisha and Chattisgarh, the Bihar government has asked legislators and top officials in the state's 33 insurgency-hit districts to step-up their security and avoid late night travel, officials said Sunday.

Protect 'innocent bystanders' from global financial crisis: India

April 22, 2012 at 12:53 PM

Washington, April 22 (IANS) As the International Monetary Fund (IMF) doubled its lending power with over $430 billion pledged to a reinforced safety net to bail out countries during global financial crises, India stressed that contributions should be voluntary and not linked with future voice or governance reform and should be able to bail out "innocent bystanders" affected by them.

World Bank, IMF call for inclusive growth, poverty reduction

April 22, 2012 at 11:09 AM

Washington, April 22 (Xinhua-ANI): The World Bank and the International Monetary Fund (IMF) have called for further efforts on inclusive growth and poverty reduction amid fragile global recovery.

Yes Bank to focus on retail segment for growth

April 21, 2012 at 8:29 PM

Chennai, April 21 (IANS) Privately-owned Yes Bank Ltd will train its focus on retail banking in order to grow its current account and savings account (CASA) portfolio, said a senior bank official here Saturday.

Kingfisher negotiates with striking employees

April 21, 2012 at 7:33 PM

New Delhi/Mumbai, April 21 (IANS) Kingfisher Airlines said it is negotiating with the agitating employees who went on a flash strike Saturday over non-payment of salaries and hopes to resolve the problem soon.

Patnaik shocked at Odisha student's killing in US

April 21, 2012 at 7:33 PM

Bhubaneswar, April 21 (IANS) Chief Minister Naveen Patnaik Saturday expressed shock over the murder i n the US of a 24-year-old student from Odisha.

Economic adviser Basu is speaking the language of IMF and World Bank, says BJP

April 21, 2012 at 7:01 PM

Varanasi, Apr 21 (ANI): Bharatiya Janta Party (BJP) leader Murli Manohar Joshi on Saturday flayed the chief economic adviser Kaushik Basu for his remarks on economic reforms in the country, adding he was speaking the language of the International Monetary Fund (IMF) and World Bank.

Amarnath pilgrimage registration from May 7

April 21, 2012 at 6:13 PM

Jammu, April 21 (IANS) The Shri Amarnath Shrine Board (SASB) Saturday announced that the registration for the annual pilgrimage to the cave shrine devoted to Lord Shiva will start May 7.

IDBI Bank quarterly net profit rises to Rs.770.78 crore

April 21, 2012 at 5:17 PM

New Delhi, April 21 (IANS) IDBI Bank Saturday reported a net profit of Rs.770.78 crore for the quarter ended March 31, against Rs.516.25 crore logged in the like period of the previous financial year.

India's forex reserves rise by $213.8 million

April 21, 2012 at 2:29 PM

Mumbai, April 21 (IANS) India's foreign exchange (forex) reserves rose by $213.8 million to $293.14 billion for the week ended April 13, after declining by $1.47 billion in the previous week, official data showed.

Flirting men don't fancy you they're just 'bored at work'

April 21, 2012 at 1:09 PM

London, Apr 21 (ANI): Men who flirt with their female colleagues do so because they are bored of their job and are lacking in sensitivity, a new study has claimed.

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