Vodafone India opens its Rs 25,000-cr rights issue on April 10

Vodafone Idea’s ₹25,000-crore rights issue, the largest in the country, will open for existing subscribers on Wednesday, even as the telecom service provider is readying to monetise its tower and... Read more »

EC asked to probe black money information: Revenue Secretary

In the midst of the ongoing raids on Madhya Pradesh Chief Minister Kamal Nath’s aides and kin days ahead of general elections, Revenue Secretary AB Pandey has asked the Election Commission to ‘confidentially pass on... Read more »

Exim Bank credits USD 30 million and USD 150 million to the government of the Republic of Ghana

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended two Lines of Credit [LOCs] of USD 30 million for Rehabilitation and Upgradation of... Read more »

BJP promises to simplify GST and make India a $5 trillion economy by 2025

The BJP’s manifesto promises a lot for the Indian economy and business. The BJP has new things on its agenda now. It has said it would simplify GST and... Read more »

Vijay Mallya’s appeal against extradition denied by UK High Court

A UK High Court judge has denied former liquor tycoon Vijay Mallya permission to appeal against his extradition order to India, with alleged fraud and money laundering charges amounting... Read more »

Lakshmi Vijaya Bank to merge with Indiabulls Housing Finance, RBI yet to give an approval

Lakshmi Vilas Bank-Indiabulls Housing Finance merger has been approved by Board.  The proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance will create a much stronger entity. The... Read more »

India shares a list of 380 products with China to bridge trade gaps in exports

India has shared a list of 380 products including horticulture, textiles, chemicals and pharmaceuticals with China as their shipments hold huge export potential in the neighbouring country, an official... Read more »

Fitch Ratings gives India a ‘BBB-‘ with stable outlook

Global rating agency Fitch Ratings on Thursday kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ with a stable outlook. This is the 13th year in... Read more »

RBI cuts rate for second time in a row

The Monetary Policy Committee (MPC) held its first bi-monthly policy statement meeting today. The meeting discussed various current and impending macroeconomics situations. The committee decided to reduce the policy repo rate... Read more »

SC repeals RBI’s 12 February circular, defaulters will now brought to NCLT on case by case basis

  The Supreme Court (SC) on Tuesday repealed the RBI’s 12 February circular, which laid down rules for recognising one-day defaults by large corporates and initiating insolvency action as... Read more »