Association of Mutual Funds in India (Amfi) has created a post of chief executive officer and has appointed H N Sinor to this position.

H N Sinor to join Amfi as CEO

Business Standard

The bonuses doled out by Wall Street firms shot up 17 per cent in 2009, while entities such as Goldman Sachs and Morgan Stanley raised their overall compensation by 31 per cent during the same period.

Wall Street bonuses surge 17% in '09

Press Trust of India

The country's largest lender, State Bank of India (SBI), today said it would set aside about 60-70 per cent of its annual capex for technology upgradation, which includes increasing reach through ATMs and mobile banking as well as strengthening risk management systems.

SBI to earmark 70% capex for technology: Bhatt

Global banking major HSBC is expected to scrap the 36-per cent pay hike to its Chief Executive Michael Geoghegan due to shareholders' anger, says a media report.

HSBC may scrap pay hike of its CEO: report

Value of deals jumps 303% in January 2010 over January last year.

PE, M&A activity revives with economic outlook

Keeping with the improvement in economic growth, the outstanding bank credit in the 15 days up to February 12 rose by Rs 22,596 crore to Rs 30,51,676 crore, according to data from the Reserve of Bank of India (RBI).

Credit growth keeps pace with economy

India will borrow a record Rs 4.6 lakh crore ($99.3 billion) in the next financial year as debt payments double.

Bonds decline on reports govt borrowing may increase

Life insurance companies are pushing universal life polices (ULP) to fill the gap created by the retreat of small-ticket unit-linked insurance plans (Ulips).

With cap on charges, ULPs replace low-ticket Ulips

The country&rsquo;s largest lender, State Bank of India (SBI), is looking to acquire a significant stake in Tata Motors Finance (TMFL), the vehicle financing arm of Tata Motors, the largest automobile company in the country.

SBI eyes big stake in Tata Motors Finance

State Bank of India (SBI) may go for a rights issue in the next financial and will start discussions with the government after the presentation of the Union Budget.

SBI mulls rights issue in 2010-11

Credit card issuers are no longer in the midst of a recession and are wooing new customers with eye-popping offers: Save up to 25 per cent on room tariffs at 71 hotel chains across the country with a Citi card; enjoy a 15 per cent discount on SpiceJet online bookings with an HDFC Bank credit card; get a 10 per cent cash-back on your food and entertainment bills anywhere in the country with a Kotak Mahindra Bank card.

Credit card issuers back in business

The rupee depreciated by 4 paise against the dollar in early trade today following the US currency's gains overseas.

Rupee depreciates by 4 paise at 46.32/$ in early trade

Finance Minister Pranab Mukherjee has promised a delegation of urban cooperative bankers that their demand for some relief from payment of 30 per cent income tax on the profits made by their banks will be considered.

FM to consider tax relief plea of urban cooperative bankers

Domestic equity markets are fast integrating themselves with the major global peers, a trend that helped in larger capital inflows from overseas investors during the current fiscal, the Economic Survey said today.

Indian stock market aligning with global bourses: Survey

Total trading volume at the country's two leading bourses, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), saw a marginal increase in 2009 amid the global financial crisis, the Economic Survey 2009-10 said today.

Turnover rises marginally in volatile stock market in '09

After a lull in 2008, Indian equities once again became the favourite bet for foreign funds, who pumped in nearly Rs 88,000 crore in domestic shares in 2009, the Economic Survey said today.

FIIs back on track; invest Rs 87,987 cr in '09: Survey

Mutual funds (MFs) saw a turnaround in 2009 with net resources mobilised rising to Rs 1.43 lakh crore compared to withdrawals in 2008 led by strong inflows into private fund houses, the Economic Survey said today.

MFs see turnaround in '09; mobilise Rs 1.43 lakh cr: Eco Survey

The government today said it has accepted recommendations of the 13th Finance Commission, which called for greater share of states in central tax proceeds, despite strains on its finances.

Govt accepts 13th Finance Commission proposals

Citigroup today said it has appointed Joanne Allen as Head of Human Resources (HR) for its Australia and New Zealand operations.

Citi ropes in Allen as HR head of Australia, NZ ops

Signalling hardening of interest rates in the industry, India's largest private sector lender, ICICI Bank today hiked its deposit rates in select tenures by upto 0.50 per cent with immediate effect.

After HDFC Bank, now ICICI hikes deposit rates

Global financial services major Citigroup's India equities Head, Nikhil Nagle has resigned from his position.

Citigroup's India equities Head quits

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