With improvement in the global credit markets and narrowing of spreads, the Reserve Bank of India (RBI) decided today to reintroduce the ceiling on interest rates that Indian companies pay for external commercial borrowing.

RBI tightens ECB norms

Business Standard

The rupee today depreciated by 10 paise to 46.63 a dollar in opening trade on fears that capital inflows would be impacted adversely after the Reserve Bank tightened the guidelines for external commercial borrowings.

Rupee depreciates 10 paise to 46.63/$ in opening trade

Press Trust of India

The Bank of America (BofA) has repaid the US government the entire bailout money of $45 billion. The Department of the Treasury announced yesterday that it has received full repayment on its Troubled Asset Relief Programme (TARP) investments in Bank of America in the sum of $45 billion.

BofA repays US govt entire bailout money

Encouraged by the growing fan following for its tweets on the micro-blogging site Twitter, the National Stock Exchange has now started twittering for Junior Nifty index as well as for the currency derivatives and interest rate futures.

After Nifty, NSE tweets on Junior Nifty, currency derivatives

The Reserve Bank of India (RBI) today allyed concerns about capital inflows building an asset bubble and said it is keeping a vigil on these.

RBI governor allays concerns over capital inflows

Emirates airline says it plans to receive its fifth Airbus A380 &quot;superjumbo&quot; next week and another before year's end after lining up more than $1 billion in financing.

Emirates airline raises funding for six more A380s

The Reserve Bank (RBI) has made it easy for telecom companies bidding for third generation (3G) mobile spectrum to borrow money from abroad, while tightening the norms for others.

RBI eases overseas borrowing for telcos

Global financial services firm Citigroup is in advanced talks with regulators over its plans to raise more than $15 billion through an equity offering, a media report says.

Citigroup in talks for $15 bn equity offering: report

Religare Finvest, the non-banking finance arm of Religare Enterprises, today said it has entered into an agreement with public sector Corporation Bank to offer services to small and medium enterprises.

Religare Finvest ties-up with Corp Bank on services to SMEs

About 25 lakh life insurance agents would stage a dharna tomorrow at Jantar Mantar in Delhi to oppose the recommendations of a government appointed panel on elimination of upfront commission paid to advisers.

Insurance agents to stage dharna tomorrow

The Reserve Bank of India (RBI) has directed regional rural banks (RRBs) to keep a watch on transactions of customers with countries like Pakistan and Iran since concerns have been raised about the rules there in combating terror funding.

RBI alerts RRBs on transactions with Iran, Pak

The Supreme Court has held that banks are liable to compensate a customer whose money is wrongly paid to another person without verifying the original signature of the account-holder as it amounted to deficiency of service.

Banks to pay compensation for wrong payment: SC

The Reserve Bank of India (RBI) will soon convene a meeting of bankers to discuss ways to boost financial inclusion by using the unique identification project, commissioned by the government.

Bankers, Nilekani to discuss financial inclusion

400 firms to shift to new system in first phase.

IFRS switch: Govt confident, industry not so sure

Banks are making a strong pitch to the government for permission to issue tax-free bonds to fund infrastructure projects.

Banks to seek govt nod for issuing tax-free bonds

State-run Central Bank of India plans to raise Rs 400 crore through a bond issue in two months, while it may get Rs 700 crore as fresh capital from the government.

Central Bank to raise Rs 400 cr through bonds in 2 months

A day after the Reserve Bank of India (RBI) tightened norms governing external commercial borrowings (ECB), Governor D Subbarao said the capital flow into India was in line with the requirement and current account deficit.

No fear of asset bubble on rising inflows: RBI

Bharti AXA General Insurance Company Ltd, a 74:26 per cent joint venture between Bharti Enterprises and Axa Group, today launched four add-on covers in its motor insurance portfolio. These additional covers will now be available with the company&rsquo;s motor insurance product, the Smart Drive Private Car Policy (only for private car owners).

Bharti AXA adds new covers in portfolio

The country&rsquo;s largest power generator, NTPC Ltd, will be officially powering the Commonwealth Games being held next year. It has got marketing rights for the games that will held in New Delhi next year, in return for a Rs 50-crore sponsorship.

Srei Infra to raise up to $200 mn through ECBs

The Indian rupee today strengthened by 7 paise to 46.57 a dollar against in early trade on hopes of fresh capital inflows into equity markets in line with firming trends on the Asian markets.

Rupee up 7 paise at 46.57/$ in early trade

London-based banking major, Standard Chartered today announced the appointment of Jaspal Bindra as its new Group Executive Director. Bindra, who was serving as StanChart's Asia Chief Executive Officer, will continue to oversee the bank's Asian operations, a press release said.

StanChart names Jaspal Bindra as Group Executive Director

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