Banks general
Tata Communications announces first security compliance consortium for finanacial services
30 Oct 2008
EU urges China, Gulf States to fund IMF
29 Oct 2008
UK Prime Minister Gordon Brown, French President Nicolas Sarkozy have appealed to China and the oil rich Gulf states to contribute to the the IMF fund as its own resources may not not suffiice to aid countries hit by the global turmoil.
IMF and the World Bank set to increase loans
27 Oct 2008
IMF approves $2-billion loan for Iceland
25 Oct 2008
Iceland becomes the second European nation after the UK in 1976, to receice a $2-billion loan from the IMF to save the country from bankruptcy
Goldman Sachs to slash 10 per cent jobs, 3200 employees at risk
24 Oct 2008
Even the venerable Wall Street banker Goldman Sachs has been forcfed to cut jobs to cope with the economic slowdown wrought by the collpse of major banking institutions
Global leaders' summit in Washington on 15 November
23 Oct 2008
The threat of the financial crisis trigerring a deep and prolonged economic slowdown has prompted world leaders to meet in Washington next month
Dutch government pumps €10 billion into ING
20 Oct 2008
HSBC slashes 1,100 jobs
15 Oct 2008
Iceland headed for bankruptcy; PM seeks $5.44-billion Russian loan
08 Oct 2008
Iceland, a NATO memeber has turned down the IMF in favour of an emergency Russian loan, the size of which is almost a third of its GDP.
Financial crisis spreads across boundaries
07 Oct 2008
The global crisis deepened as it spread to other European countries as well on Tuesday.
RBI allays fears over ICICI Bank's finances
30 Sep 2008
RBI has backed ICICI Bank's claim saying that the country’s biggest private bank has sufficient liquidity to meet the needs of its depositors
Indian banks ask RBI to ease CRR, SLR curbs as liquidity tightens
30 Sep 2008
Indian banks have asked RBI to relax its CRR and SLR amidst an unprecedented liquidity crunch in the system.
CBI busts fake RBI cheques scam
24 Sep 2008
The CBI suspects the fraudulent withdrawal of Rs14.55 crore from the Railway’s account using fake RBI cheques, might just be the tip of a massive scam
HSBC dumps Korea Exchange Bank acquisition plan
20 Sep 2008
SBI hopes to recover most of its $5 billion Lehman exposure: O P Bhatt
20 Sep 2008
SBI expects to recover up to 70 per cent of its exposure in the fialed US investment bank, Lehman Brothers
RBI asks banks to unwind Lehman exposure
19 Sep 2008
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Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
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Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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