Brazil, France sign multi-billion dollar arms pactSeptember 7th, 2009 BRASILIA - Brazil and France have signed a major arms pact worth billions of dollars that includes transfer of key military technologies, building of submarines and purchase of helicopters. The agreement was sealed after a meeting between French President Nicolas Sarkozy and his Brazilian counterpart Luiz Inacio Lula da Silva here Monday.
A breakdown of servicers taking part in Treasury's loan-modification plan to aid homeownersAugust 6th, 2009 The servicers in gov't loan-modification planA look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners.
Top exec at French bank SocGen resigns after financial market watchdog starts investigationAugust 6th, 2009 Top executive at French bank SocGen resignsPARIS — Societe Generale SA says that a top executive whose career was damaged by the French bank's multibillion dollar trading scandal last year has resigned. Jean-Pierre Mustier is the former head of corporate and investment banking and one-time boss of disgraced trader Jerome Kerviel.
South Indian Bank finalising pact with Qatar bankJuly 31st, 2009 THRISSUR - Kerala-based South Indian Bank (SIB) is close to signing a partnership agreement with a major commercial bank in Qatar, a senior SIB official said Friday. Talks on the agreement are fast progressing and the deal would be announced shortly, the official told IANS on condition of anonymity as he was not authorised to speak on the matter.
Central Bank to raise stake in housing finance armJuly 29th, 2009 KOLKATA - State-run Central Bank of India plans to raise its stake in its housing finance arm Centbank Home Finance, a top official said here Wednesday. The bank is planning to acquire the stakes of its two partners - Special Undertaking of UTI (SUUTI) and Urban Development Corp Ltd (HUDCO) - in Centbank Home Finance, S.
State Bank to raise interest rates after DiwaliJuly 13th, 2009 KOLKATA - The country's largest lender, State Bank of India (SBI), will raise interest rates by 25 to 100 basis points after Diwali, a top company official said here Monday. "If there is huge amount of credit growth, which I believe would happen with economic growth picking up, the interest rates will go up," said SBI Chairman O.P.
Bank of Maharashtra plans to raise Rs.1,500 croreJuly 7th, 2009 KOLKATA - State-owned Bank of Maharashtra is planning to raise Rs.1,500 crore in three years, a top bank official said here Tuesday. "We have a plan to raise Rs.500 crore every year (starting from this fiscal) for three years via follow-on public offer, qualified institutional placement or issue perpetual preference shares," bank chairman and managing director Allen C.A.
Corporation Bank plans to raise Rs.1,000 croreJune 30th, 2009 KOLKATA - The state-run Corporation Bank is planning to raise Rs.1,000 crore this fiscal, a top official said here Tuesday. "This year we have already raised Rs.1,000 crore and we are planning to raise another Rs.1,000 crore through tier I perpetual bonds or tier II capital," J.M.
Parsvnath board okays proposal to raise Rs.25 billionMay 25th, 2009 NEW DELHI - Taking cue from the other realty majors, the board of real estate firm Parsvnath Developers Monday approved a proposal to raise up to Rs.2,500 crore (Rs.25 billion/$529 million) through qualified institutional placement (QIP). "The board has decided to raise funds by various means, including through issuance of further securities to persons other than the existing equity shareholders of the company and also by way of QIP to qualified institutional buyers (QIB) for raising a sum of up to Rs.2,500 crore," Parsvnath said in a regulatory statement.
Bank of America sells $7.3 billion stake in China Construction BankMay 14th, 2009 BofA sells $7.3B stake in China Construction BankCHARLOTTE, N.C. — Bank of America Corp.
State Bank plans to raise Rs.20,000 croreMay 8th, 2009 KOLKATA - State Bank of India (SBI), the country's largest lender, wants to raise Rs.20,000 crore in the current fiscal, a top company official said here Friday. 'SBI wants to raise Rs.20,000 crore this fiscal.
Allahabad Bank, UAE firm tie up for remittance facilityMarch 30th, 2009 KOLKATA - City-based Allahabad Bank signed a pact Monday with the Gulf-based money transfer and exchange house UAE Exchange and Financial Services for promoting its own money transfer services, the company said here. According to the state-owned bank's chairman and managing director K.R.
Dhanalakshmi Bank to raise Rs.4 bn, open 80 new branchesMarch 18th, 2009 THIRUVANANTHAPURAM - Kerala-based Dhanalakshmi Bank will soon open 80 new branches across the country and raise Rs.4 billion (Rs.400 crore) in the next fiscal, a top official said here. At present, the 81-year-old bank has 174 branches in the country, of which 130 are in Kerala.
Nuclear Power Corp, French firm sign pact on reactorsFebruary 3rd, 2009 NEW DELHI - Following the government's green signal to foreign companies to participate in India's nuclear power programme, AREVA of France Wednesday signed a pact with state-run Nuclear Power Corp of India Ltd (NPCIL) to set up nuclear power reactors in Maharashtra. As per the agreement, the two companies will start technical and commercial discussions for setting up two to six European pressurised reactor (EPR) units of 1,650 MW each at Jaitapur in Maharashtra.
L&T signs pact with Canadian firm on nuclear reactorJanuary 21st, 2009 NEW DELHI - Soon after signing a pact with the US-based Westinghouse Electric to build nuclear reactors recently, engineering and construction major Larsen and Toubro (L&T) has signed a similar agreement with Atomic Energy of Canada Ltd (AECL), the company announced Thursday. The new agreement, however, is subject to final approval of a bilateral nuclear cooperation agreement between the governments of India and Canada.
Loading ...