APN News

  • Wednesday, January, 2022| Today's Market | Current Time: 07:21:46
  • Markit Acquires Risk Analytics Firm

    New York: Markit, a leading, global financial information services company, today announced that it has acquired QuIC Financial Technologies, Inc (QuIC). QuIC provides the world’s leading financial organisations with risk analytics solutions to test market and credit risk tolerance in financial portfolios and simulate risk at the enterprise level. The acquisition will enable Markit to […]

    Canara HSBC Oriental Bank of Commerce Life Insurance Forays into Child Protection Space

    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 entered into child protection space by launching Canara HSBC Oriental Bank of Commerce Life Insurance […]

    “Vendor Financing in China” Featured on CIT’s “Executive Spotlight” Series

    New York : The vendor finance market in China is poised for continued rapid growth, according to Adrian Pang, Managing Director, CIT Vendor Finance, Asia for CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies. This is just one of the insights Pang offers in “Vendor Financing […]

    Moser Baer’s Anuppur Thermal Power Plant Attracts Investment

    New Delhi: MB Power (Madhya Pradesh) Limited (MBPMPL) today announced that the Macquarie SBI Infrastructure Fund (MSIF) and the State Bank Of India (SBI) on behalf of the SBI Macquarie Infrastructure Trust will together invest Rs. 580 crore (approx US$130million) in MBPMPL’s Anuppur Thermal Power Plant. MBPMPL – a step down subsidiary of Moser Baer […]

    IDBI Federal joins Samhita in Financial Literacy

    Bhopal : IDBI Federal Life Insurance, in partnership with SAMHITA Community Development Services, is engaged in financial literacy programs for the urban and rural poor in MP over the past year. IDBI Federal Life Insurance believes that financial literacy among the under-banked population will help bring a holistic change in the way people perceive & […]

    SBI ready to facilitate Iran crude payment

    State Bank of India, the nation’s largest lender, Monday said it is ready to facilitate payments for Iranian crude oil but is awaiting notification of a bank that is not under the US sanctions which can receive payments. “Payments are not being routed (currently) because there is no arrangement (to receive money at Iranian end). […]

    High-level growth in India helps Intl economy to recover from recession: WB

    World Bank has said that high level of growth in the India is helping the international economy recover from the crippling impact of recent financial turmoil. World Bank President Robert B Zoellick said that India is a player on the global stage and its status as a rising economic power is closely connected with how […]

    RBI claims ACU ban will ease oil imports

    RBI officials have sought to clear the air over recent payment rules which some suggest will curb India’s trade with Iran, especially in the oil sector, saying that the central bank actually aimed at facilitating it. The move is aimed at helping importers, who are facing difficulties in settling payments through dollar or euro due […]

    Citi Bank fraud: Sebi probes violation in income proof rules

    In connection with the alleged Rs 300-crore Citibank fraud, Sebi is probing whether the stock brokers collected from the accused his income proof documents, a mandatory requirement for trade in derivatives market. The market regulator had made it mandatory in December 2009 for the brokerage firms to collect income proof documents from all their clients […]

    RBI investigating Rs 300 crore Citi Bank fraud

    The Reserve Bank is investigating the 300 crore rupees fraud in Citi Bank’s Gurgaon branch, which saw diversion of depositors funds in stock markets. Several high networth individuals including promoters of Hero Group, were lured by Citibank’s Relationship Manager Shivraj Puri, the main accused in the scam, into investing funds on promise of high returns. […]