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LIC's stake in Axis Bank crosses 10%

The stake of country’s largest life insurer Life Insurance Corporation of India (LIC) in Axis Bank crossed 10% after it picked up the private lender’s shares through open...

January 24, 2014

Urjit R Patel Committee suggests adoption of new CPI for Anchoring Monetary Policy

The Expert Committee to Revise and Strengthen the Monetary Policy Framework, headed by RBI Deputy Governor Urjit R Patel submitted its report to RBI Governor Dr. Raghuram Rajan....

January 24, 2014

“Dexter”: A virus in the Indian Online Banking System detected by CERT

The Computer Emergency Response Team (CERT-India) detected a “black” private information stealing virus in the Indian online banking transactions space. The virus is especially more threatening for the...

January 23, 2014

WEF 2014: Swiss banks devise new 'cash' strategies to lure rich clients

The 44th World Economic Forum (WEF) annual meeting at Davos, Switzerland from January 22 to 25, 2014. The event sets the key priorities and challenges for the world...

January 23, 2014

P.J.Nayak Committee set up by RBI to review governance of bank boards

The Reserve Bank of India (RBI) set up an 8 -member panel to review governance of board of banks and examine ‘fit and proper’ criteria for directors, including...

January 23, 2014

Mr. Anand Sinha, Deputy Governor of RBI retired

RBI’s Deputy Governor Dr. Anand Sinha, who was looking after the new bank licence process, retired. The procedure for granting licences to the private sector is yet to...

January 23, 2014

Amish Tripathi's The Immortals Of Meluha set for a Hollywood adaptation

Author Amish Tripathi, who created waves in Indian publishing with a $1 million book contract, has cracked it even bigger this time with an American producer purchasing the...

January 22, 2014

What is Net Neutrality? What is the significance of Net Neutrality?

Net Neutrality (or Internet neutrality) is the idea that broadband Internet Service Providers (ISPs), Comcast, Time Warner Cable, Verizon and others, should treat everything that flows across the...

January 22, 2014

Bimal Jalan panel on new bank licences to meet on Feb 10, 2014

The Bimal Jalan panel which is scrutinizing applications for new bank licences will hold a meeting on February 10, 2014. Which are the entities in the race for...

January 22, 2014

Sunanda Pushkar

Sunanda Pushkar, wife of Union Minister Shashi Tharoor, passed away Sunanda Pushkar, wife of Union Minister Shashi Tharoor, was found dead in a seven- star hotel in New Delhi....

January 20, 2014

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