25th October - THE FINANCIAL EXPRESS

Rajeev Goyal
Raju Sharma
Rahul Yadav
Section - I

Banking
ICICI AND AMERICAN EXPRESS LAUNCH CASH CARD:
India's second-largest ICICI Bank, and American Express, today announced the launch of the ICICI Bank American Express Prepaid Travel Card, a smart alternative to cash when travelling, offering convenience and valuable services and benefits.
The new card is aimed at the fast-expanding customer segment of discerning travellers who have frequent travel schedules for both business and leisure.
Sbi raises lending Rates:
The country’s largest bank State Bank of India (SBI) has finally increased its lending rates including the base rate, which it has raised for the for the first time. The bank has hiked its base rate — the minimum lending rate by the bank — by 10 bps from 7.50 per cent to 7.60 per cent while the bank’s Benchmark Prime Lending Rate (BPLR) has gone up 25 bps from 12.25 per cent to 12.50 percent.
v Politics

Through Rahul Gandhi in Ganges: Sharad Yadav
JD(U) leader Sharad Yadav today launched an unusually strong personal attack on the Gandhi-Nehru family and said Rahul Gandhi should be thrown in the Ganges.
He said it is country’s unfortunate that people are supporting his family.

v Markets

Coal India IPO
The primary market has seen good retail participation after a long time. Around 17 lakh retail investors applied for the mega public issue of Coal India, leading to oversubscription of 2.31 times in the retail quota. This means retail investors have put in bids for 45.86 crore shares worth Rs 11,235 crore.
Shara IPO will come when market condions would be favourable: Subrata Roy

Sahara's real estate company, Sahara Prime City Ltd (SPCL), has been mulling an Initial Public Offering (IPO) to raise funds from the capital market for quite some time. The company had filed DRHP with SEBI last October but did not go ahead with the IPO due to bearish conditions.

Economy

Food inflation makes the central to rise its policy by 25 bps.
Govt. for soaps to few exports sectors:The government will review in December performance of the country's export and consider giving support to the sectors which remain under pressure:Mr. Anand Sharma