APN News

  • Friday, October, 2021| Today's Market | Current Time: 09:35:39
  • US remains a prime source of investment: FM

    Finance Minister Pranab Mukherjee on Monday said the US remains a prime source of investment and an important trading partner for India. “Economic policy, finance and trade constitute important planks of our bilateral relations. For us, the US remains a prime source of investment, technology and an important trading partner,” Mukherjee said while addressing a […]

    India among 40 most improved economies easing biz regulations

    India is among the 40 most- improved economies since 2005 which made significant changes in improving business regulations at a steady pace, the International Finance Corporation, a wing of the World Bank, has said. “Since 2005, India has implemented 18 business regulation reforms in seven areas covered by doing business, creating more opportunities for local […]

    RBI raises key rates; FM says may impact short-term growth

    Hardening its stance on inflation, RBI on Tuesday raised some key policy rates prompting Finance Minister Pranab Mukherjee to caution that it could have some short-term negative impact on growth. The apex bank increased its short-term lending (repo) and borrowing (reverse repo) rates by 25 basis points to 6.25 per cent and 5.25 per cent […]

    Bankers do not see immediate hike in interest rates

    The Reserve Bank’s mid-year tightening of the monetary policy is not likely to make home, car and other loans more costly immediately, but pressure on interest rates is likely to build up in the coming months, according to top bankers. “There will be no immediate increase in interest rates after the (RBI) rate hike… There […]

    RBI raises lending, borrowing rates by 25bps; CRR unchanged

    The Reserve Bank on Tuesday hiked its key short-term lending and borrowing rates by 25 basis points each with immediate effect to rein in inflation, a move that could increase banks’ commercial lending rates. Accordingly, the short term lending rate or (repo rate) stands at 6.25 percent and the borrowing rate (reverse repo) at 5.25 […]

    RBI hints at rate hike; says taming inflation priority

    The Reserve Bank on Monday hinted at a hike in key rates in its mid-year year policy review on Tuesday, saying that inflation is above the comfort level – an issue which Finance Minister Pranab Mukherjee has taken up with the central bank. “The Reserve Bank’s policy stance is likely to be shaped by the […]

    Lighting for All : with TERI

    New Delhi: The Asian Development Bank (ADB) and India’s The Energy and Resources Institute (TERI), announced the formation of “Lighting for All” today, aimed at providing clean, affordable, and reliable lighting solutions for 50 million people across Asia and the Pacific region by 2015. The “Lighting for All’’ platform is a part of the ADB- […]

    Probe into CWG contracts: I-T conducts nationwide raids

    The Income Tax department on Thursday conducted nation-wide raids on premises of some contractors and firms as part of its probe to detect alleged financial irregularities in the organisation of the Commonwealth Games. Official sources said the department is conducting raids at about 40 locations across the country, including in the national capital. Sources said […]

    RBI may issue some banking licences this fiscal: Finmin

    The government said that it expects the Reserve Bank to issue banking licences to some new players this fiscal, with the likes of Reliance Capital, Tata Group and AV Birla Group aspiring to enter the sector. “RBI will issue banking licences in due course of time. We hope some of the licences will be issued […]

    Canara HSBC Oriental Bank of Commerce Life Insurance Forays into Group Business

    New Delhi : Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited – a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, has made a foray into Group Business. After achieving success in the retail business, where it […]