Business

June 26, 2015 8:51 AM

Significant improvement in macro-economic environment: RBI

The Reserve Bank of India said that there has been a significant improvement in the macro-economic environment, and going forward, economic performance is expected to be better. In a six-monthly Financial Stability Report released by RBI said that the strong macroeconomic fundamentals offer India a ...

June 26, 2015 8:50 AM

RBI allows banks to borrow from int'l institutions without its nod

Easing the norms for accessing foreign funds, the Reserve Bank of India (RBI) on Thursday allowed banks to borrow from international financial institutions for general banking business without seeking its permission. The RBI said in a circular in Mumbai in order to provide greater flexibility in ove...

June 25, 2015 9:05 PM

RBI extends deadline for exchanging pre-2005 currency notes by 6 months

The Reserve Bank of India has extended the date to exchange pre-2005 bank notes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015. Soliciting cooperation in withdrawing these bank notes from circulation, the RBI has urged people t...

June 25, 2015 8:54 PM

Significant improvement in macro-economic environment: RBI

The Reserve Bank of India said today that there has been a significant improvement in the macro-economic environment, and going forward, economic performance is expected to be better. In a six-monthly Financial Stability Report released by RBI said that the strong macroeconomic fundamentals offer In...

June 25, 2015 9:00 AM

India leads FDI in South Asia with 34 billion investment in 2014: Report

India leads regional inflow of Foreign Direct Investment (FDI) in South Asia accounting for 34 billion US dollars during 2014. According to United Nations Conference on Trade and Development, UNCTAD, the upward trend is likely to continue this year also. The report placed China as the world&apos...

June 24, 2015 8:35 AM

Retail investors can counter-balance foreigners: SEBI

After announcing a slew of reforms in capital markets today, SEBI Chairman U K Sinha said retail investors are entering the markets in a big way. Speaking to reporters in Mumbai, Mr. Sinha said retail investors can act as an effective 'counter-balance' to foreign investors. Indian ...

June 24, 2015 8:19 AM

Tomar to inaugurate 4th India Minerals & Metals Forum 2015

Steel and Mines Minister Narendra Singh Tomar will inaugurate the 4th India Minerals and Metals Forum 2015 in New Delhi today. An official release said, the resurgence in domestic economic growth will increase the metal consumption. It said, the formation of new stable government at the Centre has r...

June 24, 2015 7:43 AM

Sebi relaxes listing and fund-raising norms for start-ups

Capital markets regulator Securities and Exchange Board of India, SEBI has allowed startups to list and raise funds with an easier set of norms within India. Announcing the reforms, SEBI Chairman U K Sinha told reporters in Mumbai yesterday that the new start-up listing norms are aimed at encouragin...

June 24, 2015 6:51 AM

SEBI makes IPOs cheque-free; unveils start-up listing norms

Capital markets regulator Securities and Exchange Board of India, SEBI has allowed startups to list and raise funds with an easier set of norms within India, while it made investments cheque-free for all IPOs. Besides, the regulator also fast-tracked the process of raising funds for companies throug...

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