Business News

US to pump $250 bln into banks, Bernanke reassures Posted: 14 Oct 2008 02:37 AM CDT By Mike Peacock and Elaine Lies

NDTV Convergence partners with iXiGO.com for travel search Posted: 14 Oct 2008 02:35 AM CDT New Delhi, Oct 14 (ANI/Business Wire India): iXiGO (www.ixigo.com), India's fastest growing online travel search engine has announced its partnership with NDTV Convergence for powering airfare searches on NDTV.com (www.ndtvtravels.com).

IBA, MFs to mutually fix lending rate to meet redemption Posted: 14 Oct 2008 02:33 AM CDT New Delhi, Oct 14 (PTI) The apex banking body IBA will fix the lending rate in consultation with the mutual fund industry to help fund houses meet the redemption pressure, Finance Minister P

Corporate raid on ICICI Bank just not possible: Montek Posted: 14 Oct 2008 02:33 AM CDT New Delhi, Oct 14 (PTI) Ruling out the possibility of a corporate raid on ICICI Bank through hammering down of its share price, Planning Commission Deputy Chairman Montek Singh Ahluwalia today

BSE Sensex surges as credit strains ease Posted: 14 Oct 2008 02:31 AM CDT BANGALORE (Reuters) The BSE Sensex briefly gained nearly 5 percent on Tuesday, in line with a sharp rally in overseas markets after policy makers across the world unveiled measures to shore up the ailing global financial sector.

Bank of India raises 5 bln rupees via bonds - source Posted: 14 Oct 2008 02:19 AM CDT MUMBAI (Reuters) - Bank of India has raised 5 billion rupees through a private placement of bonds with state-run insurer, Life Insurance Corp of India, a bank official said on Tuesday.

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