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Business

Yaduvendra Mathur appointed as CMD of Exim Bank

Mr. Yaduvendra Mathur has been appointed by the Government of India as Chairman and Managing Director of Export-Import Bank of India (Exim Bank). Prior to this appointment, Mr. Mathur was Chairman and Managing Director, Rajasthan Financial Corporation, since 2011. Mr. Mathur is an Indian Administrative Service Officer of the 1986 batch. A First Class Graduate […]

Business

Facebook to acquire WhatsApp in USD 19 billion deal

Social media giant Facebook will acquire mobile messaging company WhatsApp for 19 billion dollars in a cash and stock deal, the largest acquisition by the Mark Zuckerberg-led firm so far that will give it a stronghold in the market for messaging. The whopping acquisition price includes USD 4 billion in cash, about USD 12 billion […]

Business

Govt considering amendments to electricity tariff policy

Government is considering “suitable amendments” to the electricity tariff policy which would benefit various categories of consumers, the Power Ministry said on Thursday. The draft amendments in the Tariff Policy were put out for public comments last September. Power Minister Jyotiraditya Scindia informed the Lok Sabha that suitable amendments are under finalisation with regard to […]

Business

CoalMin decides to cancel one more coal block

The Centre has decided to cancel one more coal block, which had been given to Corporate Ispat Alloys Ltd, taking the total number of mines deallocated for not being developed on time to 27 so far. The cancellation of this mine in Jharkhand comes in the backdrop of an inter-ministerial group (IMG) recommending deallocation of […]

Stock & Share

Sensex drops 186 pts on weak China data

The benchmark Sensex fell for the first time in five days to end about 186 points lower on Thursday on broad-based selling after global markets slipped amid downbeat Chinese manufacturing data and fears of more US stimulus cuts. After gaining nearly 530 points in the past four sessions, the Sensex dropped 186.33 points, or 0.90 […]

Business

Parliament passes Street Vendors bill to protect rights of urban street vendors

A bill to regulate street vending activities and protect the rights of urban street vendors were among three measures adopted by Parliament on Thursday. Lok Sabha, which had earlier passed the legislations, gave approvals to minor amendments by Rajya Sabha, which okayed them earlier. The Street Vendors (Protection of Livelihood and Regulation of Street Vending) […]

Banking

ICICI Bank launches Branch on Wheels in Chhattisgarh

Chhattisgarh: ICICI Bank Limited, India’s largest private sector bank, today announced the launch of its ‘Branch on Wheels’ in Chhattisgarh, as part of its financial inclusion plan that aims at providing banking services in villages which are so far devoid of banking facilities. The ‘Branch on Wheels’ is a first of its kind initiative by […]

Banking

SIDBI signs MOU with Bahrain Development Bank to assist Indian MSMEs in expanding their business to Bahrain

Mumbai : Small Industries Development Bank of India (SIDBI) and Bahrain Development Bank (BDB) today signed a MoU at New Delhi, in the presence of His Majesty King Hamad Bin Isa Al-Khalifa of the Kingdom of Bahrain, who is on a state visit to India. The MoU was signed by Sh. Ahmed bin Mohamed, Minister […]

Stock & Share

Sensex jumps 89 pts to nearly 1-month high; IT, pharma gain

The benchmark Sensex climbed about 89 points to nearly 1-month closing high of 20,722.97 on Wednesday, driven by smart gains in bluechip pharma and IT stocks. After rising 441 points in the past three sessions, the Sensex rose further by 88.76 points, or 0.43 per cent, to end at 20,722.97 -the highest since it closed […]

Business

Govt launches portal for data collection of cement sector

The government has launched a portal on cement to collect “real time” data on production, dispatch, export and import, to help analyse the sector better for taking policy measures. The Cement Information System portal, which is first of its kind, would enable cement manufactures to upload data on the central server of the department, an […]