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FDI in manufacturing of tobacco products prohibited: Reserve Bank of India

Jul 03, 2015

FDI in manufacturing of tobacco products prohibited: Reserve Bank of India

Reserve Bank on Friday said the Foreign Direct Investment (FDI) in manufacturing of tobacoo products is prohibited #Reserve Bank of India #NewsTracker #FDI #Tobacco #Department of Industrial Policy & Promotion #Cigars
With an eye on Greece decision, Sensex gains 147 points to end above 28,000

Jul 03, 2015

With an eye on Greece decision, Sensex gains 147 points to end above 28,000

Market breadth ended positive as 1,526 stocks advanced against 1,439 declines on BSE. #Sensex #TCS #Bajaj Auto #NTPC #HDFC Bank #Lupin #MarketClose
Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jul 03, 2015

Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jaitley should hurry on legislating a bankruptcy law; it is critical for the recovery of bank loans in many similar cases #RBI #finance ministry #Vijay Mallya #Loan recovery #Bankruptcy law #Zoom Developers #wilful defaulter #Bank NPAs #Vijay Choudhary
Rs 2,200 cr loan fraud: ED attaches Zoom Developers' Rs 1000 cr worth land in US

Jul 03, 2015

Rs 2,200 cr loan fraud: ED attaches Zoom Developers' Rs 1000 cr worth land in US

Last month, one of the directors of the company, Sharad Kabra, was arrested by the Indore ED #ED #Vijay Chaudhary #Zoom Developers #bank loan fraud #Sharad Cabra
BankBazaar.com raises Rs 375 cr in fresh funding round

Jul 02, 2015

BankBazaar.com raises Rs 375 cr in fresh funding round

The company, which offers online loans and credit cards, also plans to launch other personal finance products to help consumers clinch the best deals. #NewsTracker #Amazon #Sequoia Capital #BankBazaar.com #Fidelity Growth Partners #Mousse Partners #Walden International
PayPal to buy Xoom for $890 mn in cash to expand portfolio

Jul 02, 2015

PayPal to buy Xoom for $890 mn in cash to expand portfolio

The move provides PayPal entry into the profitable and growing remittances market of Xoom in emerging economies of India, China and Brazil, among others. #ICICI Bank #PayPal #Yes Bank #HDFC Bank #Bank of Baroda #Punjab National Bank #Federal Bank #Kotak Mahindra Bank #Union Bank Of India #Digital money transfer #Xoom Corporation #