Recent Event Highlights: Indian rupee will appreciate over time: growth, bank regulation, global influence, US decline, Nifty may trade within 5200-5400 - Economic Times, State Bank Of India Launches Custodial Services With Societe Generale - FOXBusiness, Bank of Baroda Said to Market Benchmark Dollar Bonds - BusinessWeek, Credit Suisse Gets Nod to Set Up Branch in India - Wall Street Journal, Axis Bank prices $350 million benchmark deal - FinanceAsia, and 127 more...
Created by dipity on May 12, 2009
Last updated: 01/11/11 at 10:54 AM
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Atsi Sheth, chief economist at Macrosutra, says .....the Indian currency will appreciate over time vis-à-vis dollar because India will maintain balance surplus..... While industry grows at a scorching pace, the government is faced with a challenge of managing food prices and there have been various calls on withdrawing the stimulus measures. In an interview..... Atsi Sheth, Chief Economist, Macro-Sutra, spoke about food price inflation and withdrawal of stimulus measures.... " High food prices cut into consumer pricing power in a big way and 37% growth cannot be maintained if food inflation is at 20%. Food prices tend to lead into wage inflation, which means the RBI might have to tighten even more than I think they will." www.moneycontrol.com New Delhi: The food inflation picked up for the fourth straight week in early February, heightening worries it was driving headline inflation past official forecasts and increasing the chance of the Reserve Bank of India (RBI) pushing up rates..... "Going forward, food prices will moderate and non-food prices will start putting more pressure on the WPI," said Atsi Sheth, economist with Macro-Sutra. "The RBI has already anticipated a fairly high headline number mainly on a low base. They will look at month-on-month increase in manufacturing prices and credit growth figure before taking any monetary action." The central bank is widely expected to raise borrowing rates after it surprised markets last month with a bigger-than-expected ...
Nifty may trade within 5200-5400Economic TimesBanking stocks like SBI, Indian Bank and OBC are seeing short-covering. The fresh open interest build-up may trigger further upsides in these stocks. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2Fmarkets%2Fanalysis%2FNifty-may-trade-within-5200-5400%2Farticleshow%2F5740692.cms&usg=AFQjCNEPlDJig0FcHXP-qToP0Z2owHi0Hw
Stock WatchState Bank Of India Launches Custodial Services With Societe GeneraleFOXBusinessThe partners expect the joint venture to do business of about $10 billion in its first year of operation, the state-run Indian bank said in a statement. ...SBI and Societe Generale form custodial service joint ventureStock WatchSBI, Societe Generale custodial JV begins operationsNDTV.comall 8 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.foxbusiness.com%2Fstory%2Fmarkets%2Findustries%2Ffinance%2Fstate-bank-india-launches-custodial-services-societe-generale%2F&usg=AFQjCNHrEzdPzZeTrHiDSIyDXlEpM_ZX1Q
Bank of Baroda Said to Market Benchmark Dollar BondsBusinessWeek“There's always demand from investors to buy Indian bank debt,” Scott Bennett, Aberdeen Asset Management Asia Ltd.'s head of credit for the region, ...and more »
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TopNews Singapore (press release)Credit Suisse Gets Nod to Set Up Branch in IndiaWall Street JournalAlso, under a bilateral agreement between India and Singapore, India's central bank has allotted eight branch licences to bank, DBS. ...Credit Suisse gets nod for branch in MumbaiLivemintCredit Suisse Gets License to Open Branch in MumbaiBusinessWeekCredit Suisse to open first bank branch in IndiaExpatica SwitzerlandDaily News & Analysis -VC Circleall 49 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303945204575150892702557092.html%3Fmod%3DWSJ_latestheadlines&usg=AFQjCNFQjBVUoCPxAwm7rxosbsbuU9KC7Q
Back from the dead? and howTrading Markets (press release)Indian Bank currently has a branch network of 1700, of which 60 per cent is in southern India. But realising the importance of a pan-India presence, ...The Asset > Magazine > Axis Bank upsizes bond deal to...theasset.comSatisfaction vaultTrading Markets (press release)The elephant learns to danceTrading Markets (press release)all 7 news articles »
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Calcutta TelegraphAxis Bank prices $350 million benchmark dealFinanceAsiaThe Reg-S deal was formally issued through the bank's branch at the Dubai International Financial Centre. The deal, which was priced early Friday morning ...Indian banks embark on RegS funding jamboreeIFR AsiaAxis Bank raises $350 mn via MTNSifyPower Fin sells bonds worth Rs1,500 crLivemintIndian Express -Hindu Business Line -Trading Markets (press release)all 26 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.financeasia.com%2FNews%2F170643%2Caxis-bank-prices-350-million-benchmark-deal.aspx&usg=AFQjCNGvr3GelUAFMSptE3HJInhnANJYGg
