Finance ministers and central bank governors of G20 nations, including India, will brainstorm in Sydney for two days beginning on Saturday to chalk out strategies for faster and sustainable global growth, taxation reform and infrastructure funding. Besides, developing countries such as India will pitch for the much-awaited quota reforms in the International Monetary Fund (IMF), […]
Sensex rebound over 164 points on Friday amid a strong show in global markets, helping the BSE benchmark register its first weekly gain in four. The 30-share BSE index, which had lost 186.33 points in the previous trading session, recovered 164.11 points, or 0.80 per cent, to end at 20,700.75. Friday’s Sensex gain is its […]
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 […]
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 […]
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 […]
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 […]
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 […]
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) […]
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 […]
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 […]
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