Friday May 10
Mr. PH Ravikumar Takes Charge as the Managing Director
Mr. PH Ravikumar has assumed charge of Money Matters Financial Services Ltd., a leading non banking finance company as the Managing Director.
Tue May 07, 2013
The Washington Post
Emerging Stocks Rise to Eight-Week High as India to Russia Rally
Emerging stocks rose to an eight-week high, led by financial and energy companies, as foreign inflows boosted Indian shares and banks led Russia's Micex Index higher.
Sensex Reclaims 19,800 After 3 Months; Nifty Hovering Above 6K
Zee Media Bureau Mumbai: The S&P BSE benchmark Sensex reclaimed 19,800 level by rallying over 179 points in mid -session trade Tuesday on persistent buying mainly in banking, healthcare, capital goods, realty and power sectors.
Mon May 06, 2013
Monday's ETF Movers: EMFT, SIL
In trading on Monday, the SPDR MSCI Emerging Market 50 Fund is outperforming other ETFs, up about 3.4% on the day.
Sun May 05, 2013
Cell banking adherents rise
Mumbai, May 5: Consumers are getting increasingly emboldened to carry out financial transactions on their mobiles as their confidence in the security architecture of banks' mobile applications grows.
Fri May 03, 2013
ICICI Electronic Lounge opens in IIT Kanpur
Kanpur, May 3 : ICICI Bank Ltd, India's largest private sector bank, on Friday inaugurated a 24 x 7 Electronic Lounge in Kanpur to provide simple, effortless and convenient banking to customers round-the-clock. The Electronic Lounge, which is set up at Indian Institute of Technology , Kanpur, is not just the first one in the city, but also the ... (more)
Sensex Down 160 Points
Mumbai: The BSE benchmark Sensex on Friday slumped by 160 points to close at 19,575.64 points on profit selling in rate-sensitive stocks led by ICICI Bank and Tata Motors, as RBI adopted a "hawkish" stance in its monetary policy 2013-14 overshadowing its 0.25 percent cut in repo rate.
Bankers Rule Out Slashing Lending Rates Post 0.25% Repo Cut
Mumbai: Bankers on Friday virtually ruled out slashing their lending rates, saying the 0.25 percent cut in repo rate by the Reserve Bank does not help them bring down their cost of funds, which is too high at present.
Thu May 02, 2013
SPDR S&P Emerging Asia Pacific Etf Experiences Big Outflow
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Emerging Asia Pacific ETF where we have detected an approximate $15.7 million dollar outflow - that's a 3.2% decrease week over week .
RBI has room for policy rate cut: ICICI Bank's Chanda Kochhar
A day ahead of RBI's annual monetary policy announcement, ICICI Bank CEO and Managing Director Chanda Kochhar today said there is headroom for RBI to cut interest rates as inflation is trending downward.
Wed May 01, 2013
Retail lending boosts ICICI profits
ICICI, India's largest private bank by assets, posted a 29 percent increase in standalone profit for the year ending 31 March 2013, after the bank ramped up retail lending.
Sun Apr 28, 2013
Sensex Up 50 Points
Mumbai: The BSE benchmark Sensex Monday rose over 50 points in early trade, after Maruti Suzuki and ICICI Bank posted encouraging fourth quarter earnings.
India's Rate Cuts Blunted Adds Reserve-Ratio Pressure
The Reserve Bank of India faces pressure to cut lenders' reserve requirements as banks struggle to woo deposits and resist passing on interest-rate reductions.
Top Seven Cos Add Rs 41,007 Cr To Market Cap; CIL, HDFC Shine
Mumbai: The combined market capitalisation of seven most valued companies of the country surged by over Rs 41,000 crore last week, with Coal India and HDFC emerging as the biggest gainers among the top-10 entities.
Sat Apr 27, 2013
Times of Oman
Rupee drops on speculation
Mumbai: India's rupee completed its first weekly loss in three on speculation importers stepped up dollar buying to pay month-end bills.
Fri Apr 26, 2013
Times of Oman
Indian stocks end lower
Mumbai: Indian stocks fell for the first time in five days as some investors judged recent gains that drove the benchmark index to a six-week high as excessive.
Sensex Falls 120 Points
Mumbai: Snapping a four-day rally, the BSE benchmark Sensex on Friday fell from six-week high by losing 120 points dragged down by RIL, ICICI Bank and TCS amid a weak global trend.
ICICI Bank Q4 net profit soars 21%, meets forecasts
India's No.2 lender, ICICI Bank Ltd, posted a 21 percent rise in fourth-quarter net profit, in line with estimates, led by higher loan growth, it said on Friday.
Tue Apr 23, 2013
Sensex closes at one-month high
MUMBAI: The BSE Sensex rose for a second straight day on Monday to its highest close in a month led by gains in rate-sensitive stocks such as HDFC Bank , pricing in at least a 25 basis point rate cut in the upcoming policy on May 3. The Reserve Bank of India is likely to cut interest rates next week for a third time this year, drawing comfort from ... (more)
Sun Apr 21, 2013
Top 7 Cos Add Rs 80,056 Cr In M-Cap
Mumbai: The combined market value of seven of the top-10 companies rose by Rs 80,056 crore last week, with major contribution coming in from ONGC and ITC.