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RBI governor Urjit Patel could resign on 19 November: Report

Economy

08 November, 2018

RBI governor Urjit Patel could resign on 19 November: Report

Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank’s next board meeting on November 19, ......

Govt set to put more pressure on RBI governor Urjit Patel

Economy

06 November, 2018

Govt set to put more pressure on RBI governor Urjit Patel

The Indian government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over...

Transit Capital to raise debut fund; Andhra Bank board okays stake sale in JVs

General

06 November, 2018

Transit Capital to raise debut fund; Andhra Bank board okays stake sale in JVs

Venture firm Transit Capital is in talks to raise up to $60 million (Rs 438 crore) for its debut fund, ......

IFC may offer $50 mn in debt funding to Ujjivan Small Finance Bank

Finance

06 November, 2018

IFC may offer $50 mn in debt funding to Ujjivan Small Finance Bank

The World Bank’s International Finance Corporation (IFC) plans to offer a junior loan up to $50 million (Rs 350 crore) ......

SoftBank Q2 profit soars 78% on Flipkart stake sale, Oyo valuation gain

Finance

05 November, 2018

SoftBank Q2 profit soars 78% on Flipkart stake sale, Oyo valuation gain

SoftBank Group Corp’s profit for the quarter through September jumped 78%, helped by gains from the sale of its stake ......

India October services output growth quickens to three-month high

Economy

05 November, 2018

India October services output growth quickens to three-month high

Activity in India’s dominant services sector increased at its fastest pace in three months in October, driven by a strong...

Amazon may buy into Future Retail; Kabir Misra's fund eyes stake in Meesho, Acko

General

05 November, 2018

Amazon may buy into Future Retail; Kabir Misra's fund eyes stake in Meesho, Acko

US-based e-commerce giant Amazon.com Inc. is set to buy a stake of just under 10% in Kishore Biyani-led Future Retail ......

Premium
 Sula Vineyards may invest in brands outside India: CEO Rajeev Samant

Consumer

05 November, 2018

Sula Vineyards may invest in brands outside India: CEO Rajeev Samant

Sula Vineyards Pvt. Ltd recently became the first Indian wine producing company to cross the sales mark of 1 million ......

RBI tweaks norms to help NBFCs refinance debt

Finance

02 November, 2018

RBI tweaks norms to help NBFCs refinance debt

The Reserve Bank of India (RBI) said late on Friday it would allow banks to partially stand-in as guarantors for ......

PNB posts third straight quarterly loss on fraud-related provisions

Finance

02 November, 2018

PNB posts third straight quarterly loss on fraud-related provisions

Punjab National Bank (PNB) reported a third straight quarterly loss on Friday as it set aside more money to account ......

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