Naukri News (blog)SBI Recruitment 2010Naukri News (blog)State Bank of India the biggest Indian Bank is recruiting the clerical staff of 11000 in the various branches of Indian. The millions of candidates appeared ...No proposal for merging any nationalised bank with SBI: FinMinTrading Markets (press release)Commodities buoy Indian markets(Closing)Equitymaster.com (registration)SBI Result | State Bank of India Recruitment ResultsNaukri News (blog)all 44 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fnaukri.im%2Fsbi-recruitment-2010%2Farchives%2F5125&usg=AFQjCNFWwHa6GHExY35IANeFhkLIqVfITg
Bank program preparing Indian River County students for financial careersVero Beach Press-Journal (subscription)These students are part of Indian Bank, a student-run savings bank part of the school's Accounting Academy. “This is a program run by students, ...and more »
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The HinduNifty faces resistance at 5290; banks, oil & gas upMoneycontrol.comTop gainers on the BSE Midcap - JSW Holdings, Patel Engg, Indian Bank, Bajaj Finserv and Everest Kanto gained 3.6-6%. Top losers on the BSE Midcap - Mcleod ...Sensex ends with modest gainsIndia Infoline.comNifty scales two-year closing highBloombergUTVSeventh straight week of gains for SensexThe HinduDaily News & Analysis -Sify -Myiris.comall 283 news articles »
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domain-BICICI Bank gets full bank status in SingaporeBusiness StandardThe country's largest lender, State Bank of India (SBI), is the only other Indian bank to enjoy QFB privileges in Singapore. ...ICICI Bank Cuts Back on Retail LendingWall Street JournalSingapore gives ICICI retail market accessLivemintICICI gets okay to offer retail services in SingaporeEconomic TimesFinancial Express -Equitymaster.com (registration) -Rupee Timesall 40 news articles »
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maximsnewsnetwork: 05 March 2010 - The World Bank: India - In Indias Tamil Nadu state, infant mortality has been dropping for years. One of the reasons might be an aspect of health care reform that focuses on training mothers in staying healthy throughout their pregnancy. Hundreds of pregnant women come every week for checkups and treatment. Prenatal care, free of charge and close to their homes has become a corner stone of Indias campaign to bring down maternal and infant mortality rates. And many first-time mothers get more than medical support. SOUNDBITE (Tamil) Sunati, Pregnant Woman: I come every two weeks for a checkup and they give me the medication and supplements I need. They also asked me to eat a lot of greens, iron-rich foods and eggs. Poverty, malnutrition and lack of knowledge about healthy behavior lay at the heart of many pregnancy-related complications. Sometimes women cannot afford to eat properly or to make long trips to the clinics where they could get prenatal care. As a result, problems can go undetected and babies are born too early and sick. Like Dirvya, who was only 1.8 kilos at birth because her mother ate too little while working too hard. SOUNDBITE (Tamil) Mghala, Mother: I did not take the supplements that are recommended. But now that I see what happened to my baby, I know what I need to do next time." Dirvya was lucky. She was referred to the districts neonatal unit where specialists will help her to get strong and healthy. SOUNDBITE ...
MaximsNewsNetwork: 05 March 2010 - The World Bank: India - In Indias Tamil Nadu state, infant mortality has been dropping for years. One of the reasons might be an aspect of health care reform that focuses on training mothers in staying healthy throughout their pregnancy. Hundreds of pregnant women come every week for checkups and treatment. Prenatal care, free of charge and close to their homes has become a corner stone of Indias campaign to bring down maternal and infant mortality rates. And many first-time mothers get more than medical support. SOUNDBITE (Tamil) Sunati, Pregnant Woman: I come every two weeks for a checkup and they give me the medication and supplements I need. They also asked me to eat a lot of greens, iron-rich foods and eggs. Poverty, malnutrition and lack of knowledge about healthy behavior lay at the heart of many pregnancy-related complications. Sometimes women cannot afford to eat properly or to make long trips to the clinics where they could get prenatal care. As a result, problems can go undetected and babies are born too early and sick. Like Dirvya, who was only 1.8 kilos at birth because her mother ate too little while working too hard. SOUNDBITE (Tamil) Mghala, Mother: I did not take the supplements that are recommended. But now that I see what happened to my baby, I know what I need to do next time." Dirvya was lucky. She was referred to the districts neonatal unit where specialists will help her to get strong and healthy. SOUNDBITE ...
