Investment Information and Credit Rating Agency (ICRA) warned the banking industry that it may suffer more shocks due to the pile up of its’ gross bad assets which...
The Reserve Bank of India (RBI) relaxed External Commercial Borrowing (ECB) norms for companies raising foreign funds for infrastructure projects. As per the relaxation given by the central...
India’s Current Account Deficit (CAD) has improved significantly to $ 5.2 billion (1.2% of GDP) in the second quarter (July-September) of this fiscal mainly due to decrease in...
India’s Department of Post (DoP) has launched two new parcel services namely ‘Express Parcel’ and ‘Business Parcel’. India Post aims to generate revenue of Rs 100 crore from...
RBI has decided allow banks decide on the periodicity of interest payment on rupee savings and term deposits keeping in view that the banks are functioning on core...
Maharashtra will have its fifth tiger reserve in Nagzira as the National Tiger Conservation Authority has given nod to the development of the conservation zone. The tiger reserve...
Ex- Chief Information Commissioner (CIC) Satyananda Mishra has been appointed as the chairman of Multi Commodity Exchange of India Ltd (MCX) board. The Forward Markets Commission (FMC) also approved the...
India’s first “Synthetic Rubber Plant” was unveiled at Panipat in Haryana. The plant has been set up by Indian Synthetic Rubber Ltd (ISRL) which is a joint venture...
As per the Reserve Bank of India, the incremental bank loans to medium service enterprises (as defined in the Micro, Small and Medium Enterprises Development Act, 2006) provided...
