India not planning further curbs on gold imports – trade secretary
India is not planning to impose any further curbs on gold imports as the current account deficit is under control, Trade Secretary Rajeev Kher said on Wednesday. The South Asian country has imported 7 tonnes of gold so far in January, while 39 tonnes of gold was imported in December, Kher said... read more »
ING Vysya Bank hits new high; Kotak Mahindra Bank nears record high on shar...
Shares of ING Vysya Bank hit a new high, while Kotak Mahindra Bank trading nears to its record high on the bourses after Shareholders of Kotak Mahindra Bank gave their approval to merge Bengaluru-based ING Vysya Bank with itself. At 1135 hours, ING Vysya Bank was up 3.4% at Rs 908, also its record... read more »
Standard Chartered to Close Cash Equities, Cut 2000 Jobs
Standard Chartered Plc (STAN) is closing its institutional equities business, eliminating about 200 jobs ahead of plans to cut 2,000 more staff as Chief Executive Officer Peter Sands tries to turn the U.K. bank around. Shutting the loss-making cash equities, equity capital market and equity... read more »
Oil dips below $50/barrel: Petrol car users can save up to Rs 9,400 a year
With global crude oil prices going below $50 a barrel, India’s finance and petroleum ministries find themselves at cross-purposes in a way that recalls the Roman two-faced god of the month, Janus. Before the first week of the New Year ended, the Indian basket of crude oil has come down from... read more »
