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State Bank of India

While SBI gets access to the seller’s experience and network, TMFL will gain access to capital State Bank of India (SBI) may pick up a 49% stake in Tata Motors Finance Ltd (TMFL), the vehicle financing unit of Tata Motors Ltd, according to two persons familiar with the development. The deal will allow the country’s [...]

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Indian shares snapped a three-day rise and fell 0.8% on Wednesday, weighed down by waning foreign appetite and worries about the health of some euro zone economies. Jigar Shah, vice-president of equity sales at brokerage Motilal Oswal, said heavy selling by foreign funds over the past few weeks was putting pressure on the market. “There is [...]

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SBI –Buy- India Infoline

by free stock tips Broker tips

SBI has been consolidating within the context of Symmetrical Triangle From second week of September 2009 between the levels of Rs1,900-2,500. On Thursday, the stock made an attempt to breakout from the downward sloping trendline of the triangle formation mentioned above. In addition, the gain in the stock price from a low of Rs2,207 in [...]

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SBI – Updation – SBI General Insurance Company Ltd; Joint Venture with IAG

by free stock tips Company Annoucements

In terms of the Joint Venture Agreement signed by State Bank of India with Insurance Australia Group (IAG) on November 24, 2008 for its General Insurance subsidiary, SBI has made an investment of Rs. 111 Crores towards the 74% share of the equity capital of SBI General Insurance Company Ltd. IAG International Pty. Ltd. a [...]

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