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SBI to invest in high quality stocks only: Chaudhuri SBI to invest in high quality stocks only: Chaudhuri State Bank of India (SBI) will invest in high quality stocks only which have good trading volumes and less volatility, Chairman of the bank Pratip Chaudhuri said Thursday.
Majority of experts on RBI panel were for status-quo in rates Majority of experts on RBI panel were for status-quo in rates The Reserve Bank today said majority of external members on its advisory panel were not in favour of easing interest rate, though it went ahead with a 0.25 per cent cut while announcing 2013-14 annual monetary policy earlier this month.
iGATE shares fall over one per cent in early trade iGATE shares fall over one per cent in early trade Continuing its downward trend for the third straight day, shares of iGATE Corp today declined by over one per cent to USD 14.01 in early trade, after fresh allegations against its sacked chief executive Phaneesh Murthy hit headlines.
Canara Bank to raise up to $1 bn from overseas mkt next week Canara Bank to raise up to $1 bn from overseas mkt next week The bank has five overseas branches at London, Leicester, Shanghai, Manama and Hong Kong.
Chidambaram says Federal Reserve's statement misunderstood, calls for calm Chidambaram says Federal Reserve's statement misunderstood, calls for calm Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor circles.
SBI plummets over 8%; m-cap down Rs 12,867 cr on weak results SBI plummets over 8%; m-cap down Rs 12,867 cr on weak results Following the earning results, shares of State Bank of India plummeted by 8.87 percent to Rs 2,154.5 in intra-day trade on the BSE. SBI scrip finally ended at Rs 2,176.20, down 7.96 percent from its previous close.
No need to panic on rupee front: Raghuram Rajan No need to panic on rupee front: Raghuram Rajan He said euro has also depreciated against the dollar and so is Japanese yen.
No need for nervousness, Chidambaram assures stock markets No need for nervousness, Chidambaram assures stock markets Indian markets should read situation correctly rather than being influenced by something happening elsewhere, he said.
Ranbaxy shares dive over 9% after Daiichi says misled over probes Ranbaxy shares dive over 9% after Daiichi says misled over probes Following the weakness in the stock, the market value of the company slipped by Rs 1,527 crore to Rs 16,708 crore.
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