Petrol price cut by 75 paise a litre; diesel hike put off

Tuesday, April 1st, 2014
Petrol price cut

Mangalore : The price of petrol was today cut by 75 paise per litre, the first reduction in five months, while the already unpopular monthly hike in diesel rates was put off during the election season. The reduction, effective midnight tonight, excludes local sales tax or VAT and the actual cut will be higher, varying […]

Rupee at Rs 59.90 against US dollar for the first time in 8 months

Friday, March 28th, 2014

Mumbai : Continuing its rising streak, the rupee today strengthened to below 60 level at 59.90 for the first time since July 2013 against the US dollar in late afternoon trade on sustained foreign fund flows. Dealers said sustained selling of the American currency by banks and exporters and ongoing bull-run on the domestic equity […]

Corporation Bank Opens SME Loan Centre in Chennai

Tuesday, February 4th, 2014
SME Loan Centre

Chennai : Corporation Bank, a premier Public Sector Bank opened its exclusive SME Loan Centre at Chennai, on 3rd February 2014. Shri S R Bansal, Chairman & Managing Director of the Bank inaugurated the SME Loan Centre. Shri R Natarajan Circle General Manager, Shri. P V Chandrasekaran, Deputy General Manager & Zonal Head, Chennai, other […]

RBI raises policy rate by 0.25 pc to anchor retail inflation

Tuesday, January 28th, 2014

New Delhi : Reserve Bank Governor Raghuram Rajan on Tuesday again surprised the markets and raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for corporates. “…an increase in the […]

Karl Slym, Tata Motors MD, dead

Monday, January 27th, 2014

New Delhi :  Karl Slym, Managing Director of Tata Motors, died in Thailand on Sunday. He was 51. According to sources, Slym accidentally fell off a hotel balcony in Bangkok where he was attending a meeting of the board of directors of Tata Motors Thailand. There is no official confirmation about the cause of death. […]

Ideal Ice Cream (IIC) remains Ideal with 5 winning products in 2013 contests at Gurgaon near Delhi

Wednesday, December 11th, 2013
Ideal Ice Cream

Mangalore: We are please to inform the Mangalore public and all fellowmen that Ideal ice creams manufacturers on innumerous Ice Cream product in our city as, announced by Mukund Kamath, MD of the well-known ice cream selling Company in city at a Press Conference on Tuesday December 10 here. Mukund told Press persons that his […]

60th All India Cooperative week Celebrated in Kulshekar with new products

Saturday, November 16th, 2013

Mangalore : Inaugurating the deliberations of the 60th All India Cooperative week, and Speaking on the occasion D.K minister B Ramanatha Rai recalled that he came up in life even as a minister, through the co-operative spear and he owes all his success to the co operative societies in the D.K. district. He was addressing people […]

IOB launch’s the first fortnight of 100 Days Mission

Saturday, August 10th, 2013
Indian Overseas Bank

Bangalore : Indian Overseas Bank, Bangalore Region disbursed 140 loans amounting to Rs 25 Crores during the first fortnight of launch of 100 Days Mission. To commemorate this event, Bank has today conducted a function to handover sanction letters of loans disbursal to the customers at the hands of Dr M Narendra, Chairman and Managing […]

Karnataka Bank Q1 net up 13% on other income, NPAs rise

Wednesday, July 31st, 2013
Karnataka Bank

Mangalore : Private sector lender Karnataka Bank  ‘s first quarter net profit grew by 13 percent year-on-year to Rs 94.2 crore on higher other income, but bad loans increased further during the quarter that sent shares 13.6 percent lower intraday. Other income of the bank more than doubled to Rs 206 crore in April-June quarter […]

Petrol price up by 70 paise, diesel by 50 paise

Wednesday, July 31st, 2013
Petrol price

New Delhi : Petrol price was on Wednesday hiked by 70 paisa per litre, the fifth increase in rates in two months, and diesel by 50 paisa per litre on firming international oil prices. The increase in rates, which will be effective midnight tonight, are excluding local sales tax or VAT. The actual hike will […]

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