India, Bahrain express commitment to enhance bilateral trade, investment

Banks in Puducherry to work in campaign mode to help people open bank accounts

All the 214 bank branches in Puducherry will work in campaign mode today and tomorrow to help people open bank accounts. This is in support of Prime Minister's Jan Dhan Yojana. A total 31,000 new bank accounts have been opened in the Union Territory since the launch of the scheme on 28th of...

Govt approves 22 proposals of FDI worth Rs 3,951 crore

The government has approved 22 proposals of Foreign Direct Investment,FDI, worth 3,951 crore rupees. The proposals were recommended by the Foreign Investment Promotion Board (FIPB) in its meeting held last month.KSK Energy received the largest FDI with a warrants issue of 1,050 crores to its foreign...

EU agrees on a new package of economic sanctions against Russia

The European Union, EU, has agreed on a new package of economic sanctions against Russia, despite a ceasefire between government forces and pro-Kremlin rebels in Ukraine. The sanctions tighten existing measures imposed in July, targeting more individuals with travel bans and asset freezes, as well a...

Board of United Spirits Ltd orders a probe into loans given by it to United Breweries Ltd

The Board of United Spirits Ltd. has ordered a probe into the loans given by it to Vijay Mallya-promoted United Breweries Ltd. The probe has been ordered as the company registered a net loss of around 4,500 crore rupees for the year 2013-14, as against the net loss of 105 crore rupees in the previou...

Govt approves 22 proposals of FDI worth Rs 3,951 crore

Replace the contents with same Head line The government has approved 22 proposals of Foreign Direct Investment,FDI, worth 3,951 crore rupees. The proposals were recommended by the Foreign Investment Promotion Board (FIPB) in its meeting held last month.KSK Energy received the largest FDI with a warr...

Willful defaulter tag is a powerful weapon in hands of banks for resolving bad loans: RBI Governor

Reserve Bank of India, RBI, Governor Raghuram Rajan has said the willful defaulter tag is a powerful weapon in the hands of banks for resolving bad loans. His comments come days after the state-run United Bank of India declared industrialist Vijay Mallya as willful defaulter. He was speaking at a fu...

EU agrees on a new package of economic sanctions against Russia

The European Union, EU, has agreed on a new package of economic sanctions against Russia, despite a ceasefire between government forces and pro-Kremlin rebels in Ukraine. The sanctions tighten existing measures imposed in July, targeting more individuals with travel bans and asset freezes, as well a...

Willful Defaulter tag powerful weapon for banks to resolve bad loans: Raghuram Rajan

Reserve Bank of India, Governor Raghuram Rajan has said the willful defaulter tag is a powerful weapon in the hands of banks for resolving bad loans. His comments come days after the state-run United Bank of India declared industrialist Vijay Mallya as willful defaulter. He was speaking at a functio...

India, Australia sign pact on civil nuclear energy deal

The decks for the import of uranium by India have been cleared with India and Australia inking a pact on civil nuclear energy deal. The pact was signed in the presence of Prime Minister Narendra Modi and his Australian counterpart Tony Abbott in New Delhi this evening. The nuclear deal will form a h...