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Rs 500, Rs 1,000 notes banned: With banks flush with cheap deposits, rate cut on the cards
Business

Rs 500, Rs 1,000 notes banned: With banks flush with cheap deposits, rate cut on the cards

Following the government's move to weed out the obsolete currency notes, the 10-year bechmark yield gyrated last week to settled at 6.72 percent on Friday

SBI shamed for funding US cluster bomb maker, but bank defends decision
Business

SBI shamed for funding US cluster bomb maker, but bank defends decision

A report by PAX last week listed the government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays, Bank of America and Credit Suisse

Oil prices dip ahead of British EU vote, US stockpiles
Business

Oil prices dip ahead of British EU vote, US stockpiles

"In the event that the UK votes to leave the EU, we expect global economic growth to stagnate, and that factor would have the most influential impact on oil prices over the next 4-6 quarters," British bank Barclays said in a note

China online unit of Wal-Mart to be sold to JD.com for a 5 percent stake
News & Analysis

China online unit of Wal-Mart to be sold to JD.com for a 5 percent stake

Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers.

Barclays launches Rise Mumbai, the innovation platform for fintech startups
Startup

Barclays launches Rise Mumbai, the innovation platform for fintech startups

Rise, the fintech innovation platform created by Barclays was launched in Mumbai today. This is Barclays' sixth site globally, following London, Manchester, New York, Cape Town and Tel Aviv hubs.

Round-up: Here's how business community perceives the BJP's Bihar drubbing
Business

Round-up: Here's how business community perceives the BJP's Bihar drubbing

Some foreign brokerages has opined that the loss in Bihar state elections could be a “stumbling block” to the central government’s reform agenda

Sebi seeks fresh clarifications on IndiGo's Rs 2,500 cr IPO
Business

Sebi seeks fresh clarifications on IndiGo's Rs 2,500 cr IPO

Sebi had earlier this month also sought clarification from InterGlobe Aviation, which runs the country's biggest airline by market share under IndiGo brand.

After firing CEO, Barclays plans to cut 30000 middle, backoffice jobs in two years
Business

After firing CEO, Barclays plans to cut 30000 middle, backoffice jobs in two years

A potential candidate, who would replace Jenkins, is expected to axe jobs much faster and more deeply than the ousted boss

Greek finance minister quits to smooth talks after 'No' vote
World

Greek finance minister quits to smooth talks after 'No' vote

In a parting blog post celebrating the Greek 'Oxi' ('No') vote, Varoufakis said Greeks had taught Europe a lesson in democracy and should now demand better financial rescue terms.

IndiGo to file prospectus for $400 mn float next week: sources
Business

IndiGo to file prospectus for $400 mn float next week: sources

IndiGo has picked Citigroup, Kotak Investment Banking, Morgan Stanley and JP Morgan Chase as lead managers for the listing, as well as UBS and Barclays, two of the sources said.

Premier League: Anfield all set for an emotional farewell to Steven Gerrard
Sports

Premier League: Anfield all set for an emotional farewell to Steven Gerrard

An emotional Anfield will witness the end of an era on Saturday when Liverpool captain Steven Gerrard makes his final home appearance

Sepectrum auction: Bids for 2G and 3G airwaves cross Rs 1 lakh cr mark
Business

Sepectrum auction: Bids for 2G and 3G airwaves cross Rs 1 lakh cr mark

Government's proceeds from the spectrum auction on Friday crossed Rs 1 lakh crore mark as aggressive bidding took place across all bands on the eighth day of the biggest sale of 2G and 3G airwaves.

RBI may cut rates by another 50 bps in H1 2015, say experts
Business

RBI may cut rates by another 50 bps in H1 2015, say experts

Slowdown in inflation has given room for RBI cut policy rates by 50 basis points in the first half of this year, experts believe.

HDFC Bank raises Rs 9,880 cr via QIP, ADR issue
Business

HDFC Bank raises Rs 9,880 cr via QIP, ADR issue

HDFC Bank today raised Rs 9,880 crore in the largest share sale in the secondary market by a private entity to overseas and domestic investors

RIL, TCS, Airtel among Barclays' top 133 global stock picks
Corporate

RIL, TCS, Airtel among Barclays' top 133 global stock picks

Reliance Industries, TCS and Bharti Airtel are among the six Indian firms that figure in Barclays' top 133 stock picks from across the world for 2015.

Govt may consider auctioning 8 coal blocks with 1,773 MT reserves
Economy

Govt may consider auctioning 8 coal blocks with 1,773 MT reserves

The development comes at a time when Supreme Court had held that all coal blocks since 1993 have been allocated illegally and arbitrarily, bringing uncertainty to the fate of 218 block allocations.<br />

SC decision on coal blocks likely to create overhang: Barclays
Economy

SC decision on coal blocks likely to create overhang: Barclays

The apex court, which examined allocation of 218 blocks, said that "Common good and public interest have, thus, suffered heavily, as there was no fair and transparent procedure, all resulting in unfair distribution of national wealth".

WPI to average 5.4%, CPI to average 7-7.5% in FY15: Barclays
Economy

WPI to average 5.4%, CPI to average 7-7.5% in FY15: Barclays

According to the global financial services major, though the IMD has recently downgraded its monsoon forecast, but the uncertainties around rainfall still remains.<br />

Indian-origin woman banker arrested in UK anti-terror raid
World

Indian-origin woman banker arrested in UK anti-terror raid

Kuntal Patel, who works at Barclays Bank in Canary Wharf, has reportedly been under arrest since Sunday after her home in east London was raided by the Metropolitan Police's Counter Terrorism Command.