Monthly Archives: May 2006

Indian stocks may extend their three- day, 14 percent slump as some overseas investors judge local shares expensive given the outlook for earnings. Stocks tumbled 10 percent at one point yesterday, sparking a one-hour halt on both the Mumbai Stock … Continue reading →

The Sensex is now down 127 points at 10,446. The index had opened with a negative gap of 52 points at 10,521, and then tumbled to a low of 10,275 – down 298 points from the previous close. Reliance Energy … Continue reading →

Central bank asks banks to levy reasonable, cost-based charges.    If the minimum average quarterly balance in your bank account falls below the stipulated level, ICICI Bank and HSBC debit Rs 750 from your account as a penalty.    However, … Continue reading →

NEW DELHI (Reuters) -Finance Minister P Chidambaram has said people should stay in the market and there was no need to panic after markets crashed by over 1100 points on Monday. Dubbed as Black Monday – trading was suspended for … Continue reading →

The government�s keenness to remove the 10% voting limit in banks, push a higher FDI ceiling in airport revamp ventures and revisit foreign shareholding norms in telecom is welcome. Unwarranted restrictions on or hindrances to foreign investments are largely the … Continue reading →

The State Bank of India (SBI) will be able to unlock huge value once its seven associate banks entered the capital market with public issue offers, A K Purwar, chairman of SBI, said yesterday. "We expect to get good money … Continue reading →