Govt to sell part of its stake in Coal India, ONGC, NHPC<br/>

Finance Minister Arun Jaitley today said that the government has finalized plans to sell a part of its stake in Coal India, Oil and Natural Gas Corporation, ONGC and National Hydro Power Corporation, NHPC under its disinvestment programme for 2014-15. In a written reply in Rajya Sabha today, Mr Jait...

RBI to clarify new guidelines for small finance, payment banks.

The RBI has said that it will come out with detailed clarifications for the benefit of intended applicants on newly-issued guidelines for setting up small finance and payment banks. In a notification issued in Mumbai yesterday, the RBI said it has been receiving queries from intending applicants see...

RBI notifies new FDI policy for defence, railways infrastructure

Reserve Bank of India has notified the government&apos;s decision to increase foreign investment ceiling in defence sector and permit 100 per cent FDI in railways infrastructure. After assuming power, Narendra Modi led NDA government has reviewed Foreign Direct Investment (FDI) policy for railwa...

SEBI allows exit to Inter-connected Stock Exchange as bourse

Satyam founder Ramalinga Raju gets six months jail <br/>

Special Economic Offences Court in Hyderabad sentenced Satyam founder-chairman B Ramalinga Raju and his brother Rama Raju to six months in jail in the cases filed by the Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs under the Companies Act.The court also imposed fine...

Insurance market will expand once bill is passed in Parliament: Arun Jaitley

Insurance market will expand once bill is passed in Parliament: Arun Jaitley

Mandatory for PSUs to procure 20 percent of products manufactured by MSME: Govt

Government today said that it will be mandatory for Public Sector Undertakings, PSUs from 1st April, 2015 to procure 20 percent of the products manufactured by Micro, Small and Medium Enterprises, MSME. Replying to supplementaries in the Lok Sabha today, Minister for MSME, Kalraj Mishra said that th...

Initiatives taken by PM Modi to boost economic growth: Nadir B Godrej

SEBI clamps down over two-dozen companies within a month for illicit money pooling schemes

Weeding out illicit money pooling schemes, Securities and Exchange Board of India,SEBI, has within a month clamped down on over two-dozen companies. The firms had raised close to one thousand crore rupees from over four lakh investors. According to an analysis of orders passed by SEBI, action was ta...