Thursday, September 2, 2010

SBI's crorepati branch in Hyderabad

SBI's crorepati branch in Hyderabad

SBI's crorepati branch in Hyderabad

Posted: 02 Sep 2010 12:35 PM PDT

SBI has been in a hurry in the last few years to shed its sleepy, PSU image. After its aggressive retail play, it's taking the fight straight to private and foreign banks by targeting their preferred clientele — the very rich. Particularly, those who count their bank balance in the multiples of eight digits.

London builders eye rich Indians

Posted: 02 Sep 2010 12:46 PM PDT

As Britain's housing market continues its downward spiral due to recession, London's biggest builders are targeting cash-rich investors from India and other emerging economies to stay afloat.

Infosys loses work from Deutsche Bank

Posted: 02 Sep 2010 12:37 PM PDT

Deutsche Bank is moving a portion of its back office processes from Infosys BPO to its captive centre in the city. Critical processes related to clients' trade and derivatives will move to Deutsche Network Services in Whitefield.

Burger King to be sold for $3.26bn

Posted: 02 Sep 2010 08:33 AM PDT

Burger King Holdings Inc, the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.

Realtors unfazed by SC's verdict in Mumbai

Posted: 02 Sep 2010 12:25 PM PDT

Most builders seem unaffected by Wednesday's Supreme Court ruling, which prohibited them from selling parking areas as independent units to flat buyers.

Rupee ends stronger against dollar

Posted: 02 Sep 2010 08:21 AM PDT

The rupee rose on Thursday aided by the dollar losses against major currencies and other Asian units ahead of the European Central Bank's policy decision due at 1145 GMT and the US non-farm payroll data due on Friday.

Sensex ends 32 points up

Posted: 02 Sep 2010 04:21 AM PDT

The BSE benchmark Sensex closed with a minor gain of over 32 points on Thursday as investors refrained from buying riskier assets ahead of the release of key economic data by the US.

Sunil Mittal's son joins Bharti's subsidiary

Posted: 02 Sep 2010 06:55 AM PDT

First generation telecom entrepreneur Sunil Mittal is carving out a place for the Generation Next, by employing his son in a group company that is responsible for Bharti Airtel's international business.

Thai Indian entrepreneur's wealth soars by 252%

Posted: 02 Sep 2010 01:16 AM PDT

The ongoing political turmoil in Thailand has apparently not prevented the kingdom's richest people from getting richer. The biggest gainer in percentage terms is longtime Thai Indian resident Aloke Lohia.

LTA to enjoy tax exemption in new regime

Posted: 01 Sep 2010 12:23 PM PDT

The government may allow the LTA to be exempted from taxation once the Direct Tax Code (DTC) comes into effect. However, in the new structure, the LTA will be clubbed as a part of the income.

Primary market sees sharp fall in August

Posted: 02 Sep 2010 12:42 PM PDT

With a general perception that Indian securities are overpriced, primary market investors are adopting a wait-and-watch policy before subscribing to issues, both equity and debt.

Lehman Bros units in trouble

Posted: 02 Sep 2010 12:57 PM PDT

Two struggling units of Lehman Brothers Holdings Inc, the bankrupt US investment bank, need hundreds of millions of dollars in capital to stave off failure that could cost Lehman billions, according to court documents.
Posted by Harshad at 9:09 PM

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