Archive for September 30th, 2008
Hyundai launches the dual fuel – Santro eco
LPG variant to offer improved fuel economy and reduced emissions
New Delhi, September 30, 2008: Hyundai Motor India Ltd., the country’s largest passenger car exporter and the second largest car manufacturer, as part of its initiative to promote eco-friendly and non polluting means of transport, today launched the much-awaited LPG version of its flagship brand Santro. [...]
ICICI Banks financial position sound; rumours baseless and malicious: K. V. Kamath, MD, CEO
ICICI Bank Limited (NYSE: IBN) is aware that rumours are being repeatedly circulated in certain centres regarding the financial strength of the Bank. The Bank states that these rumours are baseless and malicious. As these rumours could create concern among the Bank’s customers, the Bank reiterates that:
· ICICI Bank has a very strong capital position, [...]
Citibank to Acquire Wachovia’s Banking Operations
New York – Citibank today announced it has reached an agreement-in-principle to acquire all of the banking subsidiaries of Wachovia Corporation (NYSE: WB), creating the largest U.S. bank by total deposits.
Wachovia will remain a public company and retain its asset management, retail brokerage, and certain select parts of its wealth management businesses, including the Evergreen [...]