PSU banks make defaulters' names public to recover dues

It is routine for equity analysts to comment that PSU banks have higher NPLs (Nonperforming Loans) because these bankers are too weak to recover dues from big borrowers, but this attitude is going to change quickly.Also read : Allahabad Bank labels Orchid...

08.10 | 0 komentar | Read More

Unilever's $ 5.4 bn open offer for HUL to begin on June 21

Hindustan Unilever today said the USD 5.4 billion-open offer by its parent firm Unilever Plc to buy 22.52 percent stake in the company would begin on June 21.Once complete, the open offer would be one of the biggest deals and fifth largest India Inbound...

08.10 | 0 komentar | Read More

India Inc confident as mood in EU, globe worsens: Survey

The Young President's Organisation (YPO), one of the world's most powerful network connecting over 20,000 chief executives from leading companies, has released a survey on business confidence. The organisation says that business confidence across world...

08.10 | 0 komentar | Read More

The luxury car battle: Audi's plans to stay on top

The pecking order in the Indian luxury car market has changed. Audi has edged past German peer BMW to become the number-one player in the market.It sold 2,216 vehicles in the January-March quarter, against BMW's 1,410 vehicles. Also read : New Range...

08.10 | 0 komentar | Read More

Call in ED; custodial interrogation is must: Cobrapost

In its latest expose, Red Spider 2, Cobrapost has revealed that the money laundering racket was at a much larger scale and involved top state-owned banks and insurance companies. Cobrapost added that 23 major banks and insurance companies were part of...

08.10 | 0 komentar | Read More

2G: Chacko to move resolution seeking extension of JPC

PC Chacko, chairman of the Joint Parliamentary Committee (JPC) on the 2G scam is likely to move a resolution in the Lok Sabha seeking extension of JPC beyond the Budget Session. Sources say that the BJP has agreed to the extension of the JPC...

08.10 | 0 komentar | Read More

Buffett devotees stick by him even as growth slows

By Jonathan Stempel and Jennifer Ablan OMAHA, Nebraska (Reuters) - Short-seller Douglas Kass, Warren Buffett's handpicked bear, raised a concern on the minds of many shareholders at the "Woodstock for capitalists" this weekend: Has Berkshire Hathaway...

08.10 | 0 komentar | Read More

Malaysia ruling coalition wins simple majority in parliament

KUALA LUMPUR (Reuters) - Malaysia's ruling National Front coalition won a simple majority of 112 seats in the 222-seat national parliament in Sunday's election, the country's Election Commission said, signalling it would extend its 56-year rule in the...

08.10 | 0 komentar | Read More

India's rating upgrade unlikely anytime soon: SP

Amid high public-debt levels and concerns about deficit and subsidies, the India growth story still remains positive, global rating agency Standard and Poor's (S&P) said today. However, the rating agency ruled out rating upgrade of India anytime...

08.10 | 0 komentar | Read More

Taking away capital mgmt from RBI not advisable: Subbarao

Moneycontrol BureauReserve Bank of India Governor Duvvuri Subbarao, who is known to have mind of his own, and has many times been at odds with the Finance Minister today voiced his discontent about the Financial Sector Legislative Reform Commission(FSLRC's)...

08.10 | 0 komentar | Read More