New Delhi: Embattled spot commodity bourse NSEL has settled Rs 330 crore, or 6 percent of the amount due to investors since it suspended operations, missing its own deadline to clear payments.The National Spot Exchange
New Delhi: Deciding to focus on the cash-and-carry segment in India, retail giant Wal-Mart plans to open 50 wholesale stores in the next four to five years to expand its footprint in the country.About six
New Delhi: As many as 67 petrol pumps across Delhi, Noida, Gurgaon and Rohtak will offer 50-paise per litre discount on petrol to consumers who exercise their voting rights on April 10."A 50 paise per
Mumbai: The country's banking system is well-positioned to cope with the financial impact of the reduction in monetary stimulus by the US Federal Reserve and the resultant rise in interest rates, according to global rating
New Delhi/Kolkata: Widening its probe into the multi-crore Saradha chitfund scam, the Enforcement Directorate has issued summons to numerous entities even as it has attached assets worth Rs 140 crore of individuals and firms on
New Delhi: Governor Raghuram Rajan-led Reserve Bank of India will start using consumer prices instead of wholesale prices as the inflation benchmark for valuing the Indian rupee against other currencies, a move that could make
Kolkata: India's largest banker SBI is selling off its non-performing assets (NPA) of around Rs. 3,500-4,000 crore for the financial year 2013-14 to asset reconstruction companies (ARC).“We are selling NPA between Rs. 3,500-4,000 crore of
New Delhi: Struggling to diversify the delivery footprint to take advantage of low-cost centres, India's BPO industry is currently losing 70 per cent of all incremental voice and call centre business to competitors like Philippines
Mumbai: With an aim to beef up its capabilities to detect frauds and bring scamsters to book, Sebi is putting in place new software tools to help in its investigations and surveillance activities. The new
Kolkata: The State Bank of India (SBI) will hold on to its home loan rates, a senior official of the bank said here today.“Home loan rates will remain as they are,” SBI Chairperson and Managing
Kolkata: The State Bank of India (SBI) today welcomed competition in the banking sector but apprehended that IDFC's entry into banking may impact the infrastructure sector.“We welcome RBI's decision on banking licence. Only thing is
Sriharikota (Andhra Pradesh): The Indian space agency is working at preparing a business model to partner with industries - public and private - so that they have a higher level of participation in the space
London: Indian companies are playing an important role in the growth of the British economy and contributing to GDP and creating employment opportunities, according to Grant Thornton UK LLP's India Tracker 2014 report.The report, which
Mumbai: Though the outcome of the general elections will offer a short-term boost to the market, a sustained rally will be determined by the economic data, according to a JP Morgan Asset Management report.Although investors
New Delhi: Leading generator and distributor Tata Power Thursday said it is executing projects that would increase the company's overall generation capacity by nearly 850 MW.“Tata Power is in the process of executing a number
New Delhi: Ending days of suspense, the Reserve Bank today granted banking licences to infrastructure financing firm IDFC and microfinance institution Bandhan from among 25 applicants that included corporate heavyweights ADAG Group, Aditya Birla Group
Mumbai: The rupee today ended flat today at 59.90 against the dollar after surrendering initial gains on mild dollar selling by exporters.At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced higher at 59.80
Mumbai: In a reformist move, the Reserve Bank today allowed importers of rough diamond to send advance remittances to any company apart from the nine notified mining companies.“With a view to liberalising the procedure further
Mumbai: The Reserve Bank today capped the ways and means advances limit for the central government in the first half of the new financial year (FY 2015) at Rs 35,000 crore per week.The Reserve Bank
Mumbai: In a relief to the investors of the now defunct NSEL, a special court trying the spot exchange's Rs 5,600-crore payment crisis case, is likely to appoint a liquidator in a week's time, police
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