Investments stock market

Union Bank of India, a commercial bank, is interested in acquiring Andhra Bank, a provider of banking and financial services. Both the entities are based in India. Based on the closing price of Andhra Bank common stock of INR113.45 ($2.46) per share on November 19, 2009, the bank is estimated to be worth INR 55,023.25 million ($1,191.3 million). Reportedly, Punjab National Bank is also interested in acquiring Andhra Bank. Earlier on November 18, 2009, The Ministry of Finance held preliminary talks for consolidation among public sector banks in India. Click For Union Bank of India Products. 1. Union Bank of India Home Loan 2. ... Read Full Story

Private sector, HDFC Standard Life Insurance, on Monday said it planned to infuse Rs 350 crore in the current fiscal to maintain the current industry growth rate of 10 to 15 per cent in premium collection. "While Rs 50 crore has already been infused, Rs 300 crore will be raised in the next few months'', HDFC Standard Life Principal Officer and Executive Director, Mr Paresh Shreesh Parasnis, Read Full Story

Results that was declared during October 30th 2009 and November 1st 2009. > Eicher Motors has announced its QTR ending September 2009 -2010. The company’s consolidated net sales were at Rs 856 crore compared to Rs 491 crore. Its consolidated net profit was at Rs 27.4 crore compared to Rs 42.9 crore. > Gujarat Heavy Chemicals (GHCL) has announced its QTR ending September 2009 -2010. The company’s net profit was at Rs 20 crore compared to Rs 26.1 crore. Its net sales were at Rs 290 crore compared to Rs 336 crore. > Hindalco has announced its QTR ending September 2009 -2010. The company’s ... Read Full Story

The market for home loan is buzzing again. Both the leading players State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) have seen a significant improvement in their loan approvals during the first half of this financial year 2009-10. While for SBI, approvals of home loans has reportedly increased by 25% to Rs 11,000 crore for the first half of the financial year, 2009-10 compared to the corresponding period last year, for HDFC, approvals have gone up 18% at Rs 28, 418 crore compared to Rs 24,180 crore during the corresponding period last year. SBI is slated to announce its results today. ... Read Full Story

The market for home loans is buzzing again. Both the leading players State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) have seen a significant improvement in their loan approvals during the first half of this financial year 2009-10. While for SBI, approvals of home loans has reportedly increased by 25% to Rs 11,000 crore for the first half of the financial year, 2009-10 compared to the corresponding period last year, for HDFC home loan , approvals have gone up 18% at Rs 28, 418 crore compared to Rs 24,180 crore during the corresponding period last year. SBI is slated to announce ... Read Full Story