India Business

ICICI Bank Enters Pact With MITCON

ICICI BankChennai: For offering up one-stop answer to business firms for Clean Development Mechanism (CDM) projects and Carbon Credit business, ICICI Bank has signed up a Memorandum of Understanding (MoU) with MITCON Consultancy Services Limited.

According to the company release the novel deal would assist several SME units, who would be capable of availing a full services package through direction from consistent partners with confirmed knowledge in the Carbon Credit business with the backing of ICICI Bank.

Rupee Ends Steady Against Dollar

CurrencyOn Dollar demand by Indian oil importers, the Indian Rupee closed flat against US currency.

The Indian unit that climbed up to 40.53 in the morning session gave up its advances on intense Dollar demand by Indian oil importers. Furthermore, foreign monetary funds also ramped up Dollar positions today further assisting the US currency in opposition to Rupee.

Rupee Energizes On Equity Inflow Anticipations

Mumbai: Rupee climbed as Asian stock markets stabilized, regenerating anticipations for foreign capital inflows into local shares.

The partly convertible rupee came up as against its weakest close in over a month on Friday. In late July, it hit a nine-year peak of 40.20.

In the last two sessions, foreigners have purchased $142 million of shares after selling over $600 million so far this month.

Pricey Food Items Push Inflation To 4.45%

Food ProductsNew Delhi: For the week ended July 28, inflation based on the wholesale price ind

Centurion Bank reduces Depository Interest Rates

Centurion Bank of PunjabMumbai: Indian private sector lender Centurion Bank of Pu

Bank Credit Climb Up 23.2% As On Jul 27

The credit paid out by scheduled commercial banks climbed up 23.2% to Rs 3,608.88 billion on yearly basis as on Jul. 27, 2007, which is under the growth of aggregate deposits of 25.7%.

Pages