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Forex reserves up at $286.376 billion 20-NOV-09
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.
 
PNB to raise Rs 700 cr via bonds issue 20-NOV-09
Public sector lender Punjab National Bank (PNB) today said it will raise Rs 700 crore by issues of bonds.
 
HDFC Standard Life plans to hit capital market next fiscal 20-NOV-09
Private sector insurer HDFC Standard Life today said it plans to come with an initial public offer (IPO) in the next fiscal.
 
13th Finance Commission report by Dec 31: Kelkar 20-NOV-09
The 13th Finance Commission would submit its report containing recommendations mainly on the sharing of taxes between the Centre and the states to the President of India by the end of the year, its Chairman Vijay Kelkar said today.
 
Sebi examining investment avenues for portfolio managers 20-NOV-09
Securities and Exchange Board of India (Sebi) is in the process of examining whether registered portfolio managers invest in instruments other than listed securities, an official of the agency said.
 
SKS Microfinance enters Tamil Nadu 20-NOV-09
SKS Microfinance, a Hyderabad-based non-banking finance company, has expanded its network to Tamil Nadu.
 
SBI Card launches mShop 20-NOV-09
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.
 
Rupee down 5 paise at 46.73/ $ in opening trade 20-NOV-09
The Indian rupee today depreciated marginally by 5 paise to 46.73 against the US dollar in opening trade largely on fears of fresh capital outflows by foreign funds as market may open weak in line with bearish trend in Asian equity markets.
 
Puduchery govt seeks Rs 350 cr NABARD loan for infra projects 20-NOV-09
The Puducherry government has sought Rs 350 crore from the National Bank for Agriculture and Rural Development (NABARD) for infrastructure development work, including construction of rural roads, school buildings, storm water canals and augmentatation of drinking water supply.
 
DCB raises Rs 81 cr via QIP, promoter stake reduces to 23% 19-NOV-09
Development Credit Bank (DCB) today said it has raised Rs 81 crore by private placement of shares with qualified buyers.
 
IDBI Fortis Life Insurance to break even by 2015 19-NOV-09
"We aim to break even in the next seven years (of operation)," IDBI Fortis Life Insurance Managing Director and CEO G V Nageswara Rao told reporters here, launching a guaranteed income product.
 
State bank of Mysore to raise Rs 100 cr Tier 1 Capital 19-NOV-09
State Bank of Mysore today announced that it plans to raise Rs 100 crore of Tier 1, or core capital, through Perpetual Debt Instruments.
 
Rupee down 18 paise at 46.38/$ in early trade 19-NOV-09
The Indian rupee today depreciated by 18 paise to 46.38 against the US currency in early trade on expectations of capital outflows by foreign funds and dollar demand from importers.
 
IDBI Fortis Life launches incomesurance product 18-NOV-09
IDBI Fortis Life Insurance today launched a plan which would provide an additional guaranteed income to the customers.
 
Credit growth at over 9%, slowest in 12 yrs 18-NOV-09
Credit off-take for the fortnight ended November 6 saw an increase of over 9 per cent -- the slowest growth in 12 years.
 
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