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RBI cracks down on debt sales by non-bank finance firms
The Reserve Bank of India has imposed restrictions on debt sales by non-bank financial companies (NBFCs), cracking down on issuance ......
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Postal department to apply for bank licence
The government's postal department will apply for a licence to enter mainstream banking, a communications ministry official said on Thursday, ......
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Annual current account gap at record 4.8% of GDP
India's current account deficit hit a record high 4.8 per cent of gross domestic product in the fiscal year that ......
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Rupee slumps to record low, falls below 60 versus dollar
The rupee slumped to a record low on Wednesday, breaching the key psychological level of 60 to the dollar, on ......
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Government to lift FDI cap in some sectors by July: Finance Minister
India will lift foreign direct investment (FDI) caps in some sectors by the third week of July, Finance Minister P. ......
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India allows power firms to pass on imported coal costs
India has decided to allow power companies to pass on the costs of foreign coal to customers, a minister said ......
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Roll out the red carpet to welcome foreign capital
“No room for pessimism as fundamentals of the economy are intact and the government is moving ahead on the reforms ......
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Innovation and differentiation can drive growth for SMEs
With the Indian economy finding itself at the crossroads of numerous disruptive macroeconomic factors and global slowdown, it is time ......
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Religare buys out PN Vijay Financial, founder to run the business
Diversified financial services group Religare Enterprises Ltd (REL) has acquired PN Vijay Financial Services Pvt Ltd (PNVF) through one of ......
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Religare promoters to divest stake worth $182M to meet banking licence norms
Religare Enterprises’ promoters are looking to sell part of their stake in the group’s public listed financial services holding firm ......
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