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SBI upbeat on foreign growth, to scale up Singapore ops
The country’s largest lender, State Bank of India (SBI), has chalked out strategies to grow aggressively in overseas markets, especially Singapore, in this fiscal, a top SBI official said. This would help the Indian banking behemoth to move a step closer to consolidate its position in the global financial services industry.

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Domestic MFs plan international funds
Domestic mutual funds are again scouting investment opportunities abroad, mostly in emerging markets, as they plan to launch international funds, after more than a year. At least three fund houses-- SBI Mutual Fund, UTI Mutual Fund and Mirae Asset Mutual Fund— are planning to launch international funds soon.

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Amar rules out withdrawal of resignation

Senior Samajwadi Party leader Amar Singh today ruled out withdrawing his resignation from party posts, but said he would no longer ‘slog’ for the organisation like he used to. - Jeera futures prices likely to firm up - No differences with Mulayam: Amar Singh - Amar Singh rules out withdrawal of resignation - Muslim MLAs demand Amar Singh"s expulsion - Aditi Phadnis: Keeping the SP together">Aditi Phadnis: Keeping the SP together - Amar Singh defends Pawar on price rise issue There was no clarity whether he would attend the ongoing Saifai Mahotsav where he would meet party chief Mulayam Singh Yadav face to face for the first time since he resigned from the general secretaryship of the party. The Saifai Mahotsav, being held in Mulayam’s ancestral village for the last five years, is attended by several Bollywood stars. “All the speculation and hype that I am angry is unnecessary...The resignation that I have tendered, I am not going to take back,” Singh said. Singh’s comments came after party chief Mulayam Singh Yadav yesterday refused to accept his resignation. The two leaders spoke to each other this morning and during the conversation, Yadav invited Singh to join the festival, which started today. Playing down any strains in his relationship with Yadav, Singh said his resignation should not be been seen as a “revolt” against the party. “Mulayam Singh has consistently given me due recognition, he has given me preference over Ram Gopal Yadav (party general secretary),” Singh told a TV news channel, adding he did not want to force Yadav to choose between his family and the party.


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