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Service sector activity in February rises to 8-month high

General

04 March, 2015

Service sector activity in February rises to 8-month high

Business sentiment for the services sector as measured by the HSBC Purchasing Managers' Index (PMI), adjusted for seasonal factors, rose ......

RBI cuts rate again by 25 bps to 7.5%

General

04 March, 2015

RBI cuts rate again by 25 bps to 7.5%

Raghuram Rajan-led RBI, which had been cautious in loosening its monetary policy stance, surprised the markets again with another cut ......

Govt to introduce monetary policy framework with focus on flexible inflation targeting

General

03 March, 2015

Govt to introduce monetary policy framework with focus on flexible inflation targeting

The government and the Reserve Bank of India (RBI) decided to introduce a modern monetary policy framework with a primary ......

Medium-size cos, export fin & renewable energy may get priority sector lending status

General

04 March, 2015

Medium-size cos, export fin & renewable energy may get priority sector lending status

The Reserve Bank of India (RBI) on Monday released a report on redesigning priority sector lending (PSL) norms, which proposes ......

Moody's Indian arm ICRA elevates Vivek Mathur as CFO

General

03 March, 2015

Moody's Indian arm ICRA elevates Vivek Mathur as CFO

Domestic credit rating agency ICRA Limited has appointed Vivek Mathur, currently executive vice president, as chief financial officer of the ......

UAE's ABV to invest around $84M in India to create luxury hospital chain

Healthcare

03 March, 2015

UAE's ABV to invest around $84M in India to create luxury hospital chain

Advert Bhambhani Ventures (ABV) which runs its healthcare services under three key brands—Nucleus Medical and Diagnostics Centre, Lifeline Healthcare and ......

Chocolate products maker Mars setting up India plant

Consumer

12 March, 2015

Chocolate products maker Mars setting up India plant

Mars International India, the wholly-owned arm of US-based chocolate maker Mars Inc, on Wednesday said it will invest Rs1,005 crore ......

IMF expects Indian GDP growth to be below government's forecast

General

11 March, 2015

IMF expects Indian GDP growth to be below government's forecast

India needs to reduce subsidies, implement comprehensive tax reforms and a maintain a tight monetary policy to maintain its growth ......

Kumar Mangalam Birla, Manmohan Singh summoned in coal scam case

Infrastructure

11 March, 2015

Kumar Mangalam Birla, Manmohan Singh summoned in coal scam case

Former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla, ex-coal secretary P C Parakh and three others were on Wednesday ......

Industrialist Deepak Khaitan passes away

General

09 March, 2015

Industrialist Deepak Khaitan passes away

Kolkata-based industrialist Deepak Khaitan died at his home here today after prolonged illness, his family said. He was 59.He is survived ......

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