Banking & Finance

The Federation of Indian Export Organizations (FIEO) has urged banks to ensure that the latest repo rate cut by RBI are adequately reflected in the lending rates, to encourage private investment and consumer loans get a push to help various...

The RBI monetary policy committee cut benchmark rates by 25bps on 4 Oct 2019, taking the repo rate to 5.15%.  The cut was as crucial as the forward guidance, both of which reinforced the MPC’s dovish stance, says Radhika Rao, Senior...

The repo rate cut of 25 bps to 5.15% announced on 4 Oct 201 is in line with expectations and can probably go some way in improving consumer sentiments ahead of the festive season, which is a crucial quarter for...

Eric J Holcomb, Governor of State of Indiana, has stressed upon the need to further strengthen the existing India-US trade relations.

DBS continues to define the future of banking Singapore-headquartered DBS Bank has retained the title of “Safest Bank in Asia” for the 11th consecutive year, awarded by New York-based trade publication Global Finance. DBS remains the fourth-safest commercial bank in...

Foreign owned assets in India increased by US$35 billion, mainly on account of an increase in foreign direct investment (US$18.1 billion), portfolio investment (US$6.8 billion) and loans (US$5.9 billion), said the Reserve Bank of India in a April-June 2019 quarterly...

The Competition Commission of India (CCI) has approved on 1 Oct 2019 the acquisition of shareholing in GMR Airports Limited (GAL) by Tata Group and Singapore investors.

The state-owned companies have been asked to submit their spending plans for the next four quarters, while ensuring that all overdue payments to vendors and contractors are cleared on 15 October 2019.

Approval for Aramco being supplier to India   Ministry of Corporate Affairs’ Competition Commission of India has approved the acquisition of 70% shareholding in Saudi Basic Industries Corporation (SABIC) by Saudi Arabian Oil Company (Saudi Aramco), which supplies crude oil,...

Eros International Plc has entered into definitive agreements with an institutional investor in connection with a registered direct offering of US$27.5 million aggregate principal amount of senior convertible notes due 2020 for gross proceeds of $25 million, before deducting estimated...