APN News

  • Monday, December, 2021| Today's Market | Current Time: 07:48:06
  • 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 […]

    No controls on FII inflows; RBI may check rupee appreciation:FM

    The government has ruled out putting controls on FII inflows into the equity market as of now, but said that RBI may intervene to check the rupee appreciation if needed. “At this time, I am not thinking of putting cap on FIIs (inflows in equity market),” Finance Minister Pranab Mukherjee told reporters at the annual […]

    IT raids on biz premises of seven Karnataka MLAs

    Income Tax officials on Monday conducted raids at around 60 places in Karnataka, targeting seven ruling BJP MLAs, including ministers G Janardhana Reddy and G Karunakara Reddy. IT raids were conducted at 60 to 65 places, mainly concentrating in Bangalore and Bellary whose action comes amidst allegations of horse-trading by both BJP and opposition. Business […]

    G-20 deal clinched at last moment: Pranab

    The deal to reform the IMF to give greater clout to developing nations like India and halt aggravation of the ongoing currency war was struck at the last moment at the conference of G-20 finance ministers and central bank Governors in S. Korea. The uncertainty continued till the last minute and it was only in […]

    Rupee Appreciation Not Abnormal: Pranab

    Finance Minister Pranab Mukherjee has said on Friday that huge FII inflow reflects foreigners confidence in Indian growth story and is not a matter of concern as of now since the appreciation in the value of rupee is not abnormal. “The rupee appreciation is not abnormal. As and when RBI feels that intervention is necessary, […]

    India for consensus to resolve currency conflict at G-20: FM

    India wants consensus and not confrontation to resolve the currency issue that is likely to come up for discussion at the two-day meeting of the finance Ministers and central bank governors of the G-20, opening in Gyeongju on Friday. “I do not believe in confrontation. I believe in dialogue. If the issues are to be […]

    G-20 meeting to focus on trade imbalances, IMF reforms

    Curbing global trade imbalances, need for greater flexibility in exchange rates and reforming the IMF are expected to dominate the meeting of the group of 20 (G-20) nations that kicks off this weekend in South Korea, says a US official. “Advancing the pace and the effectiveness of global rebalancing will be a dominant priority going […]