APN News

  • Thursday, January, 2022| Today's Market | Current Time: 11:40:47
  • Anaemic global recovery puts squeeze on FDI flows

    India received less foreign direct investment in 2010 than the previous year, courtesy a modest recovery in the global economy which reduced the risk and expansion appetite of corporates across the world. Foreign Direct Investment (FDI) inflows into the country between January-October this year aggregated USD 17.37 billion, compared to USD 23.8 billion in the corresponding […]

    SBI NRI facilitation centre to offer matrimonial assistance

    Taking innovation to new heights, the State Bank of India yesterday inaugurated country’s first ever NRI facilitation centre at Hyderabad which would offer various services including matrimonial assistance to its NRI account holders. Deputy Managing Director of the bank, Shiva Kumar, said the bank has entered into tie-ups with various service providers to offer different […]

    MoneyGram International and Bank of Baroda Partner to Offer Remittances

    Mumbai :MoneyGram International, a global leader in the money transfer industry, and Bank of Baroda have announced they have joined forces to provide global money transfer services. Bank of Baroda was signed as MoneyGram’s international agent network under super-agent UAE Exchange. Bank of Baroda, established in 1908, will soon offer MoneyGram money transfer services at […]

    Inflation expected to decline to 6 pc by March: Pranab

    Encouraged by the decline in prices during November, Finance Minister Pranab Mukherjee has said inflation is expected to decline to 6 percent by March 2011. “I am hoping it to be around 6 per cent by March,” Mukherjee told reporters in New Delhi on Tuesday. The finance minister said after quite some time food inflation […]

    IT Dept set to tax over 380 firms for M&A deals in FY’08

    Having scrutinised more than 380 merger and acquisition deals from 2007-08, the Income Tax department is expected to soon slap entities concerned with notices for tax totalling several crores of rupees. Although the scrutiny has been on for a couple of years now, the department must raise tax demands or else the cases will get […]

    AEGON Religare Life Insurance Launches Money Back Plan

    Mumbai: AEGON Religare Life Insurance announced the launch of its AEGON Religare Money Back Plan. This plan provides customers a simple life insurance plan with guaranteed benefits at the end of the policy term and money back at specified intervals pre-maturity. On the launch of AEGON Religare Money Back Plan, Mr Yateesh Srivastava, Chief Marketing […]

    Six of top-10 firms lose over Rs 42,000 cr this week

    The combined market capitalisation (m-cap) of six of the country’s top-10 firms went down by Rs 42,791 crore during the past week, with two of the country’s top lenders — SBI and ICICI Bank — bearing the maximum loss. Amid a weak stock market, which fell by 458 points, or 2.29 percent, last week, the […]

    Reval Says IASB Accounting Rules Allow Companies to Hedge More Risk

    London : An exposure draft (ED) for public comment has issued today by the International Accounting Standards Board (IASB) proposes hedge accounting rules that more realistically reflect the strategies companies use to hedge commercial risk, enabling them to hedge more risk, says Reval, the leading financial risk management solutions provider to companies globally. The ED […]

    HDFC Bank’s nationwide ‘Blood Donation Drive’ on 10th December

    New Delhi : HDFC Bank is organizing a nationwide Blood Donation Campaign on Friday, December 10, 2010. Donors in 350 Indian cities will be able to donate blood at over 475 designated centres from 0900 hrs to 1700 hrs in what is one of the nation’s biggest single-day blood donation campaigns where individual donors, including […]

    RBI to re-visit growth figures in January

    Reserve Bank of India (RBI) on Wednesday said that it would re-visit the growth figures during the third quarterly review in January. “The growth level has been encouraging. RBI will re-visit the growth figures in third quarterly review in January,” RBI Governor D Subbarao told reporters in Kolkata ahead of the bank’s central board meeting on […]