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Attained: By State Bank of India (Chairman O.P. Bhatt pictured alongside) the distinction of being the first public sector bank to touch a market capitalisation of Rs 1,00,000 crore.
On September 28, the bank’s shares closed at Rs 1,950.70 on the BSE, giving it a market cap of about Rs 1,02,665.12 crore.
Surged: To $8.6 billion (Rs 34,400 crore), NRI remittances, in the first quarter of 2007-08, against $5.9 billion (Rs 23,600 crore) in the previous corresponding period, a rise of 50 per cent, according to Balance of Payments data released by RBI. Remittances from West Asia and Europe have shown strong growth.
Ended: The tie-up between EIH, the flagship company of the Oberoi hospitality chain, and US-based hotel chain Hilton. The Oberoi group had entered into a strategic alliance in April 2004 for marketing and co-branding Hilton International with some of its properties in India under Trident Hilton tag. The strategic alliance was for 15 years up to April 2019. The tie-up will end effective March 31, 2008.
Ranked: By investment advisory firm Tholons and Global Service magazine, Chennai, as the top outsourcing hub in the world. Other Indian cities featuring among the top 10 Emerging Destinations worldwide for outsourcing of IT and business processes are Hyderabad (#2), Pune (#3), Kolkata (#5) and Chandigarh (#9). The study lists Bangalore, New Delhi NCR, Manila NCR, Mumbai and Dublin as the top five Established Outsourcing Destinations in the world.
Ranked: By the Asian Banker 300 Report, nine Indian banks, led by HDFC Bank and K.V. Kamath-led ICICI Bank, among the Top 50 in Asia. HSBC topped the list.
Emerged: In an Ernst & Young report on 48 Indian cities, Delhi, as the best place to live in. High quality of life, transportation infrastructure and overall labour force are contributing to its economic growth. The report, based on 57 parameters, said the national capital takes the lead on its City Prosperity Index due to its lower population and higher per capita income.
