Business news from India

CFTC opens probe into JPMorgan trading loss - source

Sat, 19 May 2012 04:50:53 GMT

(Reuters) - The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with the probe told Reuters.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=M5MVfQRuxqs:tdH_ArzwFsk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=M5MVfQRuxqs:tdH_ArzwFsk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=M5MVfQRuxqs:tdH_ArzwFsk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=M5MVfQRuxqs:tdH_ArzwFsk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=M5MVfQRuxqs:tdH_ArzwFsk:V_sGLiPBpWU" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/reuters/INbusinessNews/~4/M5MVfQRuxqs" height="1" width="1"/>

Obama presses ailing Europe to focus on growth

Sat, 19 May 2012 04:40:06 GMT

CAMP DAVID, Maryland (Reuters) - A growing chorus of world leaders on Friday pushed for a shift toward more pro-growth policies to help ease a European crisis that threatens to oust Greece from the euro zone and reverberate throughout the global economy.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=rsoJnetWysE:RKOXm61ndIo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=rsoJnetWysE:RKOXm61ndIo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=rsoJnetWysE:RKOXm61ndIo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=rsoJnetWysE:RKOXm61ndIo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=rsoJnetWysE:RKOXm61ndIo:V_sGLiPBpWU" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/reuters/INbusinessNews/~4/rsoJnetWysE" height="1" width="1"/>

Historic Facebook debut falls flat

Sat, 19 May 2012 00:55:07 GMT

SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=_TcLnz8_2JI:ejVAqrg0w_s:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=_TcLnz8_2JI:ejVAqrg0w_s:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=_TcLnz8_2JI:ejVAqrg0w_s:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=_TcLnz8_2JI:ejVAqrg0w_s:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=_TcLnz8_2JI:ejVAqrg0w_s:V_sGLiPBpWU" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/reuters/INbusinessNews/~4/_TcLnz8_2JI" height="1" width="1"/>

JPMorgan to be haunted by change in risk model

Fri, 18 May 2012 23:59:36 GMT

REUTERS - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=M6fotyKdzsU:fmH06HRSf3c:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=M6fotyKdzsU:fmH06HRSf3c:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=M6fotyKdzsU:fmH06HRSf3c:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.reuters.com/~ff/reuters/INbusinessNews?a=M6fotyKdzsU:fmH06HRSf3c:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/INbusinessNews?i=M6fotyKdzsU:fmH06HRSf3c:V_sGLiPBpWU" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/reuters/INbusinessNews/~4/M6fotyKdzsU" height="1" width="1"/>

New initiatives under COFFI - Film Finance

Fri, 18 May 2012 21:17:51 GMT

Banknet Group and Six Sigma Films announces new initiatives under COFFI - Film Finance

National Policy on Microfinance

Fri, 18 May 2012 21:17:51 GMT

Govt is formulating Micro Finance Institutions Bill 2012,

Measures to ease foreign currency flows

Fri, 18 May 2012 21:17:51 GMT

RBI takes measures to ease foreign currency flows

Harvard, MIT to offer free online courses

Fri, 18 May 2012 21:17:51 GMT

Harvard, MIT to jointly offer free online courses

Banks to levy uniform fee for cheque collection

Fri, 18 May 2012 21:17:51 GMT

RBI instructs banks to levy uniform fee for collection of high value cheques

Rupee volatility a concern for IT-BPO industry: Nasscom

Fri, 18 May 2012 21:17:43 GMT

Forex reserves fall by $1.4 bn

Fri, 18 May 2012 21:17:43 GMT

Facebook lists on Nasdaq. Opens at $42.05/share

Fri, 18 May 2012 21:17:43 GMT

AI may take sacked pilots back, not IPG leaders

Fri, 18 May 2012 21:17:43 GMT

Aditya Birla Group buys stake in Living Media India

Fri, 18 May 2012 21:17:43 GMT

Tata Steel net drops 90%

Fri, 18 May 2012 21:17:42 GMT

Calcutta, May 18: The worsening economic crisis in Europe has affected the Tata Steel group, the seventh largest steel maker in the world, which recorded a nearly 90 per cent drop in its consolidated net profit.

Sweet surprise for stocks

Fri, 18 May 2012 21:17:42 GMT

Calcutta, May 18: An ecstatic Pratip Chaudhuri today said the bank's share should be quoted at Rs 2,500 after the "blockbuster result".

SBI delivers a scorcher

Fri, 18 May 2012 21:17:42 GMT

Calcutta, May 18: The State Bank of India (SBI), the country's largest lender, today reported a net profit of Rs 4,050 crore for the quarter ended March 2012, up from Rs 21 crore in the same period a year ago.

Rupee recovers on RBI promise

Fri, 18 May 2012 21:17:42 GMT

Mumbai/Calcutta, May 18: The rupee tumbled to another record low of 54.91 to the dollar early on Friday but recovered after RBI governor Subir Gokarn said the central bank would take measures to prop up the floundering currency.

Bengal gets stay on HPL arbitration

Fri, 18 May 2012 21:17:42 GMT

Calcutta, May 18: The Bengal government scored a small victory today when a division bench of Calcutta High Court stayed an arbitration proceeding initiated by The Chatterjee Group, the private promoter of Haldia Petrochemicals Ltd (HPL).

AI may take back sacked pilots, but not IPG leaders

Fri, 18 May 2012 15:30:27 GMT

<img src="http://www.moneycontrol.com/news_image_files/2012/a/air_india_strike.jpg" alt="AI may take back sacked pilots, but not IPG leaders " title="AI may take back sacked pilots, but not IPG leaders " border="0" width="75" height="75" align=" left" hspace="5"/> Adopting a 'carrot and stick' approach towards the 11-day Air India pilots' stir, government on Friday indicated it could take back all those sacked, barring the Indian Pilots Guild (IPG) office-bearers