In an interview with CNBC-TV18, MS Sundara Rajan, Chairman and Managing Director, Indian Bank, speaks about the results and his outlook for the company.
Viral for HDFC Bank Credit Card's Latest offer - 5x Reward Points. Ab Jiyo Life Paanch Guna
Andrew Cahn, CEO UKTI and Sanjeev Chatterjee, Executive Director and Member of the Board , ICICI Bank Ltd. signed the mou on Monday 4 January 2010 in Mumbai.
The latest commercial for South Indian Bank feat. Mammootty. Director: Sharath DOP: Ravi Verman
The World Bank has refused to accept Indian Occupied Kashmir as an integral part of India and has rather insisted upon a disclaimer from the Jammu and Kashmir government that funding for a project will not be seen as recognition of Indias territorial claim on the state. The agency has put a disclaimer clause for bankrolling a key project in the disputed state which indicates that funding of projects in disputed areas should not be used to endorse territorial claims.
www.weforum.org 09.11.2009 Tapping into Female Talent Preparing for a New Growth Cycle BBC World News hosts this debate in partnership with the World Economic Forum Women make up half of the human capital available to any economy. Thus, promoting gender parity is more than good practice, it is also good business. Over the next decade, as the combined impact of growing gender equality and the "power of the purse" changes consumption patterns across India, how can Indian businesses level the playing field today to more effectively capitalize on female talent and the female consumer? Carlos Ghosn, Chairman and Chief Executive Officer, Renault Nissan, France Chanda Kochhar, Managing Director and Chief Executive Officer, ICICI Bank, India Indra Nooyi, Chairman and Chief Executive Officer, pepsico, USA Melanne S. Verveer, US Ambassador-at-Large for Global Women's Issues Moderated by Nik Gowing, Main Presenter, BBC World News, United Kingdom
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This is a conversation between a SBI bank lady executive and her customer. This clip is absolutely funny. Many people get irritated by marketing calls from banks. In this, executive is irritated by the customer. Listen and enjoy! I have uploaded the clip just for fun. Do not use any offensive language in the comment. Please do write your comments.
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todaysnetworknews: 03 September 2009 - World Bank: With help from the World Bank, India's Education for All' movement is trying to get all children to school, including millions of the poorest and most marginalized. Indias Education for All movement is trying to get all children to school, including millions of the poorest and most marginalized. With the help of the World Bank a new generation is learning in new ways that include better buildings, new methods, and a whole lot of fun. Gone are the desks. And gone are the times when teachers lectured from the blackboard with the class repeating aloud. Now kids learn in small groups. They help each other, and interact. It is called activity-based learning - a method now used in almost all of the forty thousand primary schools in Indias Tamil Nadu state. The education system there has become a model in India and abroad. And it is showing results: Above all, children like coming to school. SOUNDBITE (Tamil) Praven Khumar, Student: When I was in first grade, I did not like to go to school. But with the new system we have fun and we are also learning. Now I can read the newspapers all by myself. Activity-based learning is part of Indias ambitious Education for All movement. Initiated by the central government in 2002, the program is implemented by the states and supported by the World Bank and other donors. It is all about getting children into school, improving the quality of education and narrowing the wide gender and social ...
maximsnewsnetwork: 11 August 2009 - World Bank: India is taking steps to ensure its young people have the education and skills needed to compete for jobs, particularly in high tech industries. The country is pushing universities and colleges to improve their teaching techniques and update their equipment. International Youth Day is Wednesday (12 August). Indias Higher Education system is not producing enough qualified engineers. To change this, the country is pushing universities and colleges to improve their teaching techniques and update their equipment. Despite being one of the largest higher education systems in the world, Indias graduates dont always have what it takes to get a job. Particularly in the high-tech sector, where education budgets are small and equipment is often outdated. But over the last decade the Indian government, with help from the World Bank, has upgraded and modernized universities and colleges and improved the quality of teaching. SOUNDBITE (English) Dr. B. Kumar, Assistant Professor, Department of Printing Anna University Chennai: Their knowledge and confidence level has increased tremendously. Their employability is better their knowledge base is better. And because they have worked with sophisticated machines they know all the controls and know how to go about it in the streets. Since the early 1990s, Indias demand for a well trained workforce has outstripped supply. Now, more and more, technical training institutions focus on market needs ...
World Business: While banks in Europe and the US are finding it increasingly tough to generate income, India has become a hive of banking activity. Foreign banks are making respectable profits through their investment-banking services and despite the slowdown; many are expanding their retail operations in the country. Reporter: Karan Singh
I had this sitting around. Thought i hare it.
In the midst of all this, the World Bank has predicted that the Indian economy will have the highest growth rate next year. But such forecasts by the Bank's economists have to be taken with a pinch of salt.
