Sun 26 Feb, 2012, 7:17 PM IST - India Markets closed

IT/ITes

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Oil & Gas

  • A general view of the Hellenic Petroleum refineries is seen at Aspropyrgos town

    Iran has refused to give Greece a shipment of 500,000 barrels of crude oil in a retaliatory measure against European Union sanctions on the Islamic state's lifeblood, oil, the semi-official Fars news agency ...

  • The United States did not openly call for a release of countries' strategic oil reserves during Group of 20 meetings this weekend, Group of 20 sources said on Saturday. U.S. Treasury Secretary Timothy ...

  • Ranchi, Feb 26 (IANS) Jharkhand will spend Rs.1,600 crore for laying transmission lines to transport power that would be produced in the state in the next three years. The state government has appointed ...

  • London, Feb 26 (ANI): Indian commodities giant Vedanta has planned to merge two of its largest subsidiaries, Sterlite Industries and Sesa Goa, in a near 14 billion dollars deal.

  • New Delhi, Feb 26 (IANS) The government should raise the depreciation rate for energy efficient technologies and plant and machinery to help companies go green and boost private investment, the Confederation ...

  • Vedanta creates Sesa Sterlite The Telegraph - 18 hours ago

    Mumbai, Feb. 25: Anil Agarwal-led Vedanta group is merging Sterlite Industries (India) Ltd into Sesa Goa in a major restructuring move aimed at creating a single holding company and one operating entity ...

  • A bird flies by the Vedanta office building in Mumbai

    Vedanta Resources plans to simplify its structure by placing all but one of its subsidiaries under the umbrella of a single unit, to be named Sesa Sterlite, as part of efforts to cut costs, improve access ...

  • Vedanta eyeing coal assets in India, Latin America Reuters - Sat 25 Feb, 2012 5:02 PM IST
    A man walks in front of the Vedanta office building in Mumbai

    London-listed Vedanta Resources is awaiting coal block auctions to be offered by the Indian government, chairman Anil Agarwal said on Saturday. The mining group is also is looking for coal assets in Latin ...

  • Vedanta merges Sterlite Industries and Sesa Goa Reuters - Sat 25 Feb, 2012 4:30 PM IST
    A bird flies by the Vedanta office building in Mumbai

    Vedanta Resources will simplify its business structure by merging its Indian subsidiaries Sterlite Industries and Sesa Goa into a single unit to cut costs and improve cashflows, the company said on Saturday ...

  • Power Grid plans capacity addition activities in next … Accord Fintech - Sat 25 Feb, 2012 4:28 PM IST

    Power Grid Corp of India (PGCIL) is likely to see aggressive capex and capacity addition activities in next two fiscals. In this regard, the company will invest about Rs 37,500 crore. This would be driven ...

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Banking & Finance

  • A Kingfisher Airlines aircraft taxis on the tarmac at Mumbai's domestic airport

    State Bank of India , the lead lender to Kingfisher Airlines will not consider any fresh loans for the debt-laden carrier until it raises new equity itself, a senior executive of the state-owned bank said. ...

  • A planned U.S. ban on banks trading for their own profit could hamper monetary policy and the ability of financial firms to manage risk unless foreign government debt is exempted, a top Citigroup executive ...

  • The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the ...

  • Reserve Bank of India grants approval to ICICI Bank … Contify Banking - Sat 25 Feb, 2012 6:45 PM IST

    New Delhi: The Reserve Bank of India (RBI) has granted an in-principle approval to the country's largest private sector lender ICICI Bank for establishing the country's first infrastructure debt fund (IDF), ...

  • Fiscal deficit to determine Reserve Bank of India's … Contify Banking - Sat 25 Feb, 2012 6:45 PM IST

    New Delhi: The government's ability to contain India's large fiscal deficit will determine the Reserve Bank of India's (RBI) move to lower interest rates, Planning Commission Deputy Chairman Montek Singh ...

  • Canara Bank to hire 2,000 probationary officers pa … Contify Banking - Sat 25 Feb, 2012 6:45 PM IST

    Mumbai: Indian public sector lender Canara Bank said it has initiated the process of recruiting probationary officers in the junior management grade (JMG) scale I to fill up around 2,000 vacancies pan-India.Candidates ...

  • Vijaya Bank sees its lending to small, medium businesses … Contify Banking - Sat 25 Feb, 2012 6:45 PM IST

    New Delhi: Indian state-run lender Vijaya Bank expects its lending to micro, small and medium enterprises (MSME) sector to exceed Rs 90 billion in the current financial year 2011-12 ending March 31, Chairman ...

  • ICICI Bank inaugurates new branch in Mumbai Accord Fintech - Sat 25 Feb, 2012 4:28 PM IST

    ICICI Bank, India’s largest private sector bank, has opened its new branch in Mumbai. It is a Retail & Commercial branch located at Bharat Diamond Bourse, an upcoming Diamond Hub at BKC in Mumbai.The branch ...

  • State Bank of India inaugurates home search centre … Accord Fintech - Sat 25 Feb, 2012 4:28 PM IST

    State Bank of India (SBI), country’s largest public sector bank has introduced a home search centre at its specialized personal banking branch in Kozhikode, Kerala to assist potential buyers of housing ...

  • Indian Bank launches account portability facility Accord Fintech - Sat 25 Feb, 2012 4:28 PM IST

    Indian Bank, public sector lender has introduced the account portability feature for transfer of deposit accounts from one branch to another branch. It will be done in the system within minutes and will ...

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