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INDIA

May 23rd, 2018 Country's largest public sector bank, State Bank of India (SBI) is selling 49% stake in its investment banking subsidiary SBI Capital Markets ( SBI Caps) while looking for a joint venture. The stake sale will be a part of 20,000 crore capital raising exercise by the lender of fiscal 2019 to fund growth. The Bank is looking forward to...
INDIA

May 22nd, 2018 As Netherlands Prime Minister Mark Rutte is heading to Bengaluru on 25th May, Netherland government is looking forward to deepening the innovation system between the two countries. The initiative called as "Startup Link" will be launched in collaboration of Government of India’s Startup India programme which will focus on helping Dutch...
INDIA

May 22nd, 2018 International Rating Agency Moody's, Investor Service has downgraded state-owned Punjab National Bank's rating citing the impacts of recent fraud on bank's capital and weak internal records. While PNB's rating has been modified to Ba1/NP from Baa3/P-3, its outlook has remained stable. Its baseline credit assessment (BCA) to has been...
INDIA

May 17th, 2018 The Internet and Mobile Association of India( IAMAI) has filed a written petition in the Supreme Court requesting a stay against the RBI’s order to not allow banks to provide services to cryptocurrency trading platforms. IAMAI 's president Subho Ray has confirmed the filing of petition though he was not available to comment on the...
INDIA

May 16th, 2018 Punjab National Bank which had been in "hot waters" post-Nirav Modi scam has reported a loss of Rs 13,416.91 crore for the January-March period which is being considered the biggest loss to have ever reported by a domestic lender till date. PNB has posted a standalone profit of Rs. 261.90 crore in the fourth quarter for preceding...
INDIA

May 14th, 2018 The Indian PM Narendra Modi led BJP government has spent Rs 4,343 crore on publicity since it came to power in May 2014, an agency under the Ministry of Information and Broadcasting has said in reply to an RTI query. The Bureau of Outreach Communication under the ministry said the Indian government spent Rs 4,343.26 crore on...
INDIA

May 9th, 2018 The International Monetary Fund (IMF) has projected that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4 percent that rises to 7.8 percent in 2019 with medium-term prospects remaining positive. The Report on Asia and Pacific Regional Economic Outlook said that the country is recovering from...
INDIA

May 6th, 2018 The Goods and Service Tax Council (GST Council) has approved of a simpler tax return filing system under the new indirect tax regime and has also given approval for conversion of GST Network into a government holding as per information from Finance Ministry of India. The new return filling form will reduce the compliance burden for...
INDIA

May 4th, 2018 Since Jio’s entry in the Indian telecom market, the competition for the best data plan has been fierce; with ever dropping prices and better data plan deals. Vodafone and BSNL, two major competitors of Mukesh Ambani’s telecom company have announced a new prepaid plan, priced at Rs 349 each. Vodafone subscribers will benefit from...
INDIA

May 2nd, 2018 Telecom Regulatory Authority of India (TRAI) came up with some key announcements in its regulatory meeting on Tuesday that will allow users to use internet applications such as Skype and WhatsApp to make voice calls to landline. Moreover, the regulatory body has also given approval for the provision of in-flight connectivity that...
INDIA

May 2nd, 2018 If you are tourist planning to visit Madhya Pradesh, there is a bundle of good news! Tourists visiting the state will now have bike taxis to their service plying through the narrow lanes or making way across traffic snarls. Post successful experiment at one of the world's biggest congregations, Simhastha Mela, held at Ujjain during...
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