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‘Private Banks’ loan growth to be double of PSBs till 2019′
Mumbai, Jan 20: Private sector bank credits will see a compound annual growth rate (CAGR) of 24 percent till fiscal 2019, as compared to 12 percent for the state-run ones, a joint study by industry chamber Assocham and ratings agency Crisil…
Bank of England rules out interest rate rise for now
London, Jan 20: Bank of England (BoE) Governor Mark Carney has ruled out an interest rate hike for the time being contending that "now is not yet the time to raise interest rates" in the wake of gloomy global economy and modest British…
Bengaluru Airport served 18 mn passengers in 2015
Bengaluru, Jan 20: Growing at 25 percent, the Kempe Gowda international airport here served 18 million passengers in 2015, with air traffic increasing 12.7 percent, the airport operator said on Tuesday.
"Domestic passenger traffic grew…
China, GCC vow to reach comprehensive FTA within 2016
Riyadh, Jan 20: China and the Cooperation Council for the Arab States of the Gulf (GCC) are committed to working closely to conclude a comprehensive free trade agreement (FTA) within 2016, the two sides announced.
In a joint press…
Ninth World Future Energy Summit opens in Abu Dhabi
Abu Dhabi, Jan 20: The Ninth World Future Energy Summit, one of the major events of Abu Dhabi Sustainability Week 2016, opened here on Wednesday.
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, and Sheikh Mohamed bin Zayed Al…
Indian Economy set to grow fastest at 7.5 Percent
Washington, Jan 20: Growing at the fastest pace, India is projected to grow at 7.5 percent in 2016 and 2017 fiscal as China slows to 6.3 percent in 2016 and 6.0 percent in 2017, according to the IMF.
The slower pace of China's growth…
Key Indian equity indices open lower
Mumbai, Jan 20: Key Indian equity indices opened lower on Wednesday and skid further on weak Asian cues.
Against the previous day's close at 24,479.84 points, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at…
RBI to buy government securities of Rs.10,000 crore
Mumbai, Jan 19: In a bid to infuse liquidity into markets, the Reserve Bank of India (RBI) will purchase government securities worth a total Rs.10,000 crore on Wednesday.
"Based on the current assessment of prevailing and evolving…
Supreme Court restrains government from divesting HZL stake
New Delhi, Jan 19: The Supreme Court on Tuesday restrained the government from divesting of its 29 percent stake in Hindustan Zinc Ltd (HZL) till further orders.
Pulling up the government, an apex court bench of Chief Justice T.S.…
Karbonn introduces new user interface on its 4G Handset
New Delhi, Jan 19: Domestic handset maker Karbonn Mobiles on Tuesday announced the launch of its new user interface Kandy on the 4G enabled Karbonn Quattro L50 handset, offering a customised 4G experience to its users.
Karbonn's UI Kandy…