UK banks set to branch out in India

The United Kingdom has sought that British banks present in India be given the same benefits as those given by India to Singapore-based banks under Comprehensive Economic Cooperation Agreement with......

Cairn India's Rs 5,725 crore share buyback starts on Jan 23

Mining baron Anil Agarwal's Cairn India Ltd will spend up to Rs 5,725 crore (Rs 57.25 billion) to buy back shares to give him greater control over the nation's largest private oil producer. The......

Nifty ends below 7,750 amid volatility; Lupin falls 12% in 2 sessions

Despite making a higher opening, markets closed lower amid volatile trades on account of profit booking among index heavyweights at higher levels. Prospects of early interest rate hike by the US......

RBI norms may spell bad news for ICICI, SBI

The country's largest two banks, State Bank of India (SBI) and ICICI Bank, may have to shelve plans to set up intermediate holding companies to transfer their insurance and asset management......