| 1% of NSE and 6% of MCX on the block | 24-NOV-09 |
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| One of the domestic financial houses plans to sell 450,000 equity shares of the National Stock Exchange (NSE), amounting to 1 per cent stake in the largest exchange in India. Sources said that one of the banks might be offloading a part of its stake. The process has already started with SBI Caps Securities, the investment banker for this transaction, asking for bids from institutions. Sources indicated that Rs 3,600-3,650 per share is being sought by the offloading entity. |
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| Vishal Retail admitted for CDR, details to be worked on | 24-NOV-09 |
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| Delhi-based Vishal Retail’s Rs 730 crore of loans will be restructured, its bankers agreed today. It has become the second major retailer after Subhiksha to go into a corporate debt restructuring (CDR) process after it said it couldn’t pay its loans. |
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| Bank rates go down in spite of RBI signal | 23-NOV-09 |
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| The Reserve Bank of India’s second quarter monetary policy review signalled an exit from the central bank’s accommodative stance, leading many to believe that interest rates would move in only one direction – north. |
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| 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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