Chennai, (IANS) : Global credit rating agencies on Sunday welcomed the appointment of Urjit Patel as the next Governor of the Reserve Bank of India and hoped for continuity of the existing monetary policies. "We assume continuity of the RBI's policies under the new...
Chennai, (IANS) : The share swap ratio announced by State Bank of India (SBI) for taking over three of its listed associate banks and the Bharatiya Mahila Bank (BMB) is a non-event with revenue synergy/cost efficiencies being open variables and little change in...
Mumbai, (IANS) : In a bid to develop a strong corporate bond market in India, an expert group on Thursday suggested standardisation of corporate bond issuance, relaxing norms for allowing foreign investments, creation of a bond index and encouraging corporates to tap...
Bengaluru, (IANS) : Global software major Infosys Ltd. will soon lay off about 3,000 techies since the Royal Bank of Scotland (RBS) has cancelled the contract for setting up a new bank (Williams & Glyn). "Subsequent to this (RBS) decision, we will carry out an...
Mumbai, (IANS) : Reliance Capital Ltd said on Saturday it closed the first quarter of the current fiscal with a consolidated net profit of Rs.207 crore. The company, part of the Anil Ambani-led Reliance Group, said it has logged a consolidated net profit of Rs.207...
Mumbai, (IANS) : Copper and aluminium maker Hindalco Industries on Friday reported a whopping 381 per cent jump in its stand-alone net profit to Rs 294 crore in the quarter ended June 30, as compared to Rs 61 crore in the corresponding period last year. In the period...
Chennai, (IANS) : Lower net profit or net loss and higher provisioning against bad loans marked the first quarter results of three government-owned Indian banks declared on Friday. Leading the pack was the State Bank of India (SBI) that reported a net profit of Rs...
Mumbai, (IANS) : Drug major Sun Pharmaceutical Industries Ltd on Friday said it closed the first quarter of the current fiscal with a net loss of Rs 151.46 crore. In a regulatory filing at BSE, the company said it posted a net loss of Rs 151.46 crore for the quarter...
Mumbai, (IANS) : Government-owned Bank of Baroda on Thursday said it closed the first quarter of the current fiscal with net profit of Rs 423.62 crore. In a regulatory filing in BSE, the bank said it has posted a net profit of Rs 423.62 crore for the quarter ended...
New Delhi, (IANS) : With Reliance Jio rolling out its service soon, analysts feel it will catalyse the development of new powerful paradigms in India's data market, but also with incumbents having to think innovativsly to reverse slowing data revenue growth. “Reliance...