Alan Isaac New chief of ICC(Sports Jun 29 2012)

Sharad Pawar’s reign as president of the ICC(International Cricket Council) ended as New Zealander Alan Isaac took charge from him for two year term at the ICC Annual Conference here.

The 60 yr old Isaac , a former New Zealand Cricket Chief ,became the eighth president of ICC.Isaac will be the last to hold the


HSBC selling its stakes to Axis Bank and Yes Bank(June 29 2012)

HSBC is selling its stakes in two non-core assets in India for $425 million as it continues to slim down its business and built reserves to cope with tougher regulations coming into force following the coming financial crisis.

The British bank said that it had sold 4.7%stakes in Indian Lenders Axis Bank and Yes Bank


SBI Cuts Interest Rate For Exporters By 0.5%(June 29 2012)

State Bank Of India (SBI) slashed interest rates on loans to exporters by 0.5% that could boost the Indian exports at a time when the economy is witnessing a lower growth rate.SBI’s cut in the interest rates comes soon after the RBI(Reserve Bank Of India)raised the export refinancing limits of the banks.

Export credit is


Loads may comeback in mutual funds(June29 2012)

As Prime Minister Manmohan Singh took charge of the ministry of finance on 27th June 2012,he said he plans to resolve issues around the mutual funds industry and check the slowing down of the insurance sector.This could be considered as bringing back loads in Mutual Funds.Financial Planners said that bringing back loads on mutual funds