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Stock & Share

Sensex up over 78 pts in early trade ahead of Economic Survey

The benchmark BSE Sensex recovered over 78 points in opening trade on Wednesday on emergence of buying by funds and retail investors at prevailing levels ahead of the release of Economic Survey later in the day. The 30-share index, which had lost 518 points on Tuesday, its worst drop in 10 months, recovered by 78.30 […]

Banking

ICICI Bank inaugurates its first branch in Kairana, Uttar Pradesh

Kairana: ICICI Bank Ltd, India’s largest private sector bank, today launched a new branch at Kairana in Shamli district, Uttar Pradesh. The branch, located at 696 Satyam Colony, Shamli Road, Kairana is the Bank’s first in the city and the second in Shamli district. Mr. S.K Mishra, Sub Divisional Magistrate, Kairana inaugurated this branch while […]

Banking

Federal Bank unveils its first-ever brand centric campaign with 3 TVCs created by Ogilvy

Bangalore: Federal Bank, a leading pan-India private sector bank, unveiled the first-ever brand centric campaign in association with its new advertising partner, Ogilvy. Centering around the theme of long lasting partnerships, Federal Bank – ‘Your Perfect Banking Partner’ – released a series of emotionally appealing and heartwarming television commercials (TVCs) on national and regional television […]

Banking

ICICI Bank organised 36 Coin Exchange Melas across Mumbai

Mumbai: ICICI Bank Ltd, India’s largest private sector bank, organised 36 Coin Exchange Melas at its various branches in Mumbai, Navi Mumbai and Thane during June 2014, under the guidance of the Reserve Bank of India. The Bank organises Coin Exchange Melas to offer free facility of exchanging acceptable soiled and mutilated currency notes with […]

Business

Rail stocks derail; see losses of up to 20 pc

Share prices of companies that cater to the railway sector plunged as much as 20 per cent on Tuesday due to profit-booking on a day when the Rail Budget for 2014-15 was presented. Texmaco Rail & Engineering tumbled 19.84 per cent, while BEML dropped 5 per cent on the BSE. Shares of Kalindee Rail Nirman […]

Business

Railway Min to seek Cabinet nod for FDI policy relaxation

Looking to attract funds for infrastructure development, the Railways Ministry would seek approval of the Union Cabinet to relax foreign direct investment policy to overcome cash crunch. While presenting the Railway Budget for 2014-15, Railways Minister Sadananda Gowda today said the government would mobilise resources to fund different infrastructure projects. “Growth of railway sector depends […]

Stock & Share

Sensex hits new high of 26,190, Nifty crosses 7,800

After opening on a positive note, markets witnessed hectic profit-booking in most of the sectors in late morning trade, leading to fall in the Sensex and Nifty by nearly 100 points from their all-time highs ahead of the Railway Budget. Earlier, the Sensex touched new all-time high of 26,190.44 and Nifty crossed the 7,800-mark for […]

Business

Rail Budget to spell out strategy to shore up revenue

Having done a pre-budget hike of 14.2 per cent in passenger fares and raised freight rates, Railway Minister Sadananda Gowda’s maiden budget is likely to adopt a realistic approach in announcing new trains, lines and survey in view of the cash crunch of Rs 26,000 crore. With the growth in passenger earnings declining, railways is […]

Banking

ICICI Bank organised Six Coin Exchange Melas in Jharkhand

Jharkhand: ICICI Bank Ltd, India’s largest private sector bank, organised six Coin Exchange Melas at its various branches in Jharkhand during June 2014. The melas were conducted in line with the guidelines of the Reserve Bank of India. These melas were organized at its branches in Ramgarh, Ranchi, Hazaribagh, Jamshedpur, Deoghar and Dhanbad in Jharkahnd […]

Business

Proposal for Rs 1,000 minimum monthly pension approved: Govt

Government has approved minimum monthly pension of Rs 1,000 under Employees Pension Scheme 1995 (EPS-95) run by the retirement body Employees’ Provident Fund Organisation (EPFO), Parliament was informed on Monday. The decision of the government would immediately benefit 28 lakh pensioners including 5 lakh widows getting less than Rs 1000 as pension every month. In […]