Maruti plans to increase its presence in rural areas by over 20%

Betting big on the rural market, the country's largest car maker, Maruti Suzuki India plans to increase its penetration in rural areas by over 20 per cent, and establish a presence in 1.5 lakh villages.Maruti Suzuki's rural sales had increased 23 per cent, to 4.15 lakh units in the...

Delhi International Airport Limited, DIAL has bagged the prestigious Golden Peacock National Quality Award for the year 2015.The award will be presented to DIAL by the UAE Minister for culture, youth and development Sheikh Nahyan bin Mubarak Al Nahyan at a specially organized presentation ceremony t...

At least five stock brokers have come under regulatory scanner for siphoning off securities and funds worth over Rs. 500 crore from investor accounts for personal gains to foreign locations, including Switzerland and Singapore, as also for private ventures. All the five brokers are based in the nati...

RBI relaxes KYC norms for Non-Banking Financial Companies

The Reserve Bank of India has relaxed the Know Your Customer norms and allowed sole proprietor firms to open accounts in co-operative banks by submitting a single proof of their business. Earlier, they were required to submit two such documents.The Apex bank in a communication to urban, state and ce...

US prosecutors oppose Rajat Gupta's plea to reverse his conviction<br/>

US prosecutors have opposed India-born ex-Goldman Sachs Director Rajat Gupta&apos;s plea to reverse his conviction. Gupta was convicted on insider trading charges in 2012 and serving a two-year prison term. He was also fined five million dollars. Gupta is seeking to set aside his conviction, bas...

RBI Guv cautions banks against excessive lending to infra sector

Sri Lanka orders a review of 35 investment projects most of them awarded to Chinese firms

Sri Lanka ordered a review of 35 investment projects Friday, most of them awarded to Chinese firms by the previous administration, suggesting ties remain fragile despite Beijing&apos;s attempts to assuage concerns. China has pledged one billion dollar in new grant money to Sri Lanka to address c...

US Government would support selling General Atomics' electro-magnetic launching system to India

The US Government would support selling General Atomics&apos; electro-magnetic launching system for aircraft carriers and other key technologies to India, the Pentagon&apos;s chief weapons buyer told Reuters Friday. Defence Under-secretary Frank Kendall, who heads a joint US-India defence tr...

Govt making all-out effort to restore credibility of economy: Jaitely

Union Finance Minister Arun Jaitley today said that the government is making an all-out effort to restore the credibility of Indian economy. Speaking at the 80th anniversary celebrations of Reserve Bank in Mumbai, Mr. Jaitley said the government is easing various processes and procedures to attract ...

RBI Guv cautions banks against excessive lending to infra sector