Bank employees body AIBEA today asked Prime Minister Narendra Modi to take steps to fill up the vacant posts of CMDs at state-run lenders including UBI, BoB and Canara Bank.
Public sector banks (PSBs), despite their huge branch networks, haven't been doing much to expand their mutual fund businesses. The numbers say it all.
Consumers are again entering in to bullion deals shops and buying gold jewellery. Just before the festival season began, almost for three months there was a vacuum where people were waiting for gold prices to fall.
Fund managers showed strong preference for equity schemes over debt as the 'money market' category saw a massive outflow of over Rs 67,000 crore in September.
World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City's first case of Ebola prompted investors to lock in profits after the best week for shares in well over a year.
Gold sales in India during the festivals of Diwali and Dhanteras rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.
Amid sharp decline in turnover of the commodity exchanges, regulator FMC has come out with a revised policy to allow traders to take higher position in commodities traded on the exchanges in order to improve depth and liquidity in the market.
India's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi implements reforms to attract investment, a Reuters poll of economists showed on Friday.
Manash Sarkar has taken over as the CEO of NTPC-SAIL Power Private Company Ltd, state-run NTPC said today.
Japanese shares rose to a two-week high on Friday as the weaker yen lifted exporters, while renewed fears about the spread of the Ebola virus in the United States bolstered Ebola-related stocks such as Fujifilm Holdings Corp.
Oil prices resumed their slide in Asian trade today following a sharp rebound the day before as investors wait for more signs of economic growth in Europe, analysts said.
Trading segments including Indian equity, forex, money and commodity markets are shut today on account of Diwali Balipratipada.
Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the US Securities and Exchange
US stock futures tumbled while safe-haven assets such as the yen and US bonds gained on Friday after media reported that a doctor who returned to New York City from West Africa has tested positive for Ebola.
Earnings from Caterpillar and 3M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker.
Government bond yields are seen falling on expectations of a rate cut this financial year, due to a fall in retail inflation. Experts say the yield on the 10-year benchmark bond might fall to 8.25 per cent in a month and eight per cent in six months.
India's two national bourses plan to sell stakes in their depository arms, which together account for 22 million investor accounts and demat assets worth Rs 121 lakh crore.
The decontrol of diesel over the weekend will have a profound effect on the oil industry value chain. It could significantly reduce the fiscal deficit and inflation.
Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand the range of its three "mini" contracts to include more base metals as well as coal, an executive said on Thursday.
Forget quantitative easing: the European Central Bank (ECB) may buy corporate bonds instead of gorging on sovereign debt, as partisans of an all-out war on deflation advocate.