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Many foreign investors and private equity funds putting money in Indian firms will soon realize that pulling out of the country can be a lot tougher than they imagined. For years, offshore financial and strategic investors have struck deals with their Indian partners to put in place an easy exit arrangement. It gave the abroad […]

The Credit Information Bureau (India) Ltd., popularly known as CIBIL has acceded to the long-pending demand of general public to have direct access to their personal credit score, which hitherto was the domain of only lending institutions. CIBIL is a storage house of credit information of individuals and commercial establishments. It collects credit information of […]

Recovery in the global markets helped Indian investors pick up part of their losses, as the Sensex ended at 18,266.10 points on Friday, a mere 60 points, or 0.33%, down from the week before. Debt markets: With inflation continuing to be higher than estimated, all eyes are now on the central bank, which is likely […]

State Bank of India (SBI) today said it will submit the revised proposal to the government for Rs 20,000 crore rights issue next month. The bank will file the revised proposal next month, SBI Chairman Pratip Chaudhuri said on the sidelines of an event. The public sector lender is hopeful of a rights issues this […]

State-run Life Insurance Corporation of India (LIC) will seek licence from the Singapore government to set up a subsidiary to sell policies. In 2009, LIC had sought the approval from the Singapore government to set up office which was turned down as the insurer did not have a rating in place. The corporation has got […]