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SocGen may buy stake in Bank of Rajasthan
FRENCH bank Societe Generale may buy a 14.5 per cent equity stake in Bank of Rajasthan, it is learnt. A top source at the local bank said that Societe Generale (SocGen) had informally indicated that it was keen on picking up the equity stake, ...
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P.J. Nayak re-appointed as CMD of UTI Bank
DR P.J. Nayak has been re-appointed as the Chairman and Managing Director of UTI Bank. The bank's board took this decision on Wednesday, a week after it decided to split the CMD post into the non-executive chairman and the managing director. ...
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Reach, VSNL oppose integration of Flag, Falcon
INTERNATIONAL wholesale carrier Reach and VSNL have raised objections to the proposed integration of the FLAG Europe Asia (FEA) cable system with FALCON, both owned by Reliance Industries. The two international long-distance carriers have ...
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HLL seeks States' help to tackle counterfeiting
HINDUSTAN Lever Ltd, impacted by the counterfeiting of its brands, has sought the intervention of State Governments in checking production of bogus goods. The Rs 10,138-crore fast-moving consumer goods (FMCG) major, which has incurred a loss ...
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No bubble build-up in stock markets, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Wednesday held that he does not see any bubble-like situation in the stock markets even as he maintained that the Government was keeping a close watch on the Sensex. The Sensex had touched an all ...
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Techs weaken on Infosys warning
THE rally in the first two days of this week was aborted by the bearish sentiment that prevailed during Wednesday's trading. The benchmark indices such as the BSE Sensex and the S&P CNX Nifty closed on a weak note. The Sensex closed at ...
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PC sales grow 37 pc in first half
THE report card for computer sales is out. Fuelled by attractive price points and an increased consumption among verticals and in smaller towns and cities, PC sales have grossed a record 1.71 million units in the first half of the current ...
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Flying overseas: Mallya writes to PM
THE UB group, which is promoting the airline Kingfisher, has written to the Prime Minister, Dr Manmohan Singh, protesting against the Government's proposal to stipulate a requirement of five years' experience in the domestic skies before private ...
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