Banking & Finance

Investment for fintech and innovation strategy Western Union (NYSE: WU) has launched a new Technology Engineering Centre (WUTEC) at Pune, reinforcing the company’s commitment to global innovation and investment in engineering resources. WUTEC India will focus on building end-to-end products,...

Liquidity conditions in surplus Jaitley along with the Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal at Parliament House to present the General Budget 2017-18, on 1 Feb 2017 (file picture). Minister for Finance and Corporate Affairs,...

Top quality investors participate in bond issuance The Export Import Bank of India (EXIM) has raised US$10 billion with a bond issuance on the London Stock Exchange (LSE) to support the country's project exports, overseas investment by way of long-term...

Fintechs help in wealth management, survey SBI in Mumbai. Bankers in India have recommend accelerated investments in infrastructure sector as well as interest subvention for investments in long gestation infrastructure projects. This would facilitate credit growth and investment pick-up in...

Guidelines set for rigorous due diligence Finance Minister Arun Jaitley (file pic). The Finance Minster Arun Jaitley has given details of Rs.2.11 lakh crore recapitalisation plan for the public sector banks, as a recovery from non-performing assets (NPAs). The State...

CEPA in the works, says Mitsui chairman Speakers at IJBCC. New business opportunities for Japanese investments in India are in the areas of infrastructure, manufacturing and high-technology, including advanced transportation systems, energy and renewable energy. These were listed out by...

Banks expected to make higher provisions Asset reconstruction companies (ARCs) are expected to be a part of the multi-platform business model with co-investors/large funds to bring in capital for stressed sectors such as power, according to a study. Since the...

India to deepen engagement with Asean The inaugural plenary at the ASEAN–India Business and Investment Meet and Expo covered discussions on strengthening India’s economic relations with South East Asian countries. It was held in New Delhi 22-23 Jan 2018. Themed...

India leads emerging economies India is projected to grow at 7.4% in 2018, making it the fastest growing country among emerging economies following last year's slowdown due to demonetisation and the implementation of the Goods and Services Tax (GST). Giving...

Programme to benefit 700,000 people The World Bank is lend US$120 million for water supply services in peri-urban areas in Uttarakhand state. The Uttarakhand Water Supply Program for Peri-Urban Areas will help the State increase water supply coverage as well...