Nachiket Mor panel suggests sweeping banking reforms, bank a/c for all by 2016.
A panel set up by the RBI has called for establishing differentiated lenders, including one for small businesses and low-income households.
SummaryBSE Sensex falls to 3-wk low as Infosys, Reliance Industries, Tata Steel share prices hit late in day. Related Articles. BSE Sensex hit by drop in ICICI Bank, Reliance Industries share pricesIndian stocks to watch: Infosys, Tata MotorsTCS, Infosys...
sensex drops by 94.
The Comptroller and Auditor General is back in the news - and not for unearthing some huge government scam. This time it's for venturing into the domain of auditing private companies- a move that has caused much heartburn among industrial leaders.
The government plans to sell stakes in Indian Oil Corporation (IOC) and Engineers India (EIL) this month and in BHEL in February as it rushes to meet its disinvestment target of Rs 40,000 crore.
SpiceJet orders Boeing jets worth over $4 billion
DUBAI/PARIS: Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.Mumbai: MCX Stock Exchange promoter Financial Technologies on Tuesday presented its case before market regulator Securities and Exchange Board of India (Sebi), which had summoned it to explain its 'fit and proper' status to run the bourse.
Restrictions on gold imports are likely to continue until at least March-end, notwithstanding an improvement in the current account deficit situation.
MUMBAI: The rupee recovered from losses after trading in a narrow range on Tuesday and closed one paisa higher at 62.30 against the dollar as exporters sold the US currency, which was stable overseas.
Indian companies marked the lowest level in four years by raising Rs 4,101 crore through issuance of 'rights' shares to their existing shareholders in 2013 amid volatile markets, a report by Prime Database has said.
SEBI to bourses:
Trades in securitised debt instruments (both listed and unlisted) should be reported within 15 minutes on the trade reporting platforms of exchanges (NSE, BSE or MCX-SX) from April 1, 2014, market regulator SEBI said on Tuesday.
The Economic Offences Wing (EOW) of the city police's crime branch on Monday filed a charge sheet in the National Spot Exchange Limited (NSEL) Rs5,600 alleged scam.
Mumbai: National Stock Exchange (NSE) will transfer 24 stocks, including Khaitan Electricals and Birla Ericsson Optical, to restricted trading from January 13.
IT industry in India-
The multi-billion dollar Indian IT industry is poised for higher revenue growth in fiscal 2014-15, as the outlook is qualitatively better than this fiscal (2013-14), a top industry representative said Tuesday.
Gold prices declined by Rs 200 to Rs 30,160 per ten grams in the national capital today on selling by stockists against sluggish demand.
Arvind Bali, Director and CEO, Videocon Telecom, said: “In the earlier licence regime, spectrum was allocated administratively, where there was no payment by the operator for spectrum allocation, hence slab-based spectrum usage charges were logical ...
Videocon Telecom, a relatively new entrant to India's mobile services market, on Monday said the existing annual spectrum charge for established or 'incumbent' cellular operators should be continued, but it should be kept at 1 per cent for spectrum...
Within three months of the decision on FDI, UK's telecom major Vodafone Group approached Foreign Investment Promotion Board (FIPB) to increase its holding in Vodafone India Ltd (VIL) from 64.38 percent to 100 percent with an investment of Rs 10,141 ...
The market share of U.S. operators is followed by Japanese and Korean operators NTT DoCoMo, KDDI, SoftBank, LG Uplus, SK Telecom and KT which represent 38% of all LTE subscriptions worldwide.
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