Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Last Updated: Saturday, August 22, 2015, 22:33

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

All-out efforts on to bring down PSU banks' NPA: Jaitley

Last Updated: Friday, August 21, 2015, 14:27

Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.

China manufacturing index tumbles to more than six-year low

Last Updated: Friday, August 21, 2015, 12:32

A key indicator of China's manufacturing activity slumped to a 77-month low in August, an independent survey showed today, fuelling concerns of further deceleration in the world's second-largest economy.

Govt issues norms for selection of CEOs of smaller PSBs

Last Updated: Thursday, August 20, 2015, 19:57

As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.

Payments banks pose risk to public lenders market share: Fitch

Last Updated: Thursday, August 20, 2015, 12:23

The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday.

Capital infusion breather for PSU banks, but not enough: S&P

Last Updated: Wednesday, August 19, 2015, 15:38

Standard & Poor's on Wednesday said the government's plan to infuse capital into public sector banks is a "breather", but is unlikely to "fully resolve" their looming credit shortfall.

Snapdeal raises $500 million from Alibaba, Foxconn and SoftBank

Last Updated: Wednesday, August 19, 2015, 08:36

Snapdeal, which bills itself as India`s version of Alibaba, did not break out individual investments. EBay Inc is selling part of its stake in a transaction which also involves fresh funding.

Govt assures all help to boost pharma exports

Last Updated: Tuesday, August 18, 2015, 21:22

Government Tuesday assured the pharma industry of "every possible help" in resolving its issues related to exports and said efforts would be made to expedite work on different proposals to realise the full potential of the sector.

250-plane order reflects India's growth potential: IndiGo

Last Updated: Monday, August 17, 2015, 22:55

After placing the largest single order for 250 aircraft with European major Airbus, IndiGo today said that the purchase contract reflects stabilising trend in the Indian aviation sector.

Private sector bank officers form union, to join Sept 2 strike

Last Updated: Monday, August 17, 2015, 15:25

The officials from the private banks have also decided to join an all India general strike on September 2, it said.

No more hiring from private sector for PSB top jobs: FinMin

Last Updated: Sunday, August 16, 2015, 19:06

Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry Sunday said further such hiring of CEO and Managing directors in banks would be from existing public sector talent pool and not from outside.

Modi sets 1,000-day deadline to power up India villages

Last Updated: Saturday, August 15, 2015, 09:35

Prime Minister Narendra Modi set a 1,000-day deadline Saturday for every village in India to get electricity as he emphasies his commitment towards combatting poverty.