1.The Reserve Bank of India (RBI) on Tuesday relaxed several rules including foreign direct investment norms to boost start-up activity in the country.
2.To begin with, start-ups are allowed to receive foreign venture capital ... Read More
1.PNB Housing Finance, the country’s fifth-largest housing finance company, may go for an initial public offering (IPO) in mid-2017, according to a top official.
2.The company is betting on the robust growth in its ... Read More
1.Urjit Patel, Deputy Governor of Reserve Bank of India (RBI) in-charge of the monetary policy department, has been re-appointed for a term of three years.
2.Mr. Patel, 52, who will complete his three-year term ... Read More
1.ICICI Bank joins some of the leading lenders of the country which have partnered with payments banks that have received licence from the banking regulator. For example, State Bank of India and Kotak ... Read More
1.State-run lender, IDBI Bank, is planning to raise Rs.3,771 crore by way of qualified institutional placement (QIP) which could see government stake reduce by 25 per cent, according to an exchange filing.
2.“Govt. of ... Read More
1.ASBA facility has become mandatory for all categories of investors applying for a public issue for making payment from Friday. The facility allows the bid amount to remain in the applicants account till ... Read More
1.Rupee turned out to be one of the best performers in 2015 among all Asian and BRICS currencies, excluding yen.
2.The currency’s depreciation of about five per cent against the dollar was less than ... Read More