Archive for September, 2007

Monthly Archive
« Previous Entries
Sunday, September 30th, 2007

News - Reliance unit loses Anil Ambani

Anil Ambani, the younger of the two brothers in charge of India’s largest private company, has resigned from running its petrochemicals subsidiary.

The move is likely to be seen as the latest twist in a feud between Mr Ambani and his brother Mukesh.

Anil, 45, has stepped down as director and vice-chairman of Indian Petrochemicals Corporation (IPC). […]

No Comments » - Posted in Finance insurance by
Saturday, September 29th, 2007

News - Infosys gains on ‘Capgemini bid’

Shares in Paris-based consultancy Capgemini and Indian software firm Infosys Technologies have jumped on reports of a possible merger.

Infosys declined to comment on “market speculation” that it planned to bid for the European group, bolstering its position in the technology market.

But investors chased the Bangalore firm’s shares up 2.5% in India. Shares in Capgemini rose […]

No Comments » - Posted in Finance insurance by
Friday, September 28th, 2007

News - Banking giant to create 375 jobs

The world’s largest finance company, Citigroup, has confirmed that it is to create 375 jobs in Belfast over the next five years.

The US-owned company is establishing a “technology centre of excellence”.

The development is being backed by Invest NI which is contributing more than 7m towards the investment.

Invest NI said the project […]

No Comments » - Posted in Finance insurance by
Thursday, September 27th, 2007

News - New financial courses for schools

Schools will be able to teach personal finance to 14-16 year olds from September this year.

The Institute of Financial Services has launched two new qualifications for them - a foundation certificate and an intermediate certificate.

The Institute will supply the curriculum, teaching materials, and exams for schools to offer their pupils alongside GCSE topics.

The courses will […]

No Comments » - Posted in Finance insurance by
Wednesday, September 26th, 2007

News - Buffett firm helps with SEC probe

US financial regulators have requested information from Warren Buffett’s Berkshire Hathaway group as part of a probe into certain insurance products.

The Securities and Exchange Commission has asked the billionaire businessman’s firm to provide documents relating to the sale of “non-traditional” products.

The watchdog is examining allegations that these products have been misused to manipulate corporate earnings.

Berkshire, […]

No Comments » - Posted in Finance insurance by
Tuesday, September 25th, 2007

News - Banks ‘must tackle online fraud’

Banks must do more to promote security among their online customers, the UK’s finance watchdog has said.

The Financial Services Authority (FSA) made the call as it revealed half of internet users are either extremely or very concerned about the risk of fraud.

To ease safety fears banks should make more effort to educate web users about […]

No Comments » - Posted in Finance insurance by
Monday, September 24th, 2007

News - Consumer alert over extra pension

Six million people are to get a letter from their pension provider advising them to review their move to contract out of the State Second Pension (S2P).

People will be told to reassess if they would be better off paying into the S2P rather than their private pension.

The pensions industry said the letter was part of […]

No Comments » - Posted in Finance insurance by
Sunday, September 23rd, 2007

Sport - Ranson withdraws Man City offer

Ray Ranson has withdrawn his bid to buy Manchester City.

The 46-year-old former City player made a revised proposal to the club’s board with a view to a takeover bid in April.

But a statement to the Stock Exchange said: “Ray has been unable to reach agreement with the board and withdraws from talks relating to a […]

No Comments » - Posted in Finance insurance by
Saturday, September 22nd, 2007

News - Banks ‘must tackle online fraud’

Banks must do more to promote security among their online customers, the UK’s finance watchdog has said.

The Financial Services Authority (FSA) made the call as it revealed half of internet users are either extremely or very concerned about the risk of fraud.

To ease safety fears banks should make more effort to educate web users about […]

No Comments » - Posted in Finance insurance by
Friday, September 21st, 2007

News - Star show for India’s ‘mega-wedding’

The week-long mega-wedding of the two sons of Sahara business group chief Subrata Roy will begin in the northern Indian city of Lucknow on Tuesday.

Indian Prime Minister Atal Behari Vajpayee, Bollywood stars Amitabh Bachchan, Shah Rukh Khan and Aishwarya Rai and cricketers Saurav Ganguly and Sachin Tendulkar are among the 10,500 guests who have been […]

No Comments » - Posted in Finance insurance by
« Previous Entries