The acquisition of Bank of Rajasthan (BoR) by ICICI Bank may lead to a relook at the valuations of other small private sector banks.
On Thursday, the stock prices of private sector banks such as Karnataka Bank, South Indian Bank and Federal Bank were up 2-5 per cent.

Division in the Congress on the issue of execution of Afzal Guru is clearly perceptible with the party officials making distinction between Guru and Ajmal Amir Kasab.
The other day, AICC general Digvijay Singh demanded that the Parliament attack convict should be hanged at the earliest. “The Supreme Court has given him the death sentence for the kind of crime he has committed. It should be done (carried out) at the earliest,” Mr Singh told reporters.

Cement major Grasim has recorded a net profit of Rs 654 crore for the March quarter, up 15 per cent over the previous year. The numbers are not strictly comparable because Grasim had demerged its cement business to subsidiary Samruddhi Cement in October ’09.

Gujarat chief minister Narendra Modi made a turnaround in his position on how to tackle the Maoist insurgency on Thursday after senior Bharatiya Janata Party leaders expressed unhappiness over the “soft” line he had taken in the morning.

The Supreme Court on Thursday declined to grant urgent hearing to Jharkhand Vikas Morcha (JVM) leader Babu Lal Marandi on his petition alleging repeated misuse of Article 164(4) of the Constitution in appointing non-legislator chief minister in the state.

The CBI has asked the Comptroller and Auditor General (CAG) of India to form a special team to investigate the financial aspect of the investigations in connection with 2G spectrum auctions in which the Union telecom minister, Mr A. Raja is facing charges of corruption.

Reserve Bank governor D. Subbarao said on Thursday that “Islamic banking” was not possible within the country’s existing legal framework.

In a major setback to British Airways, the union representing airline’s cabin crew on Thursday won an appeal against an injunction that blocked a series of planned strikes.

The RBI governor, Dr D. Subbarao, said on Thursday that Islamic banking was not possible within the existing legal framework of the country.
While talking to mediapersons after the meeting of the RBI board here, Mr Subbarao said that Islamic banking did not involve payment of interest and was based on s

The Delhi government wants to delay a decision on Parliament attack convict Afzal Guru’s mercy petition till after the Commonwealth Games in October, not wishing to take any chances with security for