APN News

  • Tuesday, February, 2020| Today's Market | Current Time: 12:28:08
  • Canara HSBC Oriental Bank of Commerce Life Insurance Forays into Group Business

    New Delhi : Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited – a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, has made a foray into Group Business. After achieving success in the retail business, where it […]

    No controls on FII inflows; RBI may check rupee appreciation:FM

    The government has ruled out putting controls on FII inflows into the equity market as of now, but said that RBI may intervene to check the rupee appreciation if needed. “At this time, I am not thinking of putting cap on FIIs (inflows in equity market),” Finance Minister Pranab Mukherjee told reporters at the annual […]

    IT raids on biz premises of seven Karnataka MLAs

    Income Tax officials on Monday conducted raids at around 60 places in Karnataka, targeting seven ruling BJP MLAs, including ministers G Janardhana Reddy and G Karunakara Reddy. IT raids were conducted at 60 to 65 places, mainly concentrating in Bangalore and Bellary whose action comes amidst allegations of horse-trading by both BJP and opposition. Business […]

    G-20 deal clinched at last moment: Pranab

    The deal to reform the IMF to give greater clout to developing nations like India and halt aggravation of the ongoing currency war was struck at the last moment at the conference of G-20 finance ministers and central bank Governors in S. Korea. The uncertainty continued till the last minute and it was only in […]

    Rupee Appreciation Not Abnormal: Pranab

    Finance Minister Pranab Mukherjee has said on Friday that huge FII inflow reflects foreigners confidence in Indian growth story and is not a matter of concern as of now since the appreciation in the value of rupee is not abnormal. “The rupee appreciation is not abnormal. As and when RBI feels that intervention is necessary, […]

    India for consensus to resolve currency conflict at G-20: FM

    India wants consensus and not confrontation to resolve the currency issue that is likely to come up for discussion at the two-day meeting of the finance Ministers and central bank governors of the G-20, opening in Gyeongju on Friday. “I do not believe in confrontation. I believe in dialogue. If the issues are to be […]

    G-20 meeting to focus on trade imbalances, IMF reforms

    Curbing global trade imbalances, need for greater flexibility in exchange rates and reforming the IMF are expected to dominate the meeting of the group of 20 (G-20) nations that kicks off this weekend in South Korea, says a US official. “Advancing the pace and the effectiveness of global rebalancing will be a dominant priority going […]

    HDFC’s Financial Results for the Half-Year Ended September 30, 2010

    Mumbai : The Board of Directors of Housing Development Finance Corporation Limited (HDFC) announced the results for the first half of the financial year 2010-2011, following its meeting on Monday, October 18, 2010 in Mumbai. The accounts have been subject to limited review by the Corporation’s statutory auditors in line with regulatory guidelines. FINANCIAL RESULTS […]

    Prudential Corporation Asia Selects Datanomic for Client Screening

    Cambridge :  Prudential Corporation Asia, the Asia business unit of Prudential plc, has selected Datanomic’s dn:Director for Sanctions & PEP Screening to automate its client screening in line with stringent anti-money laundering regulations, and an internal drive for compliance efficiency by creating a centralised policy of best practice compliance across the organisation. Prudential Corporation Asia […]

    MFIs rethink IPO plans in view of upheavals in the sector; state govt urge centre to intervene

    Worried over recent upheavals in the microfinance sector on account of high interest rates small lenders charge and their strong-arm loan recovery tactics, many players have put on hold their plans to raise funds through the capital market. Hyderabad-based Share Microfin, which was planning to hit the Dalal Street by fiscal end, has put on […]