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Ministry of Finance (India)

ICICI stocks bounce back, steepest intra-day rise

New Delhi: The CEO of India’s largest private sector bank, ICICI categorically told investors that it was not about to shut shop, and was actually positioned very strongly. Investors have been running scared of their futures...

Emerging nations did not cause crisis but will suffer consequences: India!

India has demanded concerted global effort to deal with the great financial turmoil across the world and a greater say for the developing and emerging economies in international financial institutions.

Why the panic? - I

If the Indian economy is as insulated from the global crisis as Finance Minister P Chidambaram says it is, why is there so much panic in the markets? If Indian investments are on track, then why are banks hesitating to lend — a...

EU countries commit $1.5 tn to bank bailouts

The deal helps trigger a rally in stocks and the euro after a market rout. France, Germany, Spain and Austria committed ¤1.1 trillion ($1.5 trillion) to guarantee bank loans and take stakes in lenders, racing to prevent the...

Sensex sees biggest jump in four years

Mumbai: The BSE Sensex rose 7.42 per cent on Monday, snapping a five-day losing run with their biggest rise in more than four years, as the government reassured investors it was working to shield India from the global...

We'll take rumours head-on: Kamath

Brimming with confidence that the “worst is behind” it, ICICI Bank on Monday said it would not let its guard down and vowed to take any rumour-monger head on through legal options at its disposal. “The worst is behind us, but...

More cuts in RBI mandatory norms under study

NEW DELHI: The official panel headed by Finance Secretary Arun Ramanathan, which was set up to look into the liquidity requirements, on Monday held its first meeting and considered options for increased flow of credit in the...

Financial crisis may hit FDI inflows: Nath!

Downplaying the impact of the global meltdown, Commerce and Industry Minister Kamal Nath on Monday exuded confidence that exports would continue to grow by 30 percent even this month, though the financial crisis may slow down...

FM must coin policies, not assure: financial experts

New Delhi: Finance Minister P Chidambaram has been assuring that India is fortified against the freefall that markets worldwide are suffering. However, many feel that more than assurance, the government should come out with...

British bailout: banks asked to freeze executive bonuses

Europe, Tue, 14 Oct 2008 IANS London, Oct 13 (IANS) The British government Monday poured a massive 37 billion pounds ($65 billion) into three of the country's biggest banks and wrested guarantees of a freeze on executive...

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