| SBI Card launches mShop | 20-NOV-09 |
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| SBI Card, the credit card service offering from the State Bank and GE Capital, today launched mShop to enable its customers shop from over 100 merchants across the country, using their mobile phones. |
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| ISBians to evaluate biz plans for VCs | 19-NOV-09 |
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| Putting the case study model aside, the Indian School of Business (ISB) is asking its students to do due diligence of a few business ideas for venture capitalists. |
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| Lenders may refer STC unit to debt tribunal | 16-NOV-09 |
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| With very little chance of repayment from STCL, a Bangalore-based ailing subsidiary of State Trading Corporation, lenders are exploring an option to drag the company to Debt Recovery Tribunal (DRT) as part of efforts to get back dues. |
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| Top-8 cos add Rs 1 lakh cr in m-cap last week | 15-NOV-09 |
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| The country's most valued firm Reliance Industries (RIL) helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion. |
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| Give priority to locals in jobs: MNS to SBI | 15-NOV-09 |
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| Continuing its agitation for the cause of Maharshtrian youth, Raj Thackeray-led Maharasthra Navnirman Sena (MNS) has written a letter to State Bank of India (SBI) for considering locals for its new job openings. |
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| ICICI likely to tap global bond mart | 14-NOV-09 |
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| After State Bank of India’s recent $750-million medium-term note (MTN) issue, the country’s largest private sector lender, ICICI Bank, might be looking at an overseas bond issue. |
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| Shyamal Majumdar: When MBAs aspire to become clerks | 12-NOV-09 |
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| The server of State Bank of India (SBI) crashed last year when two million candidates applied for 20,000 clerical posts. The written examination had to be conducted over four shifts as the bank just could not find enough venues where the tests could be held. |
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| First SBI banking outpost comes up in Ganjam | 11-NOV-09 |
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| Chief minister, Naveen Patnaik today opened the first Gram Panchayat Banking Outpost at Sikiri in Orissa’s Ganjam district, set up by the State Bank of India (SBI) in collaboration with the panchayat raj department of the state government. |
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| State Bank of India gains 5.2 per cent | 10-NOV-09 |
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| The stock was the largest gainer among Sensex companies and rose 5.2 per cent to Rs 2,318.55, after the state-run bank entered into an agreement with T Rowe Price under which the bank will sell 6.5 per cent holding each in UTI Asset Management Company and UTI Trustee Company. |
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| Markets gain on reform buzz, positive news | 10-NOV-09 |
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| Stock markets surged on hopes of a push to domestic economic reforms, positive G-20 talk and firm global markets. The Sensex gained 340 points to end at 16,499 and the Nifty closed at 4,898, up 102 points. |
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| India Eco Summit: UBI defers plan to cut deposit rates | 09-NOV-09 |
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| State-owned Union Bank of India (UBI) today said there is no immediate plan to cut deposit rates even as leading banks like State Bank of India (SBI) and Punjab National Bank have slashed rates by up to 50 basis points. |
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| Provisioning issues | 09-NOV-09 |
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| The broader indices were in the correction mode in the recent past, but the new RBI provisioning stipulations ensured that banking stocks suffered more. The BSE Sensex lost around 5 per cent in the last fortnight whereas the losses for BSE Bankex were nearly double that figure. |
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| T Rowe Price pays Rs 700 cr for 26% in UTI | 08-NOV-09 |
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| The four sponsors of UTI Asset Management Company today signed an agreement with T Rowe Price, the US-based fund house, to offload 26 per cent stake for around Rs 700 crore. |
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