An analysis of social networks and minute-by-minute customer transactions during a run on an Indian bank has found that bank runs can spread through a community like a contagion. Duke University finance professor Manju Puri and co-author Rajkamal Iyer of the University of Amsterdam assembled a unique data set on the bank run and then employed epidemiological techniques to determine connections between bank depositors, using Google Earth to map the locations of their home addresses.
RediffIndian IT companies to suffer some moreRediff, IndiaDemand for Indian IT services was bound to suffer as some large US banks failed and the financial sector faced a near collapse in the previous quarter. This was followed by a new government coming to power in the United States and regulatory ...
http://business.rediff.com/slide-show/2009/may/12/slide-show-1-indian-it-companies-to-suffer-more.htm
Gulf TimesHSBC profits up on investment banking gainsGulf Times, QatarJapan's Suzuki Motor Corp escaped a loss in the final quarter thanks to growth in its main Indian market, but forecast an 87% drop in profit this year citing slumping global demand and a stronger yen. Suzuki, a maker of compact cars such as the Swift ...Debt value gains and profits at investment unit boost HSBC Q1 Emirates Business 24/7all 289 news articles
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=290082&version=1&template_id=48&parent_id=28
Times OnlineIndian MPs grow richer — but the poor still survive on £1.30 a dayTimes Online, UK“When the economic condition of the country continues to go down, it is of great concern to see the bank balance of these politicians go skywards,” said Anil Bairwal, national co-ordinator of National Election Watch. “Politicians must answer to public ...
http://www.timesonline.co.uk/tol/news/world/asia/article6269287.ece
The WeekCuisine troubleThe Week, IndiaIn India, the day is considered auspicious to buy jewellery. Interestingly, tier 2 and tier 3 cities registered better growth than the metros. The federation expects the momentum to continue through the wedding season. With the Reserve Bank easing ...
http://week.manoramaonline.com/cgi-bin/MMOnline.dll/portal/ep/theWeekContent.do?sectionName=Business&contentId=5464489&programId=1073754899&pageTypeId=1073754893&contentType=EDITORIAL
On May 1, Chanda Kochhar became CEO of ICICI Bank, India's largest private bank and a major player in the Indian economy and beyond. In an interview with Knowledge@Wharton, Kochhar spoke about her success in Indias male-dominated banking world, the challenges women face as they advance in their careers, and what entrepreneurs need to keep in mind as they seek funding.
Hindu'No' to India?Hindu, IndiaPresident Obama wants American firms to record their profits in the home country rather than stash them away abroad and has asked for more transparency with regard to American bank accounts in foreign tax havens. With the present law, he has said, ...
http://www.hindu.com/yw/2009/05/12/stories/2009051250030300.htm
Business StandardGovindraj Ethiraj: Mussoorie to ManchesterBusiness Standard, IndiaIt was at Mussoorie where Reddy first showcased the RBI's opposition to foreign banks increasing their stakes in Indian banks. Which in turn was linked to a broader view on capital flows. And at Manchester, four years later, as the world was beginning ...
http://www.business-standard.com/india/news/govindraj-ethiraj-mussoorie-to-manchester/357809/
Emirates Business 24/7UAE urged to issue licences to Indian banksEmirates Business 24/7, United Arab EmiratesA top official from India's state bank has urged the UAE Central Bank to begin issuing licences to his country's banks. It is more than three decades since the Central Bank issued a full banking licence to any Indian bank, said AJ Vidyasagar, ...
http://www.business24-7.ae/Articles/2009/5/Pages/11052009/05122009_27b65f4403d14960bb9176b663d07093.aspx
Hindu Business LineCar sales rise due to bank financing, rural demandHindu Business Line, IndiaHyundai Motors India grew by 3.4 per cent to 22241 units and Honda sold 16 per cent more cars during the month to report 3565 units, according to the data released by the Society of Indian Automobile Manufacturers. Tata Motors, however, saw its sales ...India car sale up but sector still shaky: official AFPall 100 news articles
http://www.thehindubusinessline.com/2009/05/12/stories/2009051251090200.htm
Washington PostAnimal ViewsWashington Post, United StatesMay 3: Two Ruffs perform a mating ritual on the banks of the Pripyat river, near the town of Turov, Belarus. May 6: An osprey uses his talons to hold his lunch still on a branch during a practice round for The Players Championship golf tournament at ...
http://www.washingtonpost.com/wp-dyn/content/gallery/2009/05/11/GA2009051101552.html
TopNewsBSE Sensex under bear attack; sheds 193 pointsTopNews, IndiaThe Indian bourses closed lower for second consecutive day on Monday, due to huge selling pressure in the heavyweight stocks. The BSE Sensex closed lower by 193.44 points at 11682.99 while, NSE Nifty ended the day, down by 66.10 points at 3554.60. ...Markets slide into red after green start (Lead) Thaindian.comStock Markets close lower after touching 12180 Stock WatchSensex Ends Week Below 12K On Intense Selling BreakingUpdateBusiness Line - Thaindian.comall 208 news articles
http://www.topnews.in/bse-sensex-under-bear-attack-sheds-193-points-2165368
RTT NewsRally's Momentum May Be Lost As Traders Search for CluesRTT News, NYThe Australian, the Chinese, the Honk Kong, the Indian, the News Zealand, the Malaysian, the Indonesian and the Singaporean markets closed lower, while the Japanese, the South Korean and Taiwanese markets advanced. Japan's Nikkei 225 average opened ...
http://www.rttnews.com/ArticlePrint.aspx?type=MKTANALYSIS&id=261
Hindu Business LineStudy loans: Banks may tweak repayment termsHindu Business Line, IndiaA proposal to increase the moratorium period/ repayment holiday from one to two years and the repayment period from 5-7 years to 7-10 years is being examined by banks under the aegis of the Indian Banks' Association (IBA), the self-regulatory body for ...
http://www.thehindubusinessline.com/2009/05/11/stories/2009051151220100.htm
Zee NewsTata pips Google, MS in reputationZee News, IndiaOther Indian companies on the list include – Hindustan Unilever (70th rank), ITC (96), Canara Bank (103), HPCL (112), Indian Oil (113), Wipro (117), Reliance Group (133), Mahindra & Mahindra (138), Bharti Airtel (164), Bank of Baroda (175), ...World's Top 50 Reputed Firms, Tata, SBI and Infosys Include Nhatky.inall 39 news articles
http://www.zeenews.com/news530540.html
Zee NewsBoB on overseas expansion spree, to open 10 offices this yearZee News, India"We also plan to open a full-service branch in Australia," Mallya added. Elaborating on Malaysian foray, he said BoB is the lead partner with 40 per cent stake in the three-way joint venture, while Indian Overseas Bank and Andhra Bank hold 30 per cent ...
http://www.zeenews.com/news530503.html
The Muslim vote bank in Indian politics.
The Muslim vote bank in Indian politics.
Times OnlineIndia's humble business kingTimes Online, UKAs The Sunday Times revealed last year, Tata, – having failed to raise bank loans to ease JLR through a disastrous slump in sales, has asked the government for financial assistance. So far the response has been lukewarm, with even a guarantee to ...Jaguar aid talks 'near collapse' BBC NewsJaguar bailout row This is MoneyJLR enter Indian Market but British rescue package in doubt Land Rover Owner International MagazineHindu Business Line - Zee Newsall 255 news articles
http://business.timesonline.co.uk/tol/business/entrepreneur/article6256642.ece
HinduEmphasis on financial integrationHindu, IndiaMUMBAI: Reserve Bank of India Governor D. Subbarao on Friday released the book, 'India and the global financial crisis: Managing money and finance,' written by former RBI Governor YV Reddy. In the wake of the ongoing financial crisis, the book provides ...
http://www.hindu.com/2009/05/09/stories/2009050955961400.htm
Hindu Business LineDBS Bank offloads entire stake in HDFC BankHindu Business Line, IndiaMumbai, May 8 The share price of HDFC Bank tanked 2.8 per cent on DBS Bank selling 2.73 per cent stake in the Indian bank through the bulk deal route on Friday. The Southeast Asian bank sold its entire stake in HDFC Bank, at Rs 1111.04 a share, ...
http://www.thehindubusinessline.com/2009/05/09/stories/2009050951301000.htm
WTKR Your NewsChannel 3Masked man targets two banksWTKR Your NewsChannel 3, VA"He displayed a silver handgun and demanded money from the bank tellers. The tellers complied and provided an undisclosed amount of money to him. The suspect fled from the business westbound on Indian River Road in a blue sedan," Long said. ...Masked robber targets two banks WAVY-TVall 11 news articles
http://www.wtkr.com/news/dp-local_bankrobbery_0508may08,0,5663769.story
Knowledge@WhartonAs Foreign Banks Detour, Public Banks Forge AheadKnowledge@Wharton, PAThe list includes ICICI, HDFC Bank, Development Credit Bank, and ING Vysya. Being classified as a foreign bank involves restrictions on opening branches and investing in areas reserved for Indian entities. But Indian banks may not like the "foreign" ...
http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4376
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