The second largest bank in India, ICICI bank would be raising 20,000 crores in the month of June. The bank would be raising 15,000 crore through public issue and the rest of the money through ADR issue. In India this is the biggest ever fund raising...
Archive - September 2008
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Things couldn't have gotten better for Indian Institute of Management-Ahmedabad's (IIM-A) class of 2008. Way ahead of the end of the term, over 79 job offers have poured into the campus already.
The young aspiring management graduates still about...
The chairman of German industrial giant Siemens, who is embroiled in a major corruption scandal, has finally decided to resign. Heinrich von Pierer has announced that he will step down next week after a board meeting. Siemens is currently engulfed..
The world's biggest credit card data security breach has occurred and possibilities exist for bigger frauds to happen.
Encrypted files stolen by sophisticated computer hackers exposed credit and debit cards details of 44.7 million people to illegal...
First time home buyers can really thank Royal Bank of Scotland since it has introduced a number of mortgage deals which would impress them. The offer is open to both first tim and repeat buyers. The bank has now announced a two year fixed rate mortgage.
Even in the boom years nonprime mortgage business has failed to take off. This is probably a sad instance for such business. As long as everybody agreed to risky borrowers it clicked and everybody made money but now this is not the case. It is being...
You could use your real estate for bringing down your level of taxes and you don't need to be armed with innumerable bank accounts or CPAs, only working around with the tax code can simply help.
Sandy Botkin, Chief executive, Tax Reduction...
The galloping increase in the level of shorting in the shares is taking London Stock Exchange (LSE) towards a record haul. Index Explorer, the stock lending whiz reports that about 5.6 % of the LSE's shares are in the dispensed by shorters. Since...
Taking a credit card might be easy but maintaining it may not be the same. The time has gone when credit card companies used to be patient with their customers but now they are getting strict with them. All this is being blamed on the increasing bad...
Indian middle class is shuddering under the fear of central bank. The revised monetary policy has left the middle class confused. ICICI Bank which holds thirty percent of retail lending in the country raised the interest rate on all its floating rate...
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