APN News

  • Thursday, July, 2022| Today's Market | Current Time: 09:55:20
  • Indian, Chinese middle class new engine of global growth: ADB

    Asia’s middle class population, led by China and India, will replace the role of the US and Europe as engines of growth for the world economy, said the Asian Development Bank (ADB) in New Delhi Asian consumers are likely to spend USD 32 trillion by 2030, accounting for 43 per cent of global total consumption, […]

    Everbright Bank Makes Shanghai Debut

    China’s stocks opened slightly higher Wednesday with the benchmark Shanghai Composite Index up 0.1 percent to open at 2,674.5 points. The Shenzhen Component Index rose 0.2 percent to open at 11,304.12 points. China Everbright Bank made its debut on the Shanghai bourse Wednesday, with its share price opened at 3.37 yuan (about 0.49 U.S. dollars), […]

    World Bank to provide USD 900 million to flood-hit Pak

    The World Bank has agreed to provide USD 900 million financial aid to Pakistan which has been hit by devastating floods affecting 14 million people and leading to crop loss estimated at USD 1 billion. “The Government of Pakistan has requested around USD 900 million of financial support from the World Bank, which we have […]

    China’s FDI up Nearly 30 Pct in July

     The amount of foreign direct investment (FDI) China received in July rose by 29.2 percent year on year to 6.924billion U.S. dollars, said Yao Jian, spokesman of the Ministry of Commerce (MOC), Tuesday. The figure brought the country’s FDI inflow to 58.35 billion U.S. dollars in the first seven months of the year, an increase […]

    SBI Life Leads Globally At Million Dollar Round Table (MDRT) 2010

    Mumbai:  SBI Life Insurance, the leading private life insurer, has retained the unique distinction of being a Life Insurer from India, topping the prestigious Million Dollar Round Table (MDRT) 2010 across the globe. For the second consecutive year, SBI Life has reached the pinnacle of the international coveted league by increasing its MDRT members from […]

    Oriental Bank of Commerce formalizes tie up with SBI Mutual Fund

    Oriental Bank of Commerce, with its wide-spread network of 1533 branches and very strong base of One Crore Current and Savings customers, has formalized its tie-up with SBI Funds Management Pvt. Ltd. – Investment Managers for SBI Mutual Fund, one of the largest mutual funds in the country. The customers of Oriental Bank of Commerce […]

    FM confident of banks not hiking rates; lenders differ

    Finance minister Pranab Mukherjee exuded confidence that banks will not raise their interest rates in response to RBI’s tight monetary policy even as lenders indicated that they will be upping their lending and deposit rates. “No I don’t think so. Banks are fully aware of it and they have taken note of it and they […]

    FM to meet chiefs of public sector banks tomorrow

    Finance Minister Pranab Mukherjee will meet chiefs of public sector banks in New Delhi on Saturday, at a time when industrial growth has decelerated to a 13-month low of 7.1 per cent and interest rates have moved northward. The Finance Minister will also take stock of the financial performance of the banks and their projections […]

    Bajaj Auto Finance announces its new brand identity as Bajaj Finserv Lending.

     Bajaj Auto Finance has renamed its brand identity as Bajaj Finserv Lending. Bajaj Finserv is the financial services company of the Bajaj Group.The new identity is easily identifiable and yet distinct. Bajaj Auto Finance has renamed its brand identity as Bajaj Finserv Lending. Bajaj Finserv is the financial services company of the Bajaj Group. Its […]

    SBI Q1 net profit up 25% at Rs 2914 cr, beats estimates

     India’s largest bank – State Bank of India (SBI) has announced its results for the quarter ended June 2010. It has reported net profit of Rs 2,914 crore as against Rs 2,330.4 crore, a growth of 25.04% on year-on-year basis. Net interest income jumped 45.36% to Rs 7,304 crore from Rs 5,024.9 crore in same […]