| RIL may fuel India Inc's overseas M&A drive | 23-NOV-09 |
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| With signs of green shoots showing in economies worldwide, India Inc’s appetite for overseas acquisitions got a fresh lease of life with Reliance Industries’ estimated $10-12 billion offer for a controlling interest in bankrupt LyondellBasell Industries. |
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| IIMs see better summer | 12-NOV-09 |
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| Companies like Goldman Sachs, HSBC, Nomura, Standard Chartered, JPMorgan and RBS flock the campuses Banking and finance companies, whose dismal performance in late 2008 caused panic among students and faculty members of the premier Indian Institutes of Management, are making up this year with better profiles and stipends. |
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| Canara HSBC plans group insurance foray in FY11 | 10-NOV-09 |
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| Canara HSBC Life Insurance is planning to foray into group insurance by the beginning of the next financial year. It is also working on products for high net worth individuals and the rural market and to bring volumes in a bid to double its premium income to Rs 1,000 crore by the end of the year. |
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| India's GDP growth at 6.2% in FY10: HSBC | 05-NOV-09 |
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| Global banking major, HSBC has retained its India GDP growth forecast of 6.2 per cent in FY10 but hiked the outlook for next fiscal by 0.5 per cent to 8.5 per cent given the economic recovery. |
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| Presence, growth of MFIs uneven, says survey | 27-OCT-09 |
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| The next leg of growth for microfinance institutions will come from places such as the north-east, said a report on the state of microfinance in India, released here today. |
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| No change in key rates expected, CRR may be hiked: Banks | 27-OCT-09 |
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| The Reserve Bank of India (RBI) may leave the policy rates untouched when it reviews the monetary policy on Tuesday, HSBC India CEO Naina Lal Kidwai said on Monday. TY Prabhu, chairman of the Oriental Bank of Commerce (OBC), seconded her views. The bankers, however, agreed there might be a small increase in the cash reserve ratio (CRR) as the system was flushed with funds. |
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| Banks fare poorly in micro-finance: Kidwai | 27-OCT-09 |
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| Commercial banks have not done enough in extending small credit to needy borrowers in the country, Naina Lal Kidwai, chief executive officer, HSBC India said on Monday. |
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| Business confidence outlook adds shine to recovery | 26-OCT-09 |
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| Adding shine to the momentum of economic recovery, the Confederation of Indian Industry Business Confidence Index (CII-BCI) has predicted a return to better business conditions than before the downturn. The index for the period between October 2009 and March 2010 surged by a robust 7.4 points to 66.1 points, against a mere 2.4 point increase during the first half of the financial year. |
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| Time to make a plan | 23-OCT-09 |
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| China: China's reported growth rate of 8.9 per cent in the third quarter is pretty impressive - even if it wasn't a big surprise to the market. The world’s third-biggest economy is clearly enjoying a revival. How this has happened is now a familiar tale. Beijing has commanded banks to lend and local governments to spend, as well as unleashing a $585 billion fiscal boost to plug the gap left by falling exports to the West. |
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| Axis Bank plans first dollar bonds since 2007 | 23-OCT-09 |
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| Axis Bank hired Barclays Plc, HSBC Holdings, JPMorgan Chase & Co and Standard Chartered to help sell its first dollar bonds in two years, according to a person familiar with the transaction. |
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| HSBC India expects GDP to grow by 8% in FY11 | 12-OCT-09 |
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| HSBC India has forecast the country's GDP to grow by 8 per cent next year against the estimated GDP growth of 6.5 per cent in the current year, a top bank official said here. |
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| Free ATM era ends tomorrow | 12-OCT-09 |
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| Customers will be offered five free third-party withdrawals per month from savings accounts and will be charged from the sixth transaction onwards. |
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