APN News

  • Wednesday, July, 2022| Today's Market | Current Time: 09:39:35
  • RBI raises policy rates; home, auto loans may cost more

    Home and auto loans may cost more as the RBI raised its short-term lending and borrowing rates by 25 basis points each yet again on Thursday with a view to check spiralling prices of essential commodities. This is the eighth time since March 2010 the RBI has resorted to policy rate hike to tackle inflation, […]

    Mukesh D. Ambani Named a Director of Bank of America Corporation

    United States: The Bank of America Corporation Board of Directors has appointed as a director Mukesh D. Ambani, chairman and managing director of India-based Reliance Industries Limited. Ambani will stand for election at the 2011 Bank of America annual meeting of shareholders. “Bank of America’s shareholders will benefit from the global perspective Mr. Ambani brings […]

    RBI raises short-term lending and borrowing rates by 25 basis points each

    The Reserve Bank on Thursday raised its short term lending and borrowing rates, for the eighth time since March 2010, by 25 basis points in a bid to rein in inflation. The short term lending rate (repo) has been increased from 6.50 per cent to 6.75 per cent, while the short-term borrowing rate (reverse repo) […]

    Ingenico and IL&FS ETS Launch Smart Card Based biometric Financial Inclusion Solution

    New Delhi : Ingenico, leading worldwide provider of payment solutions, has joined hands with Infrastructure Leasing & Financial Services Education Technology & Services Ltd.(IL&FS ETS), India’s leading infrastructure development and finance company for the successful launch of Smart Card Based biometric Financial Inclusion solution. This electronically operated banking system infrastructure has created banking Points of […]

    IIM Lucknow Students’ Fund Beats NIFTY Yet Again for the Fourth Consecutive Year

    New Delhi: Students’ fund gets 17.96% returns on Equities, 25.84% on Derivatives against 5.56% gain in NIFTY As has been the tradition at Credence Capital of beating the markets consistently, this time has been no different. With its annual closure of the fund for the batch 2009-11, a clump of students at the Indian Institute […]

    Punjab National Bank Standardises IT Infrastructure on Infosys and Oracle

    New Delhi : Punjab National Bank (PNB), India’s second largest public sector bank, has become the world’s largest site for Infosys’s FinacleTM Universal Banking Solution running on Oracle Real Application Clusters, Oracle’s Sun SPARC Enterprise Servers and Oracle Solaris. Catering to over 60 million accounts, over 5000 branches and extension counters and managing nearly 14 […]

    Play pro-active role in achieving double digit growth: FM to banks

    Finance Minister Pranab Mukherjee has called upon the banks to play a pro-active role in achieving double digit growth. Addressing a function in New Delhi, he said that lending to the agricultural sector is still a matter of concern and asked the banks to step up direct lending for agriculture and credit to small and […]

    Jersey Finance Establishes Dedicated Business Development Team in India

    Mumbai : Jersey Finance has established a dedicated business development team in India ahead of the official launch of its representative office in Mumbai this month (15th March). Business Development Representatives Kapil Dua, based in Delhi, and Jyoti Tathgur, based in Mumbai, will both report to Sean Costello, Jersey Finance Limited’s newly appointed Head of […]

    HCL Infosystems Bags another Prestigious Financial Inclusion Project from Punjab and Sind Bank under its Systems Integration BFSI Practice

    New Delhi : HCL Infosystems Ltd., India’s premier Hardware, Services and ICT System Integration Company, today announced the awarding of an order from Punjab and Sind Bank (PSB) to provide smart card based solutions in over 1500 villages across the country. The partnership aims to facilitate the provision of smart card-based technology solutions for financial […]

    Indians Most Likely to Adopt Payment Card Fraud Solutions

    India: Indians are significantly more willing to take precautions against card fraud than other markets in Asia Pacific, according to the Visa Payment Card Security Study. The Visa Payment Card Security study is an independent, in-depth consumer survey in markets across the Asia Pacific region, reviewing attitudes towards electronic payments security, actions that can be […]