The rupee completed the biggest weekly gain since December on speculation that the sliding US bond rates will spur global investors to seek higher-yielding emerging-market assets.

Rupee posts biggest weekly gain since Dec

Business Standard

Treasury 10-year notes headed for the biggest weekly rally since December, after the Federal Reserve&rsquo;s plan to buy as much as $300 billion in government debt led to the largest one-day surge in more than four decades.

Treasury notes poised for best week this year on Fed purchase

The Federal Reserve&rsquo;s effort to unfreeze markets for securities backed by loans kicked off with requests for $4.7 billion of financing, a total that officials hope will surge to as much as $1 trillion after investors resolve contract terms with dealers and other concerns.

Fed gets loan requests for $4.7 billion under TALF

Citigroup Inc's CEO Vikram Pandit has pushed back against efforts in Washington to tax bonuses at financial companies that received federal bailout funds, saying it could result in the loss of valuable employees right when they're most needed.

Citigroup CEO protests efforts to tax bonuses

A US federal appeals court has rejected the plea of Bernard L Madoff, accused of defrauding investors of $65 billion in a Ponzi scheme, for release on bail calling him a flight risk.

Madoff loses bail appeal

Press Trust of India

The chief executives of the America's three financial majors, including Citigroup, have criticised legislation that would levy 90 per cent tax on bonuses granted to employees, a media report said today.

US Banking chiefs slam bonus tax bill: Report

Citigroup, Bank of America and JPMorgan Chase &amp; Co, recipients of more than $100 billion in US rescue funds, have criticised US Congressional proposals to tax Wall Street bonuses.

Bailout recipients don't want bonuses to be taxed

The dollar dropped the most against the currencies of six major US trading partners since the Plaza Accord almost a quarter-century ago as the Federal Reserve&rsquo;s plan to purchase Treasuries spurred speculation that it&rsquo;s debasing the greenback.

Dollar declines most since 1985

Bank Muscat today said it has sold 81 per cent of its stake in India's second largest private sector lender HDFC Bank and has received around 39 million rials (Rs 507 crore) in pre-tax profits from the sale.

Bank Muscat sells 81% of stake in HDFC Bank

The government-owned IDBI Bank said it is negotiating with other entities to give national carrier Air India a loan of $1-billion to help the airline acquire 12 aircraft mainly for domestic operations.

IDBI Bank to syndicate $1 bn loan to Air India

ICICI Prudential Life Insurance Company, has partnered Hyderabad-based startup TalentSprint to offer a full-time six-month programme for graduates. Graduates can launch their management career in sales and distribution at ICICI Pru after completion of all parameters of the programme.

ICICI  Pru in tie-up with TalentSprint

Private life insurance player, ICICI Prudential Life Insurance Company, has partnered Hyderabad-based startup TalentSprint to offer a full-time six-month programme for graduates. It allows graduates to launch their management career in sales and distribution at ICICI Pru after completion of all parameters of the programme.

ICICI  Pru in tie-up with TalentSprint to offer training

Canara Bank and passenger car maker Maruti Suzuki India Ltd have entered into a tie-up arrangement, under which the Bank will finance Maruti vehicles through its designated branches up to 90 per cent of &lsquo;On Road&rsquo; cost of vehicle at an interest of 11 per cent per annum (fixed for 3 years).

Canara Bank ties up with automakers

The Indian rupee appreciated by 14 paise to 50.49 against the US currency in opening trade today on hopes of increased capital inflows by foreign funds as domestic bourses are expected to open in positive zone in tandem with other Asian equity markets.

Rupee rises 14 paise vs $ in opening trades

ABN Amro Bank, a subsidiary undertaking of The Royal Bank of Scotland group, today said that Madan Menon will be the interim country executive for India in the absence of Meera Sanyal.

Madan Menon is ABN Amro interim India head

&quot;We have been cautious (in lending) to over-leveraged sectors... We expect credit growth of 20 per cent in the next fiscal,&quot; PNB Chairman and Managing Director K C Chakrabarty told reporters here today.

PNB sees loan growth shrinking in next fiscal

Officers of the country' largest lender the State Bank of India have decided to go on a two-day nationwide strike from April 8 to press for hiring officers and revising pay scales.

SBI officers to go on nationwide strike on Apr 8-9

The Reserve Bank of India plans to come up with an approach paper soon to encourage migration of high-value cheques clearing operations to electronic platform, its Deputy Governor Shyamala Gopinath said today.

RBI approach paper on high-value cheques clearing soon

Kolkata-based Srei Infrastructure Finance is planning raise $ 100 million as secured external&nbsp;commercial borrowing (ECB) from FMO, a private sector bilateral financial institution based in&nbsp;the Netherlands.

Srei to raise $100 million via ECB

Treasury Secretary Timothy Geithner announced late yesterday a new $500-billion federal program to remove from bank balance sheets troubled assets that he said &quot;are now clogging&quot; the US financial system.

US to spend $500 bn to clean banks' bad assets

Banks are parking funds not just in securities qualifying for maintenance of statutory liquidity ratio (SLR), but also in mutual funds (MFs).

Bank investment in MFs jumps over eight times

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