RBI waits and watches April 07, 2015 12:09
Reserve Bank of India kept interest rates on hold at 7.50%, choosing to wait longer to assess inflationary pressures before making its next move and to give banks more time to adjust lending rates to…
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Alibaba founder Jack Ma Meets PM Modi March 31, 2015 04:50
The richest man in China, Jack Ma, who is the founder and chairman of Chinese ecommerce giant Alibaba met Indian Prime Minister Narendra Modi in New Delhi on Monday. During their conversation Jack Ma explained…
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SBI can divest its stake in SBI Life Insurance Up to 10% March 31, 2015 04:27
State Bank of India, the major Public Sector banking firm, said on Tuesday, that it has received nod for divesting its stake up to 10 percent in its insurance arm SBI Life Insurance Co Ltd.…
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IMF Chief Hails India’s Prospective ahead Meeting PM Modi March 16, 2015 05:51
Ahead of meeting Indian Prime Minister, IMF Chief Christine Lagarde praised India’s new policies aiming at higher growth and stability. She said India has the better opportunities to become one of the world’s most dynamic…
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Closure of Air India, MTNL and other PSUs March 10, 2015 12:39
Government has decided to shut 65 sick PSUs. The decision of Heavy Industries Minister was announced in Lok Sabha on Tuesday. The PSus include some of the best known state-run organizations like Air India, MTNL,…
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S&P forecasts better GDP Growth for India February 26, 2015 08:54
India’s growth trajectory is going up and reaching the targets of the new government led by Narendra Modi. Standard and Poor’s predicted much better growth in the GDP of India for the next several years,…
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Alternate Saturday off-day for State-run banks February 24, 2015 08:42
According to a deal between Employee Unions and the Indian Banks Association, Public sector banks including the country’s biggest lender State Bank of India will remain shut on alternate Saturdays. "Long pending demand of holiday…
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Sutirtha Bhattacharya - New CMD of Coal India January 05, 2015 12:02
Sutirta Bhattacharya assumed the office of Chairman and Managing Director of Coal India Limited, a public sector enterprise. He was associated with a state run entity Singareni Collieries Company Limited, as Chairman and Managing Director.…
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SpiceJet to Submit Revival plan December 26, 2014 12:32
Troubled SpiceJet airlines would submit the revival plan to the Aviation ministry, on hope from helping hand of $200 million dollars from Founding promoter Ajay Singh and US-based JP Morgan Chase. This budget carrier is…
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FDI in Medical devices sector is 100% now December 24, 2014 11:31
Government approved 100% FDI in Medical Devices Sector under automatic route to encourage Foreign investment in Medical equipments and devices. Manufacturing of equipments also include diagnostic kits, medical appliances and other apparatus. India is excelling in…
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'Non-cooperative' borrower classification simplified - RBI December 23, 2014 13:24
The Reserve Bank of India has changed the definition of a non-cooperative borrower to embrace all those who have the ability to pay but still prevent lenders' attempts to recover their dues, also includes wrong…
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GST bill introduced in Parl December 19, 2014 13:28
Finance Minister Arun Jaitly introduced Goods and Services Tax bill in Parliament. GST bill aimed at minimizing the financial taxation barriers to the business companies and industries. Government is keen to pass this reforms initiative…
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