HSBC to shrink asset base by $290 billion; sell units in Brazil, Turkey

Last Updated: Tuesday, June 9, 2015, 10:04

HSBC also set its new target for return on equity at greater than 10 percent by 2017, down from its previous target of 12-15 percent by 2016.

Maharashtra tops MF chart with equity assets of Rs 1.21 lakh crore

Last Updated: Tuesday, June 2, 2015, 15:20

Maharashtra continued to dominate the mutual fund landscape in the country with an assets base of Rs 1.21 lakh crore at the end of April in equity-oriented schemes, followed by Delhi in the second place.

RCom to invest up to Rs 2,000 cr this fiscal

Last Updated: Sunday, May 31, 2015, 12:11

RCom has already raised USD 300 million early this month for capital expenditure.

Only 6% mobile users in India over 50 years of age: Telenor

Last Updated: Thursday, May 21, 2015, 21:25

Even though India has over 96 crore mobile subscribers, only 6 percent of them are over 50 years of age, indicating that senior citizens are not fully receiving the benefits of mobile Internet, says a survey.

ICICI Bank to expand China presence with Shanghai branch

Last Updated: Thursday, May 14, 2015, 13:05

The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi.

Telephone users base increases to 996.49 mn in March: TRAI

Last Updated: Tuesday, May 12, 2015, 22:30

Total telephone subscribers' base rose by around 1 percent to 996.49 million at the end of March on the back of growth in rural users, sectoral regulator TRAI said Wednesday.

MFs to have 10-cr investor a/c, Rs 20-trillion asset base by 2018

Last Updated: Sunday, May 10, 2015, 12:26

Mutual fund industry is set to achieve an investor base of 10 crore accounts in the next five years, while their asset base can touch Rs 20 crore in just about three years, helped by positive market sentiments and growing interest among retail investors.

Mutual fund asset base grows 10% to Rs 11.86 lakh crore

Last Updated: Thursday, May 7, 2015, 15:56

Mutual fund (MF) industry's asset base has grown around 10 percent to Rs 11.86 lakh crore at the end of April from March, primarily driven by huge inflows in equity schemes and money market segment.

Now PNB, IDBI Bank do it, cuts lending rate by 0.25%

Last Updated: Wednesday, May 6, 2015, 19:00

Joining the rate cut spree, two public sector lenders, Punjab National Bank and IDBI Bank, Wednesday cut their base rates by 0.25 percent to 10 percent, which will lead to lower EMIs for its customers.

Bank of Baroda cuts base rate by 0.25% to 10%

Last Updated: Tuesday, May 5, 2015, 20:54

Following peers, public sector Bank of Baroda on Tuesday slashed base rate or minimum lending rate by 0.25 percent to 10 percent.

BSNL targets Rs 500-cr revenue by utilising land bank in FY16

Last Updated: Sunday, May 3, 2015, 11:40

The operator is planning about 14,736 2G and 10,914 3G base tower stations in 2015-16. Apart from that it will be integrating its wi-fi hotspot and LTE (4G) with the existing GSM network.

MF asset base from smaller cities up 36% at Rs 1.89 lakh cr

Last Updated: Sunday, May 3, 2015, 11:04

Industry experts attributed the increase in contributions from B15 cities to huge compensation given to distributors, investor awareness and education programmes by MFs as well as incentive schemes launched by capital markets regulator Sebi.