For all the hand-wringing over the dollar&rsquo;s slide, the expanding US deficit and the nation&rsquo;s AAA credit rating, the bond market shows international demand for American financial assets is as high as ever.

Treasuries, dollar 'only game in town' as China buys

Business Standard

State Bank of India (SBI), the country's largest lender, today said it could raise Rs 28,000 crore from bonds to meet regulatory capital requirement and to fund business growth during the current fiscal.

SBI to raise Rs 28,000 cr via bonds for biz growth

Press Trust of India

Punjab National Bank Chairman and Manging Director K C Chakrabarty is likely to take over as deputy governor of the Reserve Bank of India (RBI).

K C Chakrabarty to be RBI deputy governor

Financial services firm Morgan Stanley today said it will raise $2.2 billion through the sale of stocks, as part of its efforts to repay the loans received from the US government.

Morgan Stanley to raise $2.2 bn

Japan's Nomura Group is set to acquire 35 per cent in LIC Mutual Fund, India's seventh largest mutual fund, after the board of directors of Life Insurance Corporation (LIC) approved a proposal to induct the Japanese financial services major as a strategic partner in the mutual fund business, sources in the state-owned life insurer said.

Nomura to buy 35% in LIC Mutual Fund

Loans taken in 2004 show the highest default rate, says ICRA.

Slowdown speeds up CV loan defaults

The Institute of Chartered Accountants of India (ICAI) is planning to come out with insurance-sector-specific accounting standards which will provide more information to stakeholders, a top official said.

ICAI mulls separate norms for insurance accounting

With an aim to provide notes with longer life, the Reserve Bank of India (RBI) intends to introduce polymer notes in the country. As a measure in this direction, RBI is mulling to implement a pilot project for the new type of notes.

Reserve Bank plans to introduce polymer notes

The Rajkot Chamber of Commerce and Industry is hosting a seminar on economic growth and regional nonequivalent in the industry on Wednesday. On the occasion, the chamber has invited Douglas J. Young, Professor of Economics, Department of Agricultural Economics and Economics, Montana State University, America.

Indian banking system is more stable than American'

The World Bank is reported to have expressed satisfaction over the progress of the Integrated Coastal Zone Management (ICZM) project being implemented by the Orissa government. It is likely to sanction grant for the project by the end of this month.

World Bank may sanction funds for ICZM project by month-end

Punjab National Bank (PNB) Chairman and Managing Director Kamlesh Chandra Chakrabarty is set to take over as deputy governor of the Reserve Bank of India (RBI) with the government clearing his appointment today.

Chakrabarty set to take over as RBI dy governor

Local clearance in a day, outstation within 14 days.

RBI sets clear limits to bank delays in crediting cheques

RBI plans to introduce polymer notes

In order to avoid the financial risk arising out of cancellation of matches, ESPN India has taken Rs 148 crore ($31.5 million) insurance from Oriental Insurance.

ESPN India takes Rs 148 cr cover against revenue loss

Helios Capital Management Pte, the hedge-fund manager once backed by Tudor Investment Corp, plans to start a &ldquo;Slumdog Millionaire&rdquo; fund that will buy underperforming shares of Indian companies.

Helios plans India &#39;Slumdog Millionaire&#39; stock fund

Bank of America Corp, the biggest US lender, has raised almost all of the $33.9 billion demanded by regulators after last month&rsquo;s stress tests and now expects to &ldquo;comfortably exceed&rdquo; that number.

BofA will 'comfortably' beat capital goal

The Indian rupee strengthened by 18 paise a $ at 46.83 -- its seven-month high -- in early trade today, supported by a weak $ against major currencies and anticipation of capital inflow into domestic equities which are expected to open positive following Asian cues.

Re at seven-month high, up 18 paise at 46.83 against $

Private sector lender Kotak Mahindra Bank today said Anand Mahindra has ceased to be a promoter of the bank but will continue to be associated with the lender as a non-executive director.

Anand Mahindra ceases to be promoter of Kotak Bank

Bharti AXA Life Insurance, a joint venture between Bharti Group and Paris-based AXA Group, is targeting Rs 1,000-crore revenue during this fiscal compared to Rs 360 crore in the previous year, a top company official said today.

Bharti AXA Life targets Rs 1,000-cr revenue in FY10

Moving in tandem with local stocks, the Indian rupee today gave up its early gains and ended six paise weaker at 47.08 against the dollar, after it (dollar) stabilised against a basket of currencies in Asian markets.

Rupee ends weaker at 47.08 vs dollar

State-run Bank of Maharashtra plans to raise Rs 500 crore capital this fiscal to fund its expansion, a top official said.

Bank of Maharashtra to raise Rs 500 cr Tier-I capital

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