News & Announcements
Public sector Union Bank of India (UBI) on Tuesday said it has received a capital infusion of Rs 682 crore from the Government of India through a preferential allotment of shares. The bank received the infusion by way of preferential allotment of equity shares of Rs 10 each at a premium of Rs 344.94 in [...]
Telecom minister Kapil Sibal said on Monday telecom sector problems have stemmed from mismanagement of spectrum. Spectrum engineering and management are at the heart of efficient use of a resource, he said, adding the problems faced by the sector were “reflection of the way the private sector has not managed the resource and the way [...]
Reliance Industries and the DE Shaw group have announced that they have agreed to establish a joint venture to build a leading financial services business in India. This joint venture will incorporate the DE Shaw group’s investment and technology expertise with Reliance’s operational knowledge and extensive presence across India to offer a comprehensive array of [...]
Indian refiners’ output rose to an annual 3.2% in February, its third straight monthly rise, but the rate of growth was slower than January as crude runs at Reliance Industries’ larger plant declined. Domestic refiners processed 3.5 million barrels per day (bpd) oil in February, government data showed on Friday, as Reliance had shut a [...]
Two of the world’s richest people Bill Gates and Warren Buffett today said the rich business fraternity whom they met in India are very enthusiastic about donating their wealth for philanthropic activities. Gates and his wife Melinda, along with Buffett, held a dinner meeting here with 70 business people, including Wipro Chairman Azim Premji and [...]
The price of gold may hit USD 5,000 per ounce (Rs 74000/10 gram), nearly three times current levels, in three to four years, as demand from sovereign states, central banks and exchange-traded funds (ETFs) rises, the chairman of two Canadian gold mining companies said. “Gold is used as insurance for bad governments,” Rob McEwen, chairman [...]
As per the draft, anyone seeking to acquire 5% or more share capital of a banking company would need a nod from the banking regulator. There are 20 nationalised and 22 private sector banks in the country. The proposed amendments as regards the RBI’s role would enhance the regulatory powers of the apex bank and increase [...]
Financial Market Participants Module 7th batch starts on April 4th , 2011
Investors Module Part time classes starts on March 26th ,2011
The Centre is tomorrow likely to increase dearness allowance (DA) by 6% to 51%, benefiting over 50 lakh employees and 38 lakh pensioners. The decision to hike DA is likely to be taken by the Union Cabinet at its meeting scheduled tomorrow, sources said. The new DA, which will be effective from January 1, is [...]
