February 23, 2012
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SBI shares plunge 8% on Kingfisher exposure concerns
Shares of State Bank of India plunged sharply by over 8 percent on Wednesday, on concerns about its exposure to Kingfisher Airlines and reports about public sector lender giving fresh loans to the debt-ridden carrier.
Latest News
PNB to sell stake to LIC for Rs 1,590 crore
State-owned Punjab National Bank (PNB) said it proposes to raise Rs 1,590 crore by selling about 1.58 crore shares to LIC.
Canara Bank says will improve net interest margin in FY13
Public sector Canara Bank, which has reported a 21 percent decline in net profit for the third quarter ended December 31, Wednesday said it is confident of improving net interest margin (NIM) by 20 to 30 basis point for the next fiscal.
RBI to buy govt securities worth Rs 12,000 cr
The Reserve Bank Wednesday announced that it will purchase government securities worth Rs 12,000 crore through open market operations on Friday to ease the current liquidity crisis.
Sensex may touch 20,800-mark in next fiscal: CLSA
The Indian stock market barometer Sensex may reach 20,800-level during the next fiscal, mainly on account of a strong liquidity position and positive policy actions by the government, brokerage firm CLSA has said.
Sensex falls from 7-mth high; loses 283 pts on profit booking
The BSE benchmark index Sensex on Wednesday fell from seven-month high levels losing 283 points on profit-booking mainly in realty, banking and oil and gas stocks.
20% of FCCBs due for redemption likely to default in 2012
About one-fifth of the USD 7 billion worth FCCBs issued by Indian companies that are due for redemption in 2012 have an "extremely high likelihood" of default, credit ratings agency Fitch has said.
MCX IPO subscribed 91% on 1st day; gets bids worth Rs 500 cr
The Initial Public Offer of top commodity exchange MCX was subscribed 91 percent on its first day Wednesday, as the first-ever IPO by an Indian bourse witnessed robust demand from retail as well as institutional investors.
BSE launches Greenex, India's first energy efficient index
The Bombay Stock Exchange launched India's first carbon efficient index on Wednesday, aiming to provide a benchmark for socially aware investors.
Rupee up 8 paise to close at one-week high of 49.22/23
The rupee Wednesday gained eight paise to close at one-week high of 49.22/23 against the US dollar on sustained capital inflows amid fresh selling of the American currency by exporters.
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MCX IPO subscribed 91% on 1st day
Econet seeks $3.1 bn damages from Bharti Airtel
Bank bailout for Kingfisher hangs in balance
GDP to grow 7.5-8%; raise taxes, fuel prices: PMEAC
Four Indian B-schools in Asia Pacific top 10 list
Wall Street opens slightly lower
2G case: Notice to CBI on Balwa's plea
Peugeot and GM in alliance talks: Sources
PNB to sell stake to LIC for Rs 1,590 crore
Karat slams UPA Govt for neo-liberal economic policies
Govt to shelve Aakash tablet deal
Warring Ambanis unite for father's memorial
World's most fuel efficient car at Delhi Auto Expo
Bajaj launches its first-ever 4-wheeler 'RE60'
Delhi Auto Expo : Big boys of Day 4
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Decontrol diesel prices; raise excise duty: PMEAC
SBI to bail out Kingfisher?
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