HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore

Last Updated: Friday, August 14, 2015, 23:47

HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

In a first, private sector professionals to head BoB, Canara Bank

Last Updated: Friday, August 14, 2015, 20:20

Bank of Baroda and Canara Bank Friday became the first state-owned banks to be headed by private sector professionals as government announced appointment of MD and CEOs of five PSU lenders.

Public sector banks get revamp plan, political interference to be checked: FM

Last Updated: Friday, August 14, 2015, 19:38

The government has decided to inject Rs 70,000 crore in PSBs in four-year period starting this fiscal with Rs 25,000 crore.

India needs to cut political interference in state banks: FM Jaitley

Last Updated: Friday, August 14, 2015, 18:44

India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.

No cause of panic or alarm on banking sector situation: FM Jaitley

Last Updated: Friday, August 14, 2015, 16:25

Jaitley further said that the recent initiatives taken by the government has helped fix some issues in PSU Banks.

Equity MFs folio count up 11 lakh in Apr-July

Last Updated: Thursday, August 13, 2015, 14:27

Equity mutual funds witnessed an addition of over 11 lakh investor accounts or folios in the first four months of the current fiscal (2015-16), primarily on the back of strong retail participation.

'Compliance with FSSAI rules to boost organised milk sector'

Last Updated: Tuesday, August 11, 2015, 19:51

Speaking at the same event, Amul Managing Director R S Sodhi said that milk has been tested at various levels starting from the point of procurement, processing and then at the vendor's level also.

PSU stocks may gain 30% if Modi follows Gujarat model: Morgan Stanley

Last Updated: Tuesday, August 11, 2015, 18:29

Stocks of public units (PSUs) could be "surprising winners" in three to five years if the Modi government implements structural reforms in state-run companies like he did when he was Gujarat chief minister, according to a report released here today.

Govt to infuse Rs 70,000 cr in PSU banks in 4 years: Arun Jaitley

Last Updated: Tuesday, August 11, 2015, 16:57

Government proposes to infuse Rs 70,000 crore in public sector banks in four years from budgetary allocations, Finance Minister Arun Jaitley said Tuesday.

FDI in agri sector at Rs 37.64 crore in April-May

Last Updated: Tuesday, August 11, 2015, 15:57

The country received Rs 37.64 crore foreign direct investment (FDI) in agriculture services in the April-May period of this fiscal, Parliament was informed Tuesday.

PSU general insurers on promotion spree, elevates 21 DGMs to GMs

Last Updated: Sunday, August 9, 2015, 13:52

In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.