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RBI allows expanded foreign bank presence in new rules

General

07 November, 2013

RBI allows expanded foreign bank presence in new rules

The Reserve Bank of India (RBI) said it will treat foreign banks operating in the country on nearly equal terms ......

Services slump eases, but growth remains elusive: PMI

TMT

05 November, 2013

Services slump eases, but growth remains elusive: PMI

Indian services firms recovered slightly last month from the worst slump in over four years in September but activity still ......

HSBC to exit India retail broking; 300 jobs to be cut

General

17 October, 2013

HSBC to exit India retail broking; 300 jobs to be cut

London-based HSBC said on Thursday it will exit its retail broking business in India, the latest global bank to scale ......

Service companies suffer worst slump in over 4 years

TMT

04 October, 2013

Service companies suffer worst slump in over 4 years

Activity at Indian services companies shrank at the fastest pace in more than four years last month, suggesting the slowdown ......

Factory slump eases in September, orders still shrinking

General

01 October, 2013

Factory slump eases in September, orders still shrinking

Factory activity in India shrank for a second month in September, albeit not as sharply as in August, on a ......

Factory activity shrinks in August

Manufacturing

02 September, 2013

Factory activity shrinks in August

Indian factory activity shrank for the first time in more than four years last month, adding to the country's deepening ......

Services sector PMI falls to lowest since April 2009

TMT

05 August, 2013

Services sector PMI falls to lowest since April 2009

Companies in India's vast services sector suffered a fall-off in activity for the first time in nearly two years in ......

Factory PMI near contraction as orders sink

Manufacturing

01 August, 2013

Factory PMI near contraction as orders sink

A slowdown in factory activity deepened in July as order books shrank by the most in over four years, suggesting ......

Art auctions, private jet tours indicate international stock markets are near peak

Others

18 June, 2013

Art auctions, private jet tours indicate international stock markets are near peak

Record prices at art auctions in recent weeks and oversubscribed holidays by private jet are among signals that a stock ......

Premium
ChrysCapital ups stake in Federal Bank as HSBC exits

General

28 August, 2012

ChrysCapital ups stake in Federal Bank as HSBC exits

ChrysCapital has increased its stake in Federal Bank while British banking major HSBC has exited the private sector lender by ......