Author: admin

Jun 4

Morgan Stanley gets licence to set up bank in India

US-based Morgan Stanley has received the go-ahead from the Reserve Bank of India (RBI) to open a branch in India, which will allow it to accept deposits from the public and compete with larger regional rivals Citibank N.A. and JP Morgan Chase and Co., as first reported by The Economic Times on Wednesday http://www.livemint.com/2012/05/30222644/Morgan-Stanley-gets-RBI-nod-fo.html?atype=tp .
Jun 4

Morgan Stanley gets licence to set up bank in India

US-based Morgan Stanley has received the go-ahead from the Reserve Bank of India (RBI) to open a branch in India, which will allow it to accept deposits from the public and compete with larger regional rivals Citibank N.A. and JP Morgan Chase and Co., as first reported by The Economic Times on Wednesday http://www.livemint.com/2012/05/30222644/Morgan-Stanley-gets-RBI-nod-fo.html?atype=tp .
Jun 4

NSE loses trillion dollar market cap tag

A sharp plunge in rupee to record low below Rs 56-level today cost the top stock exchange NSE its trillion-dollar market capitalisation tag, while another bourse BSE managed to hold onto this status just by a whisker. Hit by the double-whammy of declining rupee and stock valuations, the cumulative market value of all the companies […]
Jun 4

New SEBI norms to hit real estate funds

Market regulator Securities and Exchange Board of India’s (Sebi) norms for alternative investment funds (AIF) are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to attract investors http://www.business-standard.com/india/news/new-sebi-norms-to-hit-real-estate-funds/475195/ .
Jun 4

New SEBI norms to hit real estate funds

Market regulator Securities and Exchange Board of India’s (Sebi) norms for alternative investment funds (AIF) are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to attract investors http://www.business-standard.com/india/news/new-sebi-norms-to-hit-real-estate-funds/475195/ .
Jun 4

Now, get 7.25% on your savings bank account

FirstRand Bank India (FRB), a division of South African based FirstRand, has announced to offer an interest rate of 7.25 per cent on savings accounts, a bank release said. This interest rate will be offered on its savings accounts with a minimum balance of Rs 1 lakh, it added. http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/firstrand-bank-india-offers-7-25-interest-on-savings-accounts/articleshow/13397815.cms .
Jun 4

Now, get 7.25% on your savings bank account

FirstRand Bank India (FRB), a division of South African based FirstRand, has announced to offer an interest rate of 7.25 per cent on savings accounts, a bank release said. This interest rate will be offered on its savings accounts with a minimum balance of Rs 1 lakh, it added. http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/firstrand-bank-india-offers-7-25-interest-on-savings-accounts/articleshow/13397815.cms .