APN News

  • Thursday, May, 2024| Today's Market | Current Time: 06:54:13

    • Breaking News Finance

    FDI in services dips 22% to USD 3.27 bn in Apr-Feb last fiscal

    Foreign direct investment (FDI) in the country’s services sector declined by about 22 per cent to USD 3.27 billion (Rs 14,958 crore) during April-February last fiscal, according to the industry ministry data. The services sector (financial and non-financial services) had attracted FDI worth USD 4.18 billion (Rs 20,015 crore) during April-February, 2009-10. According to economists, […]

    Banking

    Bank of Maharashtra’s Bharat Ratna Dr. Babasaheb Ambedkar trophy to Umrale branch

    Pune: – Bank of Maharashtra’s first ever Bharat Ratna Dr. Babasaheb Ambedkar for excellent performing branch in the area of lending and recovery of credit to the SC/ST community was awarded to Umrale (Nasik)branch of the bank. The trophy and a cash prize of Rs 25,000 was handed over to Mr. V V Varahagiri manager […]

    Banking

    ADB lent USD 17.51 bn in 2010

    The Asian Development Bank (ADB), on Wednesday said it has approved USD 17.51 billion in financing operations last year to assist its developing member countries achieve their Millennium Development Goals. According to ADB’s 2010 Annual Report, the multilateral lending agency approved USD 15.50 billion for investment support, USD 1.68 billion on policy-based support, and USD […]

    Banking

    ICICI Bank Identifies TERI to Propagate Research on Energy Efficiency and Capacity Building in Large and Small Enterprises

    New Delhi: The Energy and Resources Institute and ICICI Bank Ltd signed a ‘Soft loan agreement’ today to promote research and development in specific areas, such as nano-biotechnology, energy efficient technology, micro enterprise systems and other vital areas of sustainable development. The agreement was signed between Dr. R. K Pachauri, Director-General, TERI and Ms. Chanda […]

    Finance

    Revolutionary Operating Model for the Mutual Fund Industry

    Madurai: With the sole objective of increasing the efficiency of the mutual fund industry, Mutual Fund NAV Plus introduces a revolutionary operating (business) model enabled by our patent-pending collaborative NAV Plus platform. Mutual Fund NAV Plus accomplishes its mission of “‘Maximizing NAV and Minimizing Expenses” by enabling standardized best-in-class business processes across the distribution channel. […]

    Banking

    Canara HSBC Oriental Bank of Commerce Life Insurance Records 82% Growth in FY 2010-11 through Bancassurance

    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 recorded 82% growth in FY 2010-11 over the previous fiscal. The Company is also one of […]

    Banking Breaking News

    Tata Motors enters into a tie-up with State Bank of India for channel financing

    Mumbai: Tata Motors has entered into an agreement with State Bank of India (SBI) for providing channel financing facilities to the Tata Motors dealers. The bank will provide financing for both, the passenger vehicles and commercial vehicles range. The dealers of Tata Motors will now have access to ready upstream finance from SBI to meet […]

    Banking Breaking News

    SBI hikes lending rates by 25 bps

    Country’s largest bank SBI on Tuesday  announced a hike in its base rate by 25 basis points, making home and auto loans from the lender dearer. The lender also increased its benchmark lending rate by the same margin which would mean the existing borrowers also have to pay more for their loans. The rate hike […]

    Banking

    Rising food prices threat to poor: World Bank

    World Bank President Robert Zoellick says the surge in global food prices is the biggest threat to the world’s poor. Zoellick said 44 million people have fallen into poverty in the last year because of rising food prices, noting the world is very close to a “full-blown crisis.” He called for action from rich nations […]

    Finance

    ‘Accounting cos should be entrusted with audit of Corporates’

    Making a strong plea to entrust the audit of Indian corporate with Indian Accounting firms, the Indian Institute of Chartered Accountants ofIndia (ICAI) President G Ramaswamy, said this would help prevent massive frauds. It is time to entrust the audit of Indian corporates with the Indian Accountants firms, Ramaswamy said on Monday. This would prevent […]

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