| Top Stories- July 2007
State Bank of India (SBI) has clocked a 78.6 per cent jump in net profit for the first quarter ended June 30, 2007 at Rs. 1,425.81 crore...Read more
IRDA has announced guidelines for closure of liaison offices established in India by insurance companies registered outside India...Read more
Personal loan pools in India have shown a higher delinquency compared to other asset categories, says Fitch Ratings...Read more
China upgraded by Moody's from A2 to A1 on strong strong external payments position and economic reform progress...Read more
Turbulence in financial markets has not reached systemic levels of intensity, but there are still serious causes for concern, says Moody's...Read more
Innovation is key to Indian IT-ITES sector for tapping additional revenue potential of US$ 50 billion, according to Nasscom-BCG...Read more
Almost 80% of respondents in PRMIA survey believe that Basel II implementation will make the banking system more stable...Read more
Industrial and Commercial Bank of China has become the world's largest bank by market capitalisation, overtaking Citigroup...Read more
A Technical Group constituted by Reserve Bank of India has proposed model law for governing money lending in the country...Read more
A PFRDA committee has selected State Bank of India (SBI), Life Insurance Corporation (LIC) and UTI Asset Management Company (UTIAMC) to be the first sponsors of pension funds in India...Read more
Citigroup and Bank of America have announced improved second-quarter profits...Read more
CII 'State of the Economy' for the last quarter-Q4, shows that the impressive performance of the Corporate sector continues and is led by the services sector...Read more
The Indian IT-ITES industry is presently creating jobs for over 7.5 million people both directly and indirectly, according to nasscom...Read more
Bank of Baroda (BoB), as part of centenary year 2007-08, has ambitious plans for expansion abroad ...Read more
The People's Bank of China has announced an increase of 27 basis points in commercial bank benchmark one-year deposit and lending rates...Read more
RBI has liberalised the procedure for SEBI approved clearing corporations for opening of demat accounts and maintenance of collaterals...Read more
This is the fifth time that India has topped the Global Consumer Confidence Index conducted by the Nielsen Company...Read more
Small savings have experienced a decline of 21 per cent during 2006-07,as commercial banks now offer higher interest rates on the deposits, according to a study...Read ITES_BPO related stories
Central bankers have called for more action to reduce foreign exchange settlement risk ...Read more
RBI has allowed Urban Cooperative Banks (UCBs) to act as agents/sub-agents under Money Transfer Service Schemes...Read more
HSBC survey shows that people in developing economies exhibit the greatest concern, commitment and optimism towards the problem of climate change...Read more
Asia/Pacific (Excluding Japan) Public Sector IT spending to exceed US$32 billion by 2011, according to Government Insights, an IDC company...Read IT related news
Indian Government has announced relief on rupee export credit interest rates to exporters from nine sectors...Read more
Virtualization services market will grow from $5.5 billion in 2006 to $11.7 billion by 2011, according to IDC...Read more
The European Union Solvency II directive proposal signals progress in insurance supervision, according to IAIS...Read more
Fitch has upgraded the Individual rating of Bank of India (BOI) to 'C/D' from 'D'. The Support rating is affirmed at '2'...Read more
ITES-BPO segment grew by 33.5% per cent contributing USD 8.4 billion to the total software and services exports of USD 31.4 billion...Read ITES_BPO related stories
SEBI has modified the listing agreement to rationalize process and formats for submission of financial results to stock exchanges...Read more
SEBI has withdrawn recognition granted to Saurashtra Kutch Stock Exchange with immediate effect...Read more
Moody's maintains stable or stable to positive outlooks for the 16 banking systems which it rates in Asia Pacific...Read more
World insurance premium growth in 2006 accelerated further, according to sigma study...Read insurance related stories
Captives BPOs of foreign firms operating in India will not be liable to be taxed, rules Supreme Court...Read more
The cost of fighting money laundering has risen dramatically for banks across the world, according to a global study by KPMG...Read more
Oriental Insurance Company has reported a 75 per cent jump in net profit to Rs 497.27 crore for 2006-07...Read more
Mobile Industry value added services (VAS) is poised to grow by over 65% and generate Rs 8200 crore by march 2008...Read more
Asian economies and markets have recovered their growth and stability in 10 years since the financial crisis, says Moody's Investors Service...Read more
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