SBI sets target
New Delhi, Aug. 16: The State Bank of India (SBI), which posted a decline in profit for two successive quarters, hopes to increase its bottomline to Rs 2,500 crore in the second quarter with the lowering of provisioning for bad loans, said SBI chairman Pratip Chaudhuri.
Singapore, Aug. 16: The Singapore government today tightened employment norms for foreigners, a move which will impact Indians among others, especially lower and middle level professionals. The move follows increasing complaints by citizens of Singapore about losing jobs to foreigners, particularly at lower salary scales.
New Delhi, Aug. 16: The Financial Stability and Development Council (FSDC) sub-committee today discussed with finance ministry officials the recent global developments and the possible risk posed by them on the Indian economy.
Oil India pact
New Delhi, Aug. 16: Oil India Ltd (OIL) has signed an MoU with refiner Hindustan Petroleum Corp Ltd to jointly pursue business in areas of mutual interest.
Calcutta, Aug. 16: The Bengal government is looking to hold zonal conferences across the state in a bid to increase industrial clusters across different districts, said MSME minister Manas Bhunia.