Page 3207 - Finance News
Rupee at 1-week low on oil, RBI chief comments
At 55.52/54 after rising to 55.59, versus 55.34/35 last close
Loans to pharma companies turn bitter pill for banks
Loans of more than Rs 2,000 cr to Surya Pharma, Orchid Chem need restructuring
RBI working group seeks higher FII limit in gilts
Says this would lead to diversity in the market, more trading opportunities
Union Bank markets India's 3rd dollar bond this week
The banks are the only Asian borrowers to offer dollar bonds this week as average spreads on debt from Indian companies narrowed to a 12-month low of 448.3 basis points
LIC raises stake in frontline stocks
Insurer ups stake in RIL, Infosys, NTPC and Bajaj Auto in April-June quarter
Ujjivan MFI set for major investor churn
Bellwether sells stake, Michael & Susan Dell Foundation may exit IFC in talks to buy stake
Credit card spend touches record high in first quarter
Rs 28,465 cr spent on credit cards across point of sale terminals
Syndicate Bank creates mid-corporate, fee-income verticals
Besides nurturing corporate business, Syndicate Bank would also try to push fee-based income through a separate vertical
Rupee touches 56-level against dollar, down 35 paise
Sustained demand from banks & importers, and higher dollar in New York mkt affected rupee value