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Mar 29, 2015 02:35 AM
Under the proposal, banks can lend up to 25 per cent of their core capital to a single corporate group. Concerned over the rising NPAs (non-performing assets) in the banking sector, the Reserve Bank of India (RBI) has proposed to lower the ceiling on ho
Mar 29, 2015 02:24 AM
With continued improvement in economic conditions, an increase in the target range for that rate may well be warranted later this year, says Federal Reserve Chair Janet Yellen. Federal Reserve Chair Janet Yellen signalled that the U.S. central bank will
Mar 29, 2015 02:21 AM
The government is to receive an upfront payment of Rs.28,872 crore from the operators. While the spectrum auctions have concluded, cellphone users may need to wait at least six more months for improvement in network-related service issues such as call d
Mar 28, 2015 06:52 PM
Japanese investors remain ‘very positive’ about India, saying there is a big opportunity for placing ‘significant’ FDI if the country can sort out some of its tax issues, a top official of Japan’s financial services major Nom
Mar 28, 2015 05:15 PM
With higher interest rates in the US, the foreign portfolio investors (FPIs) are expected to be led away from the emerging markets such as India. India’s foreign exchange reserves increased by $4.26 billion to $339.99 billion for the week ended Ma
Mar 28, 2015 05:06 PM
Investor Cyrus Vandrevala and hotelier Jasminder Singh were the prominent winners at an Asian Business Awards ceremony in London. Mr. Vandrevala, formerly a resident of Mumbai and co-founder of investment company Intrepid Capital Partners (ICP), received
Mar 28, 2015 04:57 PM
Russia has decided to join the Asian Infrastructure Investment Bank (AIIB), the latest country to sign up as the application deadline draws close, Russian First Deputy Prime Minister Shuvalov said on Saturday.He made the announcement at the 2015 annual co
Mar 28, 2015 09:17 AM
Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China's push for a more sustainable, higher-quality expansion.Chinese leaders have announced an economic growth target of around 7
Mar 28, 2015 03:15 AM
When the second half of the budget session begins on April 20, the Modi Government intends to go ahead with the Constitutional Amendment Bill on the Goods and Services Tax (GST), Union Finance Minister Arun Jaitley said on Friday.The government introduced
Mar 27, 2015 11:53 PM
The government has managed to get through insurance and mining bills in Rajya Sabha, but faced with opposition for Land Bill. A.M. Naik, who has completed five decades in India’s largest construction and engineering firm Larsen & Toubro (L&amp
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