Dollar slips to 3-yr low, yen shrugs off Kuroda's reappointment

Feb 16 2018

Dollar slipped to a three-year low against a basket of currencies, headed for its biggest weekly loss in two years, as bearish factors offset support the US currency.

FTSE 100 dips as strong pound dampens dollar-earners

Feb 13 2018

Britain’s top share index came under pressure from a firmer pound following some stronger than expected inflation data, though a rise among mining groups stemmed losses.

Barclays in US set to join cryptocurrency credit card ban: Report

Feb 09 2018

Barclays is likely to follow other major lenders in the United States in stopping customers from buying Bitcoin and other cryptocurrencies with its credit cards.

UK banks secure cuts in cash machine network costs

Jan 31 2018

LINK said it will do “whatever it takes” to retain free access to cash for all communities.

India's Airtel sees little value in acquiring Nigeria's 9mobile

Jan 31 2018

India’s telecoms operator, Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from submitting a firm bid before the deadline.

LPC-Barclays aims to increase presence in middle market debt

Jan 30 2018

Barclays is increasing its focus on the middle market financial sponsored market, prompted by growing opportunities.

'Goldman, Barclays, SocGen interested in Commerzbank unit'

Jan 26 2018

Goldman Sachs Group, Barclays and Societe Generale SA are interested in buying the Equities, Markets and Commodities division of Germany’s Commerzbank AG .

IBM shares rise 2 percent after Barclays double upgrade

Jan 17 2018

Shares in International Business Machines rose nearly 2%, helped by a double-notch upgrade for the company from Barclays ahead of Q4 results.

US charges former Barclays forex trader with fraud

Jan 17 2018

The US Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank.

JPMorgan, Goldman Sachs come top of banker pay league in Britain

Jan 04 2018

JPMorgan and Goldman Sachs paid their top bankers in Britain an average of $1.5 million each in 2016, compared with $1 million for local rivals HSBC and Barclays.

Indian Markets


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US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52



Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share


To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%


RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports


SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports


Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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