Banks may get time to meet Basel II norms India's central bank, the Reserve Bank of India (RBI) is planning to extend the deadline for meeting the Basel II norms, a move that will be welcomed by commercial banks. 13 Apr 2006
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Wal-Mart defends proposed bank plan Virginia, USA - An executive of Wal-Mart Stores Inc. on Monday defended to federal regulators the company's proposed expansion of its empire into banking as a parade of objectors prepared to make the case against the move. 12 Apr 2006
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Liquidity not a concern, says FinMin India's Finance Minister, P. Chidambaram, has announced that availability of lendable money is not a cause of concern though "liquidity has to be maintained so that interest rates remain attractive to investors." 12 Apr 2006
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Govt. grants pension hike, SBI strike off New Delhi - The weeklong strike by the 200,000-strong staff and employees of India's largest commercial bank, the State Bank of India (SBI), was called off on Sunday night following a settlement that promised higher persion to them. 11 Apr 2006
Softbank to buy Vodafone mobile unit in Japan Tokyo, Japan - British mobile phone company Vodafone has agreed to sell its struggling Japan unit to Internet services company Softbank, Kyodo news agency has reported, in a move that is likely to intensify competition in one of the world's most advanced cell phone markets. 10 Apr 2006
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Bank strike affects millions in India New Delhi - Striking employees of India's largest commercial bank, the State Bank of India (SBI) has rejected a government appeal Friday to call off their walkout as tens of millions of people were left without access to cash. 08 Apr 2006
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SBI chief's plea rejected, staff to continue strike Mumbai - With the strike called by the 200,000-strong employees and staff of India's largest public sector bank, the State Bank of India (SBI), entering its 5th day, the SBI chairman, A K Purwar, has made a fresh appeal to the striking employees to return to work, saying the government was "closely examining" their demands and could make a "review" shortly. However, the plea was rejected by the staff. 08 Apr 2006
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Biocon wins bid for acquiring Nobex's assets Bangalore - Biocon Limited, India's leading biotechnology company has announced that it had put up the winning bid for acquiring all the assets of Nobex Corporation, a drug development company specializing in a proprietary drug delivery system to enable oral delivery of peptide drugs. 07 Apr 2006
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SBI workers stage indefinite strike New Delhi - Over 200,000 workers and officers in 9022 branches of India's largest public sector bank, the State Bank of India (SBI), across the country began an indefinite strike from Monday to press for a revision of their rate of pension. 04 Apr 2006
