RBI finalises peer to peer lending norms; likely in 2-3 wks
The Reserve Bank of India (RBI) has finalised norms for peer-to-peer (P2P) lending platforms and is expected to release final guidelines in 2-3 weeks, a top finance ministry official said. According to the official, the finance ministry has given its comments to the central bank and the latter is giving...
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Midea to invest Rs800 cr for new manufacturing plant in Pune
30 June 2017 | Rakesh Bihari Jha -
Indians' money in Swiss banks hit record low of 676 mn francs
30 June 2017 | PTI -
ICAI revises CA curriculum, takes lead in GST rollout
30 June 2017 | Arnabjit Sur -
1.6 lakh new businesses register on GSTN in 4 days
30 June 2017 | PTI -
Niti chief rubbishes jobless growth criticism as bogus
30 June 2017 | PTI -
No change in growth and investment plans in India, feels Uber
30 June 2017 | PTI -
'Reviewed FTP to be released in Sep'
30 June 2017 | PTI
Steps on to achieve 300 MT steel output, says Birender Singh
After bringing in two policies to boost the domestic steel sector, a slew of steps are on to achieve the target of 300 million tonnes (MT) of output, Steel Minister Choudhary Birender Singh said on Thursday. Urging steel producers to come forward to achieve the ambitious target, the minister also...
Sensex logs first gain in four days
The BSE benchmark Sensex snapped its 3-day losing streak by recovering 23 points to close at 30,857.32 on short-covering from operators on June series F&O expiry coupled with caution ahead of GST rollout. The gauge, after a strong opening, quickly reclaimed the 31,000-mark to hit a high of 31,097.92 as investors...
Thomas Cook India buys Kuoni's destination management network
Travel services provider Thomas Cook India Group has completed acquisition of a significant part of Kuoni’s global destination management specialists for an undisclosed amount. With the acquisition, Thomas Cook’s travel business network has added 17 new countries, increasing its footprint to cover 21 countries, the company said. in a statement....
Telecom M&As good for tower biz in long-run: Bharti Infra
Bharti Infratel has said that telecom consolidation, particularly the Vodafone-Idea merger, will lead to short-term rationalisation in tenancies. But the independent tower company of the Bharti Group is of the view that few strong and willing participants are ‘good’ for the tower industry in the long run. “As far as tower...
FDI proposals to be okayed by 8-10 wks
The Government will clear all FDI proposals requiring approval within a maximum of 10 weeks after the receipt of an application as per the standard operation procedure which replaces FIPB. The move is aimed at improving investment climate of the country. The new mechanism will replace the Foreign Investment Promotion...
India's solar power capacity to be 22 GW by March, says Goyal
India’s solar power generation capacity would nearly double to 22 GW by the end of current fiscal and more wind power auctions would be conducted in the coming months, Power Minister Piyush Goyal said on Thursday. India has set ambitious target of having 100 GW of solar energy and 60...
Iraq captures historic Mosul mosque
Iraqi forces on Thursday captured the compound of a landmark mosque in Mosul that was blown up last week by the ISIS group — a hugely symbolic site from where the top ISIS leader declared an Islamic “caliphate” nearly three years ago. The advance comes as the Iraqi troops are pushing...
