Banking & Finance

Acquisition reaffirms commitment to Europe Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005) has signed definitive agreements to acquire Luxembourg-based Syncordis S.A., a leading core banking implementation services provider. The acquisition will also come with its identified subsidiaries in...

It sets S&P BSE BHARAT0-22 Index   India has launched the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs.8,000 Crore. The Fund is expected to benefit long term and retail...

CEO forum on the anvil Prabhu and Champagne along with their officials during the 4th Annual India-Canada Ministerial Dialogue on Trade and Investment in New Delhi on 13 Nov. India and Canada have agreed to explore collaboration in the area...

A Billion dollar Blockchain Mining business by NRI A Singapore-based young Indian entrepreneur is in the process of creating a huge multimillion dollar mining infrastructure to support blockchain businesses across Asia, including India. Vikas Gupta, CEO at Miners at Work...

Bankers warned of data security being a war without borders The Reserve Bank of India (RBI) is to come up with guidelines to address the ever-increasing threat of cyber-security. “The RBI is to come up with guidelines,” said S. Ganesh...

Loan to improve quality of students Student education quality will improve in Assam's higher institution with the grant of a new US$119 million loan by the World Bank's International Bank for Reconstruction and Development. The loan agreement was signed in...

Indian economy still coming to terms Taimur Baig. Radhika Rao. By Chief Economist, Taimur Baig and Economist Radhika Rao. A year after the government of India scrapped high denomination currency notes (around 80% of currency in circulation), a wide range...

3.09 directors of inactive companies disqualified The Indian government continues its tough approach to eliminate corruption within businesses, having struck-off around 2.24 lakh companies that were inactive for a period of two years or more. Based on the massive drive...

Progress of 55 projects reviewed The Asian Development Bank is willing to enhance its annual sovereign lending to Indian projects from the present US$2 billion to US$3 billion, said Diwesh Sharan, Deputy Director General (DDG) for ADB’s South Asia Department,...

Arval to undertake financial leasing The Department of Economic Affairs has cleared Foreign Direct Investment (FDI) of Rs.24.56 crore in October 2017. It has given approval to Sterling Commerce Solutions India Pvt Ltd to issue shares following its merger with...