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SBI's merger plan may lead to a banking meltdown

 'SBI is already too big. Too big to fail.''It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'......

'Budget is growth-oriented, part populist & investment friendly'

 Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary......

Sensex, Nifty end at record highs; banks, capital goods rally

 The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477. The markets scaled fresh all-time highs led by a strong rally in banking shares......

Positive consumer sentiment could drive auto industry

 Higher disposable incomes, rural push and infra push to boost auto sector Budget Provisions Increase in exemption limit for direct tax by Rs50,000 to Rs 2,50,000 for individuals and to Rs......

Samsung Life set to buy 26% in ING Insurance

 Deal with current owner Exide may be signed next weekExide Industries, which fully-owns ING Life Insurance, is in advanced stages of negotiations to sell 26 per cent of its stake to Korean insurer......

Life insurance for PHL players

 Private life insurance firm ING Vysya Life has signed on as the official insurer of the Premier Hockey League, it was announced on Thursday.The Bangalore-based company will provide a life insurance......

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