Kingfisher Airlines on Wednesday sought further cushion from banks to ease its debt burden, but denied it was seeking another debt restructuring.
State Bank of India, the country's biggest lender, expects its average funding cost for savings bank accounts to rise 100-125 basis points.
The BSE Sensex rose as much as 1.9 percent on Monday, with index heavyweight Reliance Industries and banking stocks leading the gains, as investors grew optimistic about renewed efforts by European leaders to limit the region's debt crisis.
The BSE Sensex fell more than 1.5 percent on Tuesday, dragged down by IT stocks after Tata Consultancy Services reported lower-than-expected quarterly earnings and said the outlook for pricing was tough.
The BSE Sensex pulled higher on Friday after a sluggish start as investors awaited monthly inflation, which would set the tone for the RBI's monetary stance.
State Bank Of India does not expect overseas borrowing costs to rise significantly but sees medium-term note borrowing costs rising 1-2 basis points, its chairman said on Wednesday, a day after Moody's cut its rating and sent its shares skidding.
Debt-strapped Kingfisher Airlines plans to exit its low-cost business in the next four months and focus on the premium model, Chairman Vijay Mallya said, breaking with rival carriers which are mostly betting on the budget space.
The BSE Sensex rose 0.73 percent on Tuesday, mirroring global market gains, after a takeover news lifted Wall Street overnight and as the Japanese economy shrank much less than expected.
Unearthing treasures has long been an obsession of archaeologists -- and one treasure hunt has led Indian officials to unearth treasures worth $23 billion from underground chambers in the centuries-old Sree Padmanabhaswamy temple in Kerala.
Government officials in India have unearthed treasure worth more than $23 billion from secret underground chambers in the centuries-old Sree Padmanabhaswamy temple located in Thiruvananthapuram, the capital city of the South Indian state of Kerala.
State Bank of India, the country's largest lender, is expected to launch the first tranche of its 100 billion rupees ($2.2 billion) retail bond issue on Monday, according to a term sheet obtained by Reuters and a source with direct knowledge of the matter.
The government has resolved a month-long payments dispute with Iran over oil shipments, a source at the oil ministry said on Thursday, by allowing a domestic bank to handle payments in euros with a Germany-based counterpart.
The BSE Sensex should open higher on Monday, with heavyweights Reliance Industries and State Bank of India in focus after their quarterly results.
The BSE Sensex was up 0.8 percent on Monday led by financial firms, but trading was choppy a day before the Reserve Bank's monetary policy and mixed Asian markets.
The new year will also herald a new six-digit password for all credit card holders in India known as One-Time Password (OTP).
The overseas arm of India's Oil and Natural Gas Corp is expected to set an 8.40 percent coupon on bonds it is selling to raise up to 24 billion rupees ($515 million), two sources with direct knowledge of the matter said on Tuesday.
ONGC Videsh, the overseas arm of India's Oil and Natural Gas Corp, plans to raise up to 24 billion rupees ($515 million) via bonds, two sources with direct knowledge of the matter said on Tuesday.
States Bank of India, the country's largest bank, plans to raise 200 billion rupees ($4.07 billion) in the current fiscal year, a top company official said Friday.
State Bank of India, the country's biggest bank, plans to raise at least 100 billion rupees ($2.5 billion) in a share sale before the end of the year, Chairman O.P. Bhatt said on Wednesday.
Japanese venture capital firm SBI Holdings Inc and Sumitomo Trust & Banking Co Ltd said they would launch an Internet bank this month, joining a crowded race to manage Japan's $13 trillion in household financial assets.
Indian Prime Minister Dr. Manmohan Singh's three-day visit to South Africa is expected to benefit India Inc. as the two nations will sign a number of bilateral agreements aimed to strengthen economic and commercial relationships.
