Banking & Finance

The 25 bps increase in the repo rate announced on 1 Aug 2018, the third bi-monthly monetary policy, was in line with our expectations, writes Anuj Puri, Chairman - ANAROCK Property Consultants.

The Cabinet has approved the first extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.

IDEMIA, from Colombes, France, said it is the first and, to date, only one to be certified to manufacture and personalise RuPay chip contact and contactless cards, on the qSPARC v2 platform.

Expenditure on investment in logistics, including infrastructure, will touch US$500 billion, annually, by 2025, said Commerce and Industry Minister Suresh Prabhu in New Delhi on 30 July 2018.

NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), has launched two new high-density and hyperscale datacenters in Mumbai and Bangalore.

SEBI approves mutual fund business   Rana Kapoor.   YES BANK has delivered sustained performance with net profit growing 30.5% to Rs.1,260.4 crores in Q1 FY19. The growth has been well segmented across Corporate, IBU, SME and particularly Retail Business...

Invest India and Business France have signed a Memorandum of Understanding (MoU) to promote investment and cooperation between Indian and French startups.

A reforms agenda is a new hope for India’s cash-strapped Micro, Small and Medium Enterprises (MSMEs) but depends on its adoption by the boards of Public Sector Banks (PSBs).

India needs US$76 billion to install the balance of 103.67 gigawatt of renewable energy out of the 175 GW target, Rajya Sabha was told on 24 July 2018.

The Insurance Industry, projected to grow to US$280 billion by 2020, must take the responsibility and make India fully insured, Vice President M. Venkaiah Naidu has stressed.