Banking & Finance

DBS sees festive-driven demand and good monsoon in India The Indian government's policy fine-tuning is likely in the coming weeks as it has just done so with Goods and Services Tax (GST), said Development Bank of Singapore (DBS) in its...

Avoid disruptive sensationalism, says the Minister Piyush Goyal. Minister of Railways and Coal, Piyush Goyal has called for a positive and constructive approach for the economically-powered ‘New India’. “A positive and constructive approach based on outcomes, wherein our collective energy...

Project to be completed in 5 years The Indian government and European Investment Bank (EIB) have signed the Finance Contract for lending of Euro300 million for Bangalore Metro Rail Project Phase II Line R6. Bangalore Metro Rail Project Phase II...

Industry veteran to head new business Wadhawan Global Capital (WGC), one of India’s leading financial services institutions, has announced its foray into private wealth management and joined hands with industry veteran Atul Singh, who will head the business. WGC’s strategic...

Micro and small exporters will benefit, says Gupta The Federation of Indian Export Organizations (FIEO) has welcomed the decision to dispense with Bank Guarantee requirement under Bond and replacing it with Legal Undertaking (LUT). FIEO President Ganesh Kumar Gupta said...

MoUs signed for infra and TV plant Fadnavis agrees with Kim on cooperation in projects. Maharashtra Chief Minister Devendra Fadnavis and South Korean Deputy Prime Minister-Finance Minister Kim Dong-yeon have agreed to cooperate in multi-billion dollar infrastructure developments. The two...

AI-powered assistant handles SBI calls Silicon Valley-based startup Payjo has launched an Intelligent Assistant for State Bank of India (SBI), one of the world’s largest banks with 420 million customers. SBI’s Intelligent Assistant or SIA, an AI-powered chat & voice...

Recapitalize banks to lift investments, Rangarajan Dr C Rangarajan. A former economic adviser to the Prime Minister has called for revival of the stalled projects and boost investments for economic growth. There have been a number of stalled projects. And...

Rajasthan sells plant for Rs.40 billion NTPC Ltd acquire 1,000MW Chhabra Thermal Power Plant from Rajasthan state government for about Rs.40 billion in an otherwise commercially underperforming power sector in India. NTPC is also expected to acquire under-construction 1,320MW capacity...

Korea-India needs to increase to trade volume South Korea’s exports to India were US$11.6 billion in 2016, up about 50% since the signing of the Comprehensive Economic Partnership Agreement (CEPA), said Young Sam Kim, Additional Minister for Trade, Industry and...