Mumbai: Global credit ratings firm Moody's on Monday downgraded the country's three largest private sector lenders - ICICI Bank, HDFC Bank and Axis Bank - to D+ from C- to align them with the sovereign rating. As a result, the hybrid debt ratings of these banks, except HDFC Bank, will be negatively impacted. The standalone bank financial strength rating (BFSR) of ICICI, HDFC and Axis are revised down to D+...
06:00 PM, May 14, 2012
Mumbai: India plans to borrow up to Rs 5 lakh crore ($ 9.5 billion) by pledging property and shares to bridge the government's budget deficit, Bloomberg reported on Thursday, citing unnamed government officials. Shares in companies such as cigarette-to-hotels group ITC, engineering conglomerate Larsen & Toubro and Axis Bank held by a state-controlled fund could be offered as collateral to raise the cash, the news agency said. The cash will...
06:18 PM, Dec 22, 2011
New Delhi: The Reserve Bank of India (RBI) on Tuesday deregulated savings deposit interest rate, the last administered bank rate in the economy, in a move which will push up cost of funds, sending bank shares sharply lower. "It is felt that the time is appropriate to move forward and complete the process of deregulation of rupee interest rates," Reserve Bank of India said in its second-quarter monetary policy review....
04:44 PM, Oct 25, 2011
Mumbai: Indian equities gave up all of their early gains, with Nifty breaching the 5400 mark. Index heavyweight Reliance Industries continued to trade lower, down over 3 per cent. The oil and gas index was also down nearly 3 per cent along with IT, banks, power and pharma stocks. Speaking to CNBC-TV18, SP Tuslian of sptulsian.com said the recent development for RIL is definitely a serious case. "Firstly, there is...
11:33 AM, Mar 18, 2011
Washington: Two Indian women have made it to Forbes list of world's 100 most powerful women with US First Lady Michelle Obama at the top and India-born Pepsico chief Indra Nooyi in sixth place. Axis Bank chief executive Shikha Sharma, 49, ranked 89th while ICICI Bank chief executive Chanda Kocchar, 48, was in the 92nd place in the magazine's annual list. Kraft Foods boss Irene Rosenfeld came second. media mogul...
11:32 AM, Oct 07, 2010
Companies new and old, all are rediscovering the power of ESOPs. ...
01:10 PM, Nov 04, 2009
Finance Secretary Arun Ramanathan on Wednesday met private bankers. ...
10:06 PM, Nov 05, 2008
The rebranding follows approvals from the board, shareholders and the RBI. ...
08:37 PM, Aug 01, 2007
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Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
