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7 November 2009 year (time zone GMT 00:00)  Number of sources in English: 4959
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Loan growth decreases after rising for four consecutive fortnights

07.11.2009 20:36    rupeetimes.com
After witnessing a robust growth for four consecutive fortnights, loans growth saw a decrease in the latest fortnight ending October 23. Though the bankers are optimistic that the growth in the second half of the fiscal would be better than
Loan growth decreases after rising for four consecutive fortnights


Government parks excess funds with RBI

07.11.2009 20:35    rupeetimes.com
The government has parked idle funds worth Rs 61,343 crore in its account with the Reserve Bank of India. The idle money with RBI increased from Rs 12,837 crore in June 2009 to Rs 80,775 crore by end-September, and has
Government parks excess funds with RBI

Modi lands into trouble

07.11.2009 20:35    rupeetimes.com
Bihar's deputy Chief Minister, Sushil Kumar Modi's announcement to entitle the state Bataidars (sharecroppers) and landowners to Kisan Credit Cards has led to protests from the state legislators. The legislators are demanding his resignation. Kisan Credit cards are becoming increasingly
Modi lands into trouble

SBI unlikely to withdraw attractive home loan rates immediately

07.11.2009 20:35    rupeetimes.com
Nation's largest lender, State bank of India, said that it might not withdraw the home loan offer immediately. The home loan offer charges interest rates as low as 8 percent for the first year of repayment.As per the scheme, customers
SBI unlikely to withdraw attractive home loan rates immediately


Law to reduce government's holding in SBI

07.11.2009 20:35    rupeetimes.com
An official from finance ministry said that the government has planned to make an amendment in the law regarding its stake in India largest lender, State Bank of India (SBI), thereby enabling the bank to raise funds.Currently the government is
Law to reduce government's holding in SBI

Government to ease bank FDI norms

07.11.2009 20:35    rupeetimes.com
The centre is in talks with the banking regulator, RBI to ease foreign direct investment norms for banks having over 50 percent foreign ownership but operated by Indians. These banks include ICICI bank and HDFC bank amongst others.ICICI bank had
Government to ease bank FDI norms

RBI to restrict increasing presence of foreign banks in India

07.11.2009 20:35    rupeetimes.com
Reserve Bank of India has decided to carry out an audit in order to measure the transparency in all financial operations of foreign banks in India. The reason behind this is to ensure that these banks do not pose any
RBI to restrict increasing presence of foreign banks in India

Big UCBs overpower the smaller ones

07.11.2009 20:35    rupeetimes.com
According to a report on trends and progress of banking in India released by RBI only 1.2% of Urban Cooperative banks (UCBs) held deposits greater than Rs. 1000 crore as on March 2009. These banks constituted 33.6% in the entire
Big UCBs overpower the smaller ones

RBI purchases 200 tonnes of gold from IMF.

07.11.2009 20:35    rupeetimes.com
RBI has bought 200 tonnes of gold from International Monetary fund (IMF). This would not just help in diversifying India's foreign exchange but also help in enhancing value of reserves.Gold prices have been rising at a faster pace than most
RBI purchases 200 tonnes of gold from IMF.

Loans worth Rs. 500 crore for Air India

07.11.2009 20:35    rupeetimes.com
Air India has managed to procure a Working Capital loan worth Rs. 500 crore from SBI. The loan would be used in payments of delayed allowances and incentives to the employees. AI was in urgent need of loans worth Rs.
Loans worth Rs. 500 crore for Air India

AIG exceeds expectations, posts $455 million Q3 profits

07.11.2009 15:30    dailystar.com.lb
Bailed out insurance giant AIG announced Friday a profit of $455 million in the third quarter, a massive turnaround from a $24.4 billion loss in the same period last year.The earnings from group, the largest recipient of US government aid
AIG exceeds expectations, posts $455 million Q3 profits

G20 finance ministers discuss efforts to shore up global economy

07.11.2009 15:29    dailystar.com.lb
G20 finance ministers met Friday to shore up the recovery from the global financial crisis and discuss funding for a still uncertain agreement on climate change.The ministers from the world's 20 most powerful and fastest emerging economies held the third
G20 finance ministers discuss efforts to shore up global economy

US unemployment rate soars past 10 percent for first time since 1983

07.11.2009 15:29    dailystar.com.lb
The US unemployment rate has surpassed 10 percent for the first time since 1983, and is likely to go higher.Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended. The Labor
US unemployment rate soars past 10 percent for first time since 1983

Job seekers line up for Time Square toilets

07.11.2009 15:29    dailystar.com.lb
Wanted: outgoing and enthusiastic applicants to work as restroom ambassadors in central New York location. Good pay.Amid a struggling US economy, hundreds of jobseekers applied on Thursday at the open auditions for the opportunity to interact with guests at the
Job seekers line up for Time Square toilets

British Airways sees record $482 million loss in first half

07.11.2009 15:29    dailystar.com.lb
British Airways Plc. fell to a worse-than-expected first-half loss and forecast annual revenues 1 billion pounds lower than last year, but said traffic volumes and yields had stabilized.The airline, whose alliance with American Airlines and Spain's Iberia is being scrutinized
British Airways sees record $482 million loss in first half

China blasts new US steel-pipe anti-dumping duties

07.11.2009 15:29    dailystar.com.lb
China denounced as protectionist new US anti-dumping duties on steel pipes and launched its own investigation into imports of US-made automobiles on Friday, a week before a visit by President Barack Obama.It also called for Washington's swift recognition that China
China blasts new US steel-pipe anti-dumping duties

Global unemployment still rising despite signs of recovery

07.11.2009 15:29    dailystar.com.lb
Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in many of
Global unemployment still rising despite signs of recovery

IBM unveils Lotus Center in Pune

07.11.2009 10:59    ibm.com
IBM today unveiled the Lotus Center for Advanced Collaboration (LCAC). The center, which is claimed to be the only one of its kind in Asia Pacific, is located at the IBM Software Lab in Pune and will host dedicated technical
India    IBM News    Press-releases
IBM unveils Lotus Center in Pune

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