SBI can divest its stake in SBI Life Insurance Up to 10% March 31, 2015 09:57
State Bank of India, the major Public Sector banking firm, said on Tuesday, that it has received nod for divesting its stake up to 10 percent in its insurance arm SBI Life Insurance Co Ltd.…
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IMF Chief Hails India’s Prospective ahead Meeting PM Modi March 16, 2015 11:21
Ahead of meeting Indian Prime Minister, IMF Chief Christine Lagarde praised India’s new policies aiming at higher growth and stability. She said India has the better opportunities to become one of the world’s most dynamic…
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Closure of Air India, MTNL and other PSUs March 10, 2015 18:09
Government has decided to shut 65 sick PSUs. The decision of Heavy Industries Minister was announced in Lok Sabha on Tuesday. The PSus include some of the best known state-run organizations like Air India, MTNL,…
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S&P forecasts better GDP Growth for India February 26, 2015 14:24
India’s growth trajectory is going up and reaching the targets of the new government led by Narendra Modi. Standard and Poor’s predicted much better growth in the GDP of India for the next several years,…
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Alternate Saturday off-day for State-run banks February 24, 2015 14:12
According to a deal between Employee Unions and the Indian Banks Association, Public sector banks including the country’s biggest lender State Bank of India will remain shut on alternate Saturdays. "Long pending demand of holiday…
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Sutirtha Bhattacharya - New CMD of Coal India January 05, 2015 17:32
Sutirta Bhattacharya assumed the office of Chairman and Managing Director of Coal India Limited, a public sector enterprise. He was associated with a state run entity Singareni Collieries Company Limited, as Chairman and Managing Director.…
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SpiceJet to Submit Revival plan December 26, 2014 18:02
Troubled SpiceJet airlines would submit the revival plan to the Aviation ministry, on hope from helping hand of $200 million dollars from Founding promoter Ajay Singh and US-based JP Morgan Chase. This budget carrier is…
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FDI in Medical devices sector is 100% now December 24, 2014 17:01
Government approved 100% FDI in Medical Devices Sector under automatic route to encourage Foreign investment in Medical equipments and devices. Manufacturing of equipments also include diagnostic kits, medical appliances and other apparatus. India is excelling in…
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'Non-cooperative' borrower classification simplified - RBI December 23, 2014 18:54
The Reserve Bank of India has changed the definition of a non-cooperative borrower to embrace all those who have the ability to pay but still prevent lenders' attempts to recover their dues, also includes wrong…
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GST bill introduced in Parl December 19, 2014 18:58
Finance Minister Arun Jaitly introduced Goods and Services Tax bill in Parliament. GST bill aimed at minimizing the financial taxation barriers to the business companies and industries. Government is keen to pass this reforms initiative…
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Cabinet approved draft bill for GST December 18, 2014 15:25
Union cabinet yesterday evening cleared decks for Constitution amendment bill for Goods and Services Tax (GST). GST introduction will be a major taxation reform initiative. GST will avoid the overlapping of State taxes and duties.…
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Crude oil price goes low December 16, 2014 16:34
With the effect of weak international economy. Crude oil rates plunged. A barrel now costs less than $60, which is the lowest since may 2009. On Monday, the Organization of the Petroleum Exporting Countries (OPEC)…
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