According to sources close to the development, major domestic banks and institutions such as State Bank of India (SBI), Bank of India (BoI) and Life Insurance Corporation (LIC) have sought the permission of their respective regulators - the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority (Irda) to participate in the equity derivatives market (F&O segment) as traders.
Three MFs - Benchmark, Lotus and Tata MF - have filed draft offer documents for their upcoming banking sector schemes.
Roger Federer beat Finn Jarkko Nieminen 6-3, 6-4 to defend his title in Basel and top the year-end rankings.
The world No 1 will face unseeded Finn Jarkko Nieminen, who defeated 2006 Australian Open finalist Marcos Baghdatis 7-6 6-2 in the other semi-final.
Madrid Masters winner David Nalbandian suffered a shock first round defeat at the Basel ATP event.
Former European champions Ajax Amsterdam made a shock exit from the UEFA Cup on Thursday after a 3-2 home defeat by Dinamo Zagreb gave the Croatians victory on the away goals rule.
There is still plenty to be decided in the final round of group matches in the UEFA Champions League this week even though 13 of the 16 teams through to the knockout phase are already known. European Cup holders Manchester United and the likes of nine-times champions Real Madrid, Barcelona, Juventus, Arsenal and Liverpool have secured their places in the first knockout round.
Former European champions Liverpool and Inter Milan sealed their berths in the Champions League last 16 but last season's finalists Chelsea still have work to do after a 1-1 draw at Girondins Bordeaux on Wednesday.
Reliance Industries Ltd (RIL), in its efforts to gain control over LyondellBasell, is looking to team up with the unsecured creditors and bond holders of the bankrupt Dutch petrochemicals giant.
Paul Herrling, global head of Novartis' corporate research, spoke to Business Standard about the changing concepts in R&D and Novartis' strategy.
Several corporate, including some airlines, software and even consulting companies operate in India with dodgy secretive and multi-layered ownership patterns.
Barcelona and Sporting advanced to the Champions League knockout stage while Inter Milan and Chelsea missed the chance to guarantee their places on Tuesday.
Roger Federer stuttered into the quarter-finals In Basel after a tough 7-6, 7-6 second round win over Jarkko Nieminen.
The Centre is planning to raise the ceiling on foreign equity holding in public sector banks to enable them to mop up the required capital for meeting higher capital requirements and to fund growth.
There has been a round of discussion on the proposal and the bank is likely to issue perpetual bonds this week.
Banks want the government to bear the cost of providing cover under the proposed credit guarantee scheme for distressed farmers.
Environmental and social activist groups in the country have expressed concern that Japan may dump toxic wastes into India by taking advantage of the proposed comprehensive economic partnership agreement.
The country's largest commercial bank State Bank of India is likely to go for stake sale by December as a part of its efforts to mobilise Rs 50,000 crore (Rs 500 billion) in the next three years.
Romania's CFR Cluj shocked AS Roma 2-1 on their Champions League debut on Tuesday but there were no surprises for Chelsea, Liverpool, Barcelona or Inter Milan who all won their opening group games.
Argentina put behind a dismal first half to beat Algeria 4-3 in a friendly international.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
A way to ensure good growth as private banks find organic growth tough.
Arsenal will face Twente Enschede after the teams were paired in the Champions League third qualifying round draw.
World number one Roger Federer became the first living Swiss person to have his picture enshrined on a postage stamp.
Turkey flirted with unlikely glory but in the end it was Germany, as usual, who battled into another major final with a thrilling last-gasp 3-2 victory.
Spain's Rafael Nadal will have to counter the vinyl-covered wood-base floor during the Davis Cup tie against Switzerland.
Exposure to commercial projects under lens.
BMO Financial Group, a leading financial service provider in North America, has selected i-flex's Reveleus Basel II solution to accelerate its Basel II compliance efforts.
Roger Federer became the latest withdrawal at this week's Paris Masters when he pulled out due to exhaustion.
The world number one set up a final against Fernando Gonzalez for the second successive week.
Werder Bremen goalkeeper Tim Wiese saved two first-half penalties as the Bundesliga side began their UEFA Cup campaign with a 3-0 win over Braga.
Baby steps are pleasing to see, but when it comes to policy-making, one has to see where they go. Policy statements rarely provide the specific rationale for the proposed "baby steps". Economists, who see "baby steps" as "interest rate smoothening", infer a rationale for such actions in a variety of ways, as for example from the minutes of the policy meetings where they are made available.
Aparna Popat went down to fourth seed Jie Yao of Netherlands 4-11, 2-11 in just 18 minutes.
The Indian ace upset eighth seed Petya Nedeltcheva of Bulgaria in the Swiss Open badminton tournament.
Popat lost the opening game but came back strongly to beat Cutsen of Netherlands in the Swiss Open badminton tournament.
The huge losses suffered by major banks recently, particularly in the United States and the United Kingdom, have brought to the fore the weaknesses of the architecture of the Basel II capital ratios, and have also raised questions pertaining to the wisdom of fair value accounting norms.
The Raleigh-Durham area in North Carolina state has been ranked as America's top technology hub: it offers affordable housing and plenty of jobs and good quality of life.
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