Tag archive for ‘as’
By Loknath Das On Tuesday, August 1st, 2017
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SBI Shares Up 5% As Bank Cuts Interest Rate On Savings Accounts

New Delhi: Shares of State Bank of India went up by nearly 5 per cent today after it slashed interest on savings account deposits by 50 basis points to 3.5 per cent on balance of up to Rs. 1 crore. The SBI stock More...

By Loknath Das On Tuesday, August 1st, 2017
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ICICI Bank’s Shares Down 3% As Bad Loans Rise, Weak Q1 Profit Growth

New Delhi: ICICI Bank shares today declined by 3 per cent after the private bank reported a marginal rise of 3.5 per cent in consolidated net profit for the first quarter of current fiscal on asset quality woes. After More...

By Loknath Das On Friday, July 21st, 2017
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ITC shares tank 15% as govt hikes cigarette cess

Shares fell on Tuesday from record highs hit in the previous session as the country’s biggest cigarette maker and index heavyweight ITC Ltd plunged after the federal government increased tax on cigarettes. Tax More...

By Loknath Das On Wednesday, June 28th, 2017
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Investors Flock To Asian Bonds As US Yields Slide

Singapore: Asia bond demand is running at its highest level in eight months and looks set to stay firm this year, boosted by the region’s higher returns at a time when stubbornly low inflation in the United More...

By Loknath Das On Thursday, June 15th, 2017
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Atom Bank relaunches 2.2% three-year bond: is it as good this time around?

The digital bank has upped the interest rates on its fixed term savings products as follows: 1 year Fixed Saver: 1.80% AER (up from 1.70% AER) 2 year Fixed Saver: 2.00% AER (up from 1.80% AER) 3 year Fixed Saver: More...

By Loknath Das On Thursday, June 15th, 2017
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Uber India names Jaiteerth Patwari as senior engineering leader

India is the largest market outside the US for Uber and accounts for about 12 per cent of all Uber trips globally, as of last year. In India, the company operates in 29 cities.(Representative Photo) Cab aggregator More...

By Loknath Das On Tuesday, June 13th, 2017
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India ‘seen as a top market’ in retail, commercial realty

Farook Mahmood, Chairman and Managing Director of the Bengaluru-based real estate company Silverline Group, has been elected global president of FIABCI, the International Real Estate Federation. Mahmood, who has More...

By Loknath Das On Saturday, June 10th, 2017
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Clouds gather over UK economy as data points to lacklustre growth

  Britain’s economy made a lacklustre start to the the second quarter, according to official figures on Friday that added to gloom about the UK’s growth prospects following the inconclusive election results.   Manufacturing More...

By Loknath Das On Saturday, June 3rd, 2017
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Gold hits one-week low as stocks, dollar gain after upbeat U.S. data

Gold fell on Friday to hit its lowest in a week, with stock markets climbing and the dollar firming after upbeat U.S. private sector job figures appeared to boost the prospects for an interest rate hike this month. Investors More...

By Loknath Das On Thursday, May 25th, 2017
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Venezuela sets new exchange mechanism, as currency continues to slide

Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide. The More...