Why am I saying this. Normal savings accounts with any private banks give you an interest of 4 to maximum of 6% on your amount. But with SBI savings plus you get an interest of excess of 9%. Plus, the most important thing, you can deposit and withdraw anytime. It is the best auto...
Demand from emerging markets and financial flows will keep crude prices high and volatile at around $105-125 per barrel in 2012, Petrobras Chief Executive Jose Sergio Gabrielli said on Saturday. At the current crude price petrol in India is costing around Rs 75 per liter. So with the expected price rise in the year,...
Pfizer Ltd. (500680.BY), the Indian unit of drug maker Pfizer Inc. (PFE), Saturday reported a modest 2.7% sequential rise in third-quarter net profit as the company managed to cut costs faster than the drop in sales. Pfizer Ltd, the Indian unit of world’s top drugmaker Pfizer Inc, on Saturday reported a net profit of 482.8 million rupees...
Ford reported its best annual earnings since 1998 on Friday, making 2011 the second most profitable year in the company’s 109-year history. But much of the profit was attributed to a non-cash gain, as it put a large tax credit from past losses on its balance sheet that will shield it from taxes in...
Ranbaxy Laboratories Ltd., India’s biggest drugmaker, may forego at least $200 million in sales as a result of a proposed settlement with U.S. authorities over manufacturing violations, a Kotak Securities Ltd. analyst said. A consent decree, signed between Ranbaxy and the (FDA) last month and filed in a US court on Wednesday, extends the ban...
Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost its production of chips and flat screens to further pull ahead of smaller rivals. Net income was 4 trillion won ($3.6 billion), compared with 3.42 trillion won a year...
Indian stocks climbed to a ten-week high amid speculation the central bank will add to yesterday’s reserve-requirement cut to stimulate economic growth. Coal India Ltd. (COAL), the world’s biggest producer of the fuel, jumped 3.9 percent, the most in two weeks. Tata Motors Ltd. (TTMT), the owner of Jaguar Land Rover, reached an eight-month high. Reliance...
Citigroup, HSBC, Bank of America Merrill Lynch and Barclays are slashing jobs in their Indian operations at the fastest pace since the 2008 credit crisis amid dwindling deal flows and parent companies’ shrinking balance sheets to boost capital. The job cuts implemented in the past 12 months and those in the process of execution bring...
Citigroup Inc (C.N) was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 and 2007. Citigroup is accused of defrauding Loreley into purchasing “fraudulent investments that are now worthless,” Loreley said in a complaint filed Tuesday in New York State Supreme Court in Manhattan. “Citigroup...
People are losing jobs every day. Their salaries are getting cut. Appraisals and salary hikes have become things of future. Tough times call for tough measures. Here are a few tips that would help you save more money and become financially confident. 1) Kill your loan first - Simply calculating how much you spend each month on...