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YES BANK conferred with Best Bank Promoting Tourism Award

India Infoline News Service | Mumbai | August 27, 2015 17:20 IST

YES BANK releases Knowledge Report Indian Civil Aviation At the Cusp of Taking off

Bank of India board to get shareholders nod for preferential Issue of equity shares

India Infoline News Service | Mumbai | August 27, 2015 17:17 IST

Bank of India has announced that the Government of India (GOI) vide its letter dated August 19, 2015 has informed its decision to infuse capital funds to the tune of Rs. 2455 Crore (Two Thousand Four Hundred and Fifty Five crore) in the Bank by way of preferential allotment of equity shares.

Muthoot Finance opens Branches in Srinagar

India Infoline News Service | Mumbai | August 27, 2015 17:12 IST

The Muthoot Group, with its 18 business divisions, 4400+branches, 35,000+ highly dedicated staff and a dominant presence in all states & all union territories is a name to reckon with in the countrys economic growth. The Group also has presence in USA, UK, Hong Kong and Sri Lanka amongst other countries.

RBI expects consumer inflation will hit 6% by Jan 2016

India Infoline News Service | Mumbai | August 27, 2015 17:05 IST

RBI said that there is more room for FIIs in govt debt.The progress of monsoon has allayed Initial fears of moisture shortfall. Government needs to do realistic assessment of revenue, expenditure targets, says RBI.

HDFC zooms 8.4%; logs biggest single day gain since August 2009

India Infoline News Service | Mumbai | August 27, 2015 16:25 IST

The company's insurance arm, HDFC Life, is likely to divest 25 percent stake via public offering soon. HDFC holds around 61.65 percent equity in HDFC Life.

Opus consulting acquires MasterCard emerging payments support accreditation

India Infoline News Service | Mumbai | August 27, 2015 15:31 IST

MasterCard accredits third party companies to help their customers identify knowledgeable suppliers that can support them during and after migration to contact EMV, contactless chip products, deployment of new chip-enabled cards and terminals, mobile pay applications, cloud based payments, and digital enablement services.

SEBI considering delisting companies suspended on exchanges for over 5 years

India Infoline News Service | Mumbai | August 27, 2015 15:29 IST

The Bombay Stock Exchange (BSE) proposed the delisting of counters that had been suspended for seven years, in a representation to Sebi. The bourse proposed delisting of a large number of suspended companies from the exchange and transfer them to the dissemination board.

Government looking to dilute its stake in some public sector banks: Reports

India Infoline News Service | Mumbai | August 27, 2015 14:53 IST

Private players can hold a stake to as high as 33%. Privatisation of banks or atleast reducing the state's stake in public sector bank is high on the government's agenda as bad debts and Non Performing Assets (NPA) has crumpled PSB's profits.

HDFC rallies on buzz of HDFC Life IPO

India Infoline News Service | Mumbai | August 27, 2015 11:54 IST

HDFC Life is likely to divest 25 percent stake in the planned public offering.

Top Banking & Financial news of the day

India Infoline News Service | Mumbai | August 27, 2015 11:14 IST

The Reserve Bank of India Governor Raghuram Rajan has reportedly said that he is not in favour of depreciating the rupee to join the ongoing global competitive currency devaluation.

Axis Bank gains on twin block deals

India Infoline News Service | Mumbai | August 27, 2015 09:48 IST

The stock is now up more than 1.5 percent on the BSE.

FIIs can buy more shares in Hathway Cable: RBI

India Infoline News Service | Mumbai | August 27, 2015 07:12 IST

The investments can go up to 74 per cent (revised from earlier limit of 49 per cent stipulated under Foreign Direct Investment policy) of the companys paid up capital through GDR/ADR/FDI under the Portfolio Investment Scheme (PIS) in primary market and stock exchanges.

Crisil expects rupee at 64/US$ by March

India Infoline News Service | Mumbai | August 27, 2015 06:58 IST

The rupee has dropped by as much as 3.7% in only a few days since the Yuan devaluation on August 11.

RBI to release list of Systematically Important Banks in 2-3 days

India Infoline News Service | Mumbai | August 26, 2015 18:17 IST

This announcement comes in line with previous announcement made in July last year, where RBI had said that it will start naming these SIBs every August, starting from 2015.

Consumption theme: A bright spot in desperate times

India Infoline News Service | Mumbai | August 26, 2015 16:56 IST

High inflation, high interest rates, low rate of rural income growth, low salary growth and poor employment generation as a result of a slowdown in the economy had led to a big slowdown in the consumption story over the past few years. Auto volumes slumped to record low levels, white goods sales slowed and even FMCG firms felt the squeeze.

Bajaj Allianz Life launches money-back plan Cash Assure

India Infoline News Service | Mumbai | August 26, 2015 16:36 IST

At maturity, the plan provides 60% of the sum assured plus the bonus. While the minimum entry age for Bajaj Allianz Cash Assure is below 1 year, minimum maturity age is 18 years.

ICICI Bank launches 'Mortgage Guarantee' backed loans

India Infoline News Service | Mumbai | August 26, 2015 16:14 IST

NamedICICI Bank Extraa Home Loans, it allows a borrower to enhance the loan amount by up to 20% and also provides the option to extend the repayment period up to 67 years of age.

Edelweiss Financial jumps on hike in FII limit in insurance arm

India Infoline News Service | Mumbai | August 26, 2015 16:12 IST

Edelweiss Tokio Life Insurance, has received the Foreign Investment Promotion Board (FIPB) approval to hike its foreign holding limit from 26 percent to 49 percent.

Federal Bank declines 3%

India Infoline News Service | Mumbai | August 26, 2015 16:02 IST

The stock hit a high of Rs. 64 and low of Rs. 59.85 on BSE today

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Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.