| Koda scam forces banks to tighten cash norms | 22-NOV-09 |
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| The recent case of Union Bank of India getting caught in the crossfire in Madhu Koda dealings has put banks on high alert and most were looking to tighten their scrutiny of transactions, especially those involving large cash movement, senior bank officials said. |
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| PNB may acquire majority stake in Kazakh bank | 21-NOV-09 |
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| Punjab National Bank plans to acquire a majority stake in a Kazakhstan-based bank to expand its presence in Central Asia, its Chairman and Managing Director K R Kamath said here today. |
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| India Inc takes swap route to beat FCCB redemption blues | 21-NOV-09 |
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| Indian companies have discovered a new path to beat the redemption pressure on their Foreign Currency Convertible Bonds (FCCBs). They are swapping the old FCCBs, which had high conversion premium, with new bonds at a much lower rate. |
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| Suzlon Energy's three promoters pledge 2.8 cr shares | 20-NOV-09 |
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| Wind power turbine maker Suzlon Energy today said its three promoters have, in total, pledged a further 2.80 crore shares, taking the total shares pledged by the company's promoters to 28.28 per cent. |
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| Forex reserves up at $286.376 billion | 20-NOV-09 |
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| India's foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today. |
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| Possibility of a financial crisis cannot be ruled out: Rangarajan | 20-NOV-09 |
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| With the developed world seeing a fragile recovery from the recession, projected to be a modest 1-2 per cent in the second half of 2009-10, a further financial crisis was not completely ruled out, said C Rangarajan, chairman of the Economic Advisory Council (EAC) to the Prime Minister. |
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| RBI starts brainstorming on HR challenges | 20-NOV-09 |
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| The top management of the Reserve Bank of India (RBI) will brainstorm for three days, starting this evening, to find ways to deal with the growing manpower challenges that the central bank faces. |
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| Subir Gokarn appointed RBI deputy governor | 19-NOV-09 |
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| The government today appointed Subir Vithal Gokarn, Standard and Poor’s Asia-Pacific Chief Economist and a Business Standard columnist, as the fourth deputy governor of the Reserve Bank of India (RBI). |
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| BHEL in search of partner | 19-NOV-09 |
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| Bhel is scouting for a technology partner for its ambitious nuclear turbine and reactor project. The company is likely to set up a unit of 700 Mw and a 1,000 Mw nuclear turbine unit in Bhopal. |
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