New Delhi: Increasing Internet penetration and youngsters shopping online has helped homegrown e-commerce major Flipkart hit an annualised sales run rate of USD one billion (over Rs 6,100 crore) -- a year ahead of its
Mumbai: The country's largest private sector lender ICICI Bank on Saturday said it is targeting to more than double its cumulative disbursements to women self help groups (SHGs) to Rs 2,500 crore by the end
Thiruvananthapuram: The Bharatiya Mahila Bank's Kerala branch would open here Monday, an official said Saturday.M.C. Maya, the banks' deputy general manager, said currently there are 12 such branches in the country and this would go
New Delhi: The Reserve Bank will issue new bank licences in a few weeks, after seeking approval of the Election Commission, Governor Raghuram Rajan said today. Over two dozen public and private sector applicants, including
New Delhi: Finance Minister P Chidambaram has said the Reserve Bank of India (RBI) is likely to issue a few bank licences notwithstanding the model code of conduct which came into force from Wednesday after
New Delhi: Foreign institutional investors were net buyers on Dalal Street, pumping in $6 billion during the quarter ended December on expectations of change in government in the upcoming general elections, says a Bank of
New Delhi: An incoming government will need to revive investments and the confidence of both domestic and foreign investors within three months of being elected to bring economic growth back to planned levels, Planning Commission
Mumbai: Rising exports and moderation in gold imports have pulled down India's current account deficit (CAD) sharply to USD 4.2 billion, or 0.9 per cent of GDP, in December quarter of 2013-14."The lower CAD was
Mumbai: The rupee today rose to its highest level in over a month and closed 10 paise up at 61.75 against the dollar following sustained selling of American currency by exporters and some banks, amid
New Delhi : The Reserve Bank of India today extended the date for exchanging pre-2005 currency notes till January 1, 2015. The nine-month extension has been given to avoid any inconvenience to the general public.
Panaji: Goa government will try to unlock the land under Special Economic Zone to accelerate industrial development in the state.Addressing the state Legislative Assembly session here, Governor B V Wanchoo said today that making adequate
Shimla: A consortium led by TAQA, an Abu Dhabi-based energy and water company, has agreed to acquire two hydropower projects in Himachal Pradesh from Jaiprakash Power Ventures Ltd., a statement said here Sunday.The consortium agreed
New Delhi: In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world's largest
Ludhiana: The central government has sanctioned an additional Rs 37.50 crore for Buddha Nullah cleaning project, Union Information and Broadcasting minister and local MP Manish Tewari has said. This is in addition to Rs 50
Mumbai: Primary articles led by food itemshave the highest share in overall price index at a whopping35.7 per cent and are mainly responsible for high inflation,Care Ratings has said in a report.The manufactured items basket,
New Delhi: India is home to the fifth largest group of billionaires in the world and Mukesh Ambani, chairman of Reliance Industries, is the country's richest man with a personal fortune of $18 billion, says
Diken (Neemuch): Gujarat chief minister Narendra Modi today unveiled country's largest solar power plant at Diken in Jwad area of Neemuch district of Madhya Pradesh.The 151 (DC) MW project operated by leading power generating company
Mumbai: Under flak from various quarters for raising rates, RBI Governor Raghuram Rajan today said the central bank is committed to the “strongest growth possible” and is on the same page as the Finance Ministry
Mumbai: Attributing high food inflation to rising rural wages and administered food prices, Reserve Bank Governor Rahguram Rajan today called for slower pace of increase in minimum support prices of foodgrains.He also said the Agriculture
Mumbai: Reserve Bank Governor Raghuram Rajan today said although the central bank strongly favours the Urjit Patel committee's suggestion on targeting retail inflation, the final decision would come only after the government's approval.“All we have
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