Page-56 of IBPS

LIC trims stake in Infosys to 3.25%; garners ₹850 cr

April 23, 2014

LIC, the biggest institutional investor in the stock market, the State-run insurer Life Insurance Corporation of India (LIC) has reduced its stake in Infosys, the country’s second largest software services exporter, to 3.25% in the last quarter. The share sale estimated at ..

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Arvind Mayaram appointed new Finance Secretary

April 23, 2014

Appointments Committee of the Cabinet (ACC) has approved Economic Affairs Secretary Arvind Mayaram as the new Finance Secretary. Arvind Mayaram, a 1978 batch Rajasthan cadre IAS officer has been holding charge as the Economic Affairs Secretary since 2012. [icon name=”icon-question-sign”]Who is a ..

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Documentary "Gulabi Gang" to be screened at the 14th New York Indian Film Festival

April 23, 2014

Documentary “Gulabi Gang” to be screened at the 14th New York Indian Film Festival that will run from May 5 to 10, 2014. Directed by Nishtha Jain, it is based on the life of Sampat Pal Devi, a child bride and former ..

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Fitch affirms India's BBB- ratings; outlook stable

April 23, 2014

Ratings agency Fitch affirmed following Ratings/ Outlook for India: India’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs): “BBB-“ India’s senior unsecured foreign and local currency bonds: “BBB-“ Outlooks on the Long-Term IDRs: “Stable” India’s Ceiling: “BBB-“ Short-Term Foreign ..

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Sachin becomes first Indian to feature on the cover of Wisden Cricketers’ Almanack

April 22, 2014

The 2014 edition of Wiesden Cricketers’ Almanack recently published has retired legend Sachin Tendulkar on its cover. This is the 151st edition of the Wisden Cricketers’ Almanack. Tendulkar also became the first Indian cricketer to feature on the cover of the ‘Almanack’. ..

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HDFC Bank's blood donation drive sets Guinness World Record

April 22, 2014

HDFC Bank, the second largest private bank of India, has created a new Guinness World Record by its annual blood donation drive it organised in December 2013. This has been recognised as the largest blood donation drive in a single ..

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World Bank to double its lending to developing nations

April 22, 2014

As part of its efforts to end extreme poverty by 2030, the World Bank Group declared that it will almost double yearly lending capacity to emerging nations like Brazil, China, India, etc. from USD 15 billion to USD 28 billion. In ..

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Cadbury renamed as "Mondelez India Foods Limited."

April 22, 2014

The multinational confectionery company, Cadbury India Ltd, a subsidiary of Mondelez International Inc, has changed its name to Mondelez India Foods Limited. This is in line with the gradual changeover of the name of all subsidiaries of the Nasdaq-listed $35-billion firm globally. ..

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Air India seeks bridge loan of $500 million

April 20, 2014

Air India is in quest of a ‘Bridge Loan’ of up to $500 Mn to take delivery of 4 Boeing 787 Dreamliner aircrafts between May and November 2014 from an on-going order. For this, Air India has invited offers from ..

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RBI liberalizes hedging limit for investors up to $250,000

April 20, 2014

RBI has liberalized hedging limit for domestic investors to $250,000 from $100,000 on the basis of a simple declaration without any prerequisite of further documentation. RBI has now allowed all resident individuals, firms and companies, who have actual or anticipated foreign ..

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