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Selling less gold coins may not reduce consumption: SBI chief Selling less gold coins may not reduce consumption: SBI chief On the back of huge gold imports, the Reserve Bank of India (RBI) earlier suggested that banks should be less active on selling gold coins at their branches, seeking to check demands for gold.
Let RBI be sole regulator for all home loans: SBI Let RBI be sole regulator for all home loans: SBI The State Bank of India Saturday suggested that the Reserve Bank of India should be the regulator for all home loans provided by banks or housing finance companies.
Tata Motors raises 350 mn Singapore dollars via securities Tata Motors raises 350 mn Singapore dollars via securities Earlier in January, Tata Motors-owned Jaguar Land Rover had raised USD 500 million.
Market shrugs off deficit gap, rallies fifth week in a row Market shrugs off deficit gap, rallies fifth week in a row Sustained foreign fund inflows amid positive global cues too supported the key benchmark indices to end in positive terrain for the fifth straight week.
Overseas business margins under pressure: SBI Overseas business margins under pressure: SBI The bank would review RoEs of overseas and domestic business.
Tata Sons cancels divestment of 2.72% stake in TTML Tata Sons cancels divestment of 2.72% stake in TTML Tata Teleservices (Maharashtra) Ltd (TTML) Friday said its promoter Tata Sons has cancelled the offer to divest 2.72 percent stake in the company that was aimed at meeting the minimum public shareholding norms.
Forex reserves down $616.4 mn to $293.69 bn Forex reserves down $616.4 mn to $293.69 bn The country's forex reserves slipped for the second consecutive week, dipping by USD 616.4 million to USD 293.69 billion on a fall in currency assets, the Reserve Bank said Friday.
Rupee down 11 paise at 54.88 on dollar demand Rupee down 11 paise at 54.88 on dollar demand Registering its biggest fall in a week, the rupee on Friday weakened by 11 paise to close at 54.88 against US dollar on good demand of the American currency from importers on speculation that Federal Reserve may slow its stimulus programme, leading to capital inflows drying up here.
India looking to set up feeder fund for IDFs: Chidambaram India looking to set up feeder fund for IDFs: Chidambaram India is exploring the possibility of setting up a London-listed 'feeder fund' for Infrastructure Debt Funds (IDFs), and is looking to work with the UK on increasing institutional investments in the sector, said Finance Minister P Chidambaram.
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