Press Trust of India | Last Updated: September 02, 2015 20:48 (IST)
The plan, a collective vision of the government and industry, also aims to propel the Indian auto sector "to be the engine of 'Make in India' programme, potentially contributing in excess of 12 per cent of the country's GDP.
Thomson Reuters | Last Updated: September 02, 2015 16:10 (IST)
To take advantage of this growth, local firms such as IIFL Wealth Management and Kotak Wealth Management, which have long dominated the industry, said they plan to add more branches and bankers within months.
Reported by Shweta Rajpal Kohli with Agencies | Last Updated: September 02, 2015 13:30 (IST)
The government expects private companies to boost output from the areas that hold resources of more than $10 billion.
NDTV | Last Updated: September 02, 2015 11:40 (IST)
In good news for engineering students across the country, IT giants Tata Consultancy Services (TCS) and Cognizant Technology Solutions (CTS) have upped fresher salaries for first time in many years, according to media reports. Entry-level employees hired from engineering campuses will get 10-12 per cent higher salaries that last year, reports said.
Press Trust of India | Last Updated: September 01, 2015 17:07 (IST)
Besides, the agency has cut its India real GDP growth forecasts to 7.8 per cent for FY16 from 8 per cent, and to 8.1 per cent for FY17 from 8.3 per cent.
Thomson Reuters | Last Updated: August 31, 2015 20:33 (IST)
In compiling Monday's list, the RBI had said banks larger than 2 per cent of India's economy would be selected, but it also considered factors beyond size, including complexity, interconnectedness, international links and the institutions' ability to be replaced.
Thomson Reuters | Last Updated: August 31, 2015 17:19 (IST)
The non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, affects at least 15 banks, the sources said on condition of anonymity because the information isn't public.
Press Trust of India | Last Updated: August 31, 2015 17:16 (IST)
The government increased its recapitalisation commitment for this year to Rs 25,000 crore from the budgeted Rs 7,900 crore, and has also affirmed its commitment to allocate Rs 70,000 crore over the next three years to 27 state-run banks.
Press Trust of India | Last Updated: August 30, 2015 17:01 (IST)
Highlighting the challenges faced by entrepreneurs in the country, Nasscom president R Chandrasekhar said while there is an interest of central and state governments in promoting startups, regulatory hurdles like multiple clearances and permissions required to set up a business act as a stumbling block.
Press Trust of India | Last Updated: August 30, 2015 16:19 (IST)
The services sector -- which includes banking, insurance, outsourcing, R&D, courier and technology testing - had received a foreign direct investment (FDI) of worth $738 million (Rs 4,421 crore) during April-June 2014, Department of Industrial Policy and Promotion (DIPP) data showed.
Press Trust of India | Last Updated: August 30, 2015 16:04 (IST)
According to the tax and advisory firm, there were 110 PE deals worth $2.15 billion in July this year as against 55 transactions worth $1.85 billion in the year-ago period.
Press Trust of India | Last Updated: August 29, 2015 19:48 (IST)
He, however, cautioned that the industry should gear up to strengthen the core areas such as clinical development and research capabilities.
Press Trust of India | Last Updated: August 29, 2015 18:03 (IST)
Neyveli Lignite Corporation (NLC) will soon commission the second 500 MW unit of its joint venture power plant at Tuticorin.
Press Trust of India | Last Updated: August 29, 2015 15:48 (IST)
The approval by the US FDA for Raloxifene Hydrochloride tablets is for strength of 60 mg, which is bio and therapeutically equivalent to the reference listed drug product (RLD) Evista, 60 mg of Eli Lilly, the company said in a statement.
Thomson Reuters | Last Updated: August 28, 2015 22:46 (IST)
A second oil price rout of 2015 has forced Arab OPEC (Organization of Petroleum Exporting Countries) members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.
Thomson Reuters | Last Updated: August 28, 2015 22:01 (IST)
US crude jumped 6 per cent on Friday as a rally in gasoline prices and air raids in Yemen prompted traders to scramble for a second day to cover short positions, while market players also kept an eye on a storm that appeared to be approaching the oil-rich US Gulf.
Press Trust of India | Last Updated: August 28, 2015 21:41 (IST)
Anil Ambani-led Reliance Group plans to set up a green field aerospace project with a capital investment of over Rs 6,500 crore in 289 acres of land in Mihan Special Economic Zone here.