Banking & Finance

The Japanese Official Development Assistance Loan Program is supporting two projects in India with a loan of Rs.3,420 crore.

RBI meets industry chambers     The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the Reserve Bank of India (RBI) to consider cutting the repo rate and CRR to enable lowering of lending rates by banks....

Larsen & Toubro Infotech Ltd has acquired Ruletronics, a pure-play Pega® consulting and implementation company with offices in the UK, USA, and India.

The Cabinet Committee on Economic Affairs has approved capacity expansion of Numaligarh Refinery from 3 Million Metric Tonne Per Annum (MMTPA) to 9 MMTPA.

The Cabinet has approved the recapitalization of Export Import Bank of India (EXIM Bank) through Rs.6,000 crore government bonds on 16 Jan 2019.

Despite all headwinds including the liquidity crisis in 2018, housing sales rose by 18% and new launches by 33% across the top 7 cities compared to 2017, according to Anarock Property Consultants.

Nine airports are in the pipeline in Maharashtra where the under-construction Navi Mumbai airport is touted to be operational by 2022, the State’s Chief Minister Devendra Fadnavis told delegates at the Global Aviation Summit opening on 15 Jan 2019.

The listing of India’s first REIT by Blackstone-backed Embassy Group has been in the offing for quite some time, but it now finally appears that it will be listed within the first half of 2019.

India’s divestment efforts, with year-to-date collections, still at a fifth of the target of Rs.800 billion, according to a report by a Singapore banking group, DBS.

The Confederation of Indian Industry (CII) has welcomed the proactive measures taken by the GST Council in its 32nd meeting held on 10th January 2019.