SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.
Industry
UK Watchdog: Lloyds Must Raise GBP8.6 Billion Capital
Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.
Eur60 Billion Euro Zone Bailout Fund to Save Banks
Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.
Hedge Fund Exits Rise in June, Investors Repositions in Mid-Year
Investors used the mid-year point to review fund portfolios making requests to pull out cash from hedge funds increase in June.
Putin Announces Investment Plan
Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.
Latest News
More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.
According to the Nikkei newspaper, Mitsubishi UFG Financial Group of Japan paid US$4.1 billion for the acquisition of Thailand's fifth largest lender, the Bank of Ayudhya.
John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.
Cochin Shipyard considered IPO to fund its expansion that is valued roughly at RS1500 crore. (Photo : Reuters)The image shows a ship dry docking at a port.
Bell Hospital's directors announced today that it has signed an agreement to be acquired by LifePoint Hospitals.
On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.
On Friday, Al Noor floated in the London Stock Exchange and made its debut at GBP5.75 per share piece.
Spreadtrum, a Chinese cellphone chip designer said it received a buyout proposal from Tsinghua Holdings priced at US$1.38 billion.
According to Morgan Stanley, it has received a clearance notice to acquire the remaining 35% stake in its joint wealth management firm.
