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China Devaluation a risk, if Long-Term says Raghuram Rajan
Mumbai, Aug 20: Repeating his warnings about global markets being at risk of a crash due to competitive loose monetary policies adopted by rich nations, RBI Governor Raghuram Rajan on Thursday said the recent devaluation of the Chinese…
Aadhaar-based Digital Life Certification System for Pensioners
New Delhi, Aug 20: The Government has asked banks to achieve weekly targets set for the purpose of enabling “Jeevan Pramaan” – an “Aadhaar-based Digital Life Certification system for Pensioners so as to cover at least 50% in next 2-3 weeks.…
Reliance Industries to raise $225 million Overseas
Mumbai, Aug 20: Reliance Industries Limited (RIL) is raising $225 million at 2.512 percent interest with a guarantee from the Export-Import Bank of the US, set to be a first for a private sector energy company.
The 11-year-tenure issue…
Jairam says Govt needs Congress Support to pass GST Bill
New Delhi, Aug 19: With the government contemplating a special session of parliament over the GST Bill, Congress leader Jairam Ramesh on Wednesday said the economic measure cannot be passed without his party's support and sought four…
RBI nod to Reliance, other 10 Applicants for Payment Banks
Chennai/New Delhi, Aug 19: The Reserve Bank of India (RBI) on Wednesday granted 'in principle' approval to 11 applicants, including Reliance Industries Ltd., Aditya Birla Nuvo Ltd., Department of Posts and Cholamandalam Distribution…
Bank of Maharashtra to sell Rs.500 crore NPAs to ARC
Kolkata, Aug 19: Bank of Maharashtra on Wednesday said it is planning to sell nearly Rs.500 crore of its bad loans to asset reconstruction companies (ARC) by the end of September this year.
"By September, we have planned to sell Rs.500…
India’s Mobile Services Market to reach $21.4 bn in 2015
New Delhi, Aug 19: Mobile connections in India will grow to 880 million in 2015 -- an increase of five percent from 837 million connections in 2014 -- and spending on mobile services will grow four percent to reach $21.4 billion in 2015,…
Value buying boosts BSE Sensex, Healthcare Stocks gain
Mumbai, Aug 19: Value buying of stocks after two sessions of losses and hopes of a delay in next month's US rate hike decision boosted sentiments in the Indian equity markets on Wednesday.
Bullish sentiments were seen on the S&P…
E-commerce generates $1.2 mn Revenue every 30 Seconds: Study
New Delhi, Aug 19: The global e-commerce industry generates over $1.2 million in revenue every 30 seconds with Facebook, Pinterest and Twitter contributing $5,483, $4,504 and $4,308 respectively, says an Assocham-Deloitte joint study.…
US Ambassador to discuss Business Opportunities with Akhilesh
Lucknow, Aug 19: US ambassador Richard R. Verma, is likely to discuss business opportunities in solar energy, tourism and infrastructure sectors during his meeting with Uttar Pradesh Chief Minister Akhilesh Yadav on Wednesday.
Officials…