In order to meet up its capital requirement, Corporation Bank has announce

Orient Global Tamarind Mauritius, a well-known foreign fund, has acquired up nearly 1% stake in private lender Axis Bank on Tuesday for Rs 237.85 crore in open market transactions.

ICICI Lombard, Country's second-largest health insurer, is partnering with US-based UnitedHealth Group, to provide health insurance products to Indian travelers.

Under the agreement, any of ICICI Lombard's 1.6 million policyholders traveling to the US will get access to UnitedHealthcare's preferred provider network as well as medical management and organized resources that align to their health needs.

After the inflation rate moved up to a nine-month high to 5.11%, RBI governor YV Reddy stated that India’s monetary plan has already included the rising food and fuel prices.

According to the data, the annual wholesale price inflation rate touched 5.11% in the week ended March 1, and the prices have gone up by 5.01% during the last week.

It is projected that inflation will go up in the coming weeks. Mr. Reddy had recently expressed his worry over increasing food and energy prices.

The central bank wishes to keep inflation around 5% during the 2007/08 fiscal year ending March 31.

Barclays, major global finance provider, has launched `Hello Money', a mobile based bank transaction service in the country.