Tata Motors appoints SBI as lead manager to raise $3 billion acquisition corpus Tata Group's automobile arm, Tata Motors has appointed India's No.1 bank, State Bank of India (SBI) as the sole lead manager to raise $3 billion, a part of which will be used to fund the acquisition of Ford Motor Co.'s British luxury brands, Jaguar and Land Rover. 18 Mar 2008
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JPMorgan to buy Bear, Fed opens lending to Wall St JPMorgan Chase & Co bought stricken rival Bear Stearns for a rock-bottom price while the U.S. Federal Reserve set an emergency interest rate cut and opened direct lending to Wall Street. 17 Mar 2008
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Bharti Airtel ties up with banks to launch m-commerce solutions Bharti Airtel, India's No.1 mobile services provider, in partnership with top Indian banks, has launched mobile payment solution services (m-commerce) that allow Airtel subscribers with a credit or debit card to book movie, air or rail tickets, transfer money, pay bills and recharge their phones using their mobile phones. 10 Mar 2008
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Banking sector will not be hit by $15 billion loan waiver: FinMin Union Finance Minister P. Chidambaram is trying to soothe the frayed nerves of the banking sector by assuring that the $15 billion loan waiver package for poor and marginal farmers, announced as a budgetary policy on Feb.29, would not hurt the banking system but rather strengthen it. 09 Mar 2008
IDFC to acquire StanChart's Indian asset management arm for $205 million UK-based Standard Chartered Plc announced, Friday, it has sold its Indian asset management business to one of India's oldest lending institutions, Infrastructure Development Finance Co. (IDFC), in an all-cash $205 million deal (before deductions for local taxes and deal expenses). 08 Mar 2008
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ICICI now in the 'Big Apple' ICICI Bank, India's largest private sector bank, has commenced its operations in the US market by inaugurating its first ever branch in no other city than the 'Big Apple' - New York. 05 Mar 2008
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India notches historic win in tri-series cricket tournament in Australia The Men in Blue scripted a fairy tale ending to the Commonwealth Bank (CB) tri-series tournament in Australia, by notching a historic win in the second final, Tuesday, in Brisbane - beating the world champion host team by 9 runs. 05 Mar 2008
Reliance Communications, HDFC Bank join hands to launch virtual credit card Anil Dhirubhai Ambani Group's (ADAG) flagship company Reliance Communications and India's second largest private sector bank, HDFC Bank, have joined hands to offer to India's first virtual credit card - Reliance mPay credit card - to Reliance mobile users across India. 21 Feb 2008
