Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
Capex by big CPSEs, 4 key government entities surges 62% in MarchCapital spending by these CPSEs and Railway Board, National Highways Authority of India (NHAI), Delhi Metro Rail Corporation and Damodar Va...
Buy Shriram Transport Finance Company, target Rs 890: Jefferies GroupBuy Shriram Transport Finance Company Ltd. at a price target of Rs 890.0 .
Home secretary Rajiv Mehrishi seeks quick approval for CCTNSAfter getting the ban on the NSCN (K) approved from the Cabinet on Wednesday, home secretary Rajiv Mehrishi is now pitching to get the mini...
- Road Ministry to approach CoS on GMR highway project in 2 weeks
GMR Infrastructure was ready to restart the project with some preconditions, including making piece-meal payments, according to sources.
Finance ministry asks insurance cos to prune foreign operationsThe General Insurance Corporation (GIC), country's premier re-insurer, posted a net loss of Rs 641 crore in 2010-11 on account of its forei...
- NHB wants housing finance cos to take stock of their portfolio
The National Housing Bank has asked housing financing companies (HFCs) to take stock of their portfolio and examine the involvement of inte...
- RBS makes highest offers at IIM-A placements on day one
More than 100 students were picked up by finance companies that dominated the day one. A total of 380 students are participating for summer...
- Govt wants finance, petroleum ministries to help revive AI
Coming to the aid of cash- strapped Air India, govt asked finance ministry to examine the extent of a financial bailout for airline, and al...
- Sops elude finance cos with NPAs
Finance companies with net non-performing assets (NPA) of more than 5% will not receive funding under the special package.
- ECBs to help exporters retire high-cost loans
The commerce dept will put forward the proposal in a meeting of CoS working on export sector incentives. The committee will also consider F...
- Banks told to bear half of exporters' forex losses
Banks have been asked to take the responsibility of forex losses, as commerce dept feels many exporters did not fully understand the exotic...
- Steel export cess may be rolled back, duty rejig for iron ore likely
The government is ready with a revised inflation-control package for the steel sector. It has been decided that a 15% export cess on an ad ...
- Code of conduct for micro-finance cos likely
The solution to issues such as excess lending, multiple borrowing and staff poaching which are worrying the microfinance industry, may come...
- NHB eyes stakes in housing finance cos
National Housing Bank (NHB) has decided to acquire stakes in housing finance companies (HFCs) that make bulk of their advances to rural Ind...
- Ministerial spat holds up Rs 4k cr Target Plus sops
The fate of exporters waiting to avail of benefits worth Rs 4,000 crore from the controversial Target Plus scheme hangs in balance due to d...
- Panel to finalise blueprint for A-I, Indian merger next week
The grand plan to merge Air-India and Indian to create a mega-airline is expected to cross a key milestone next week with a committee of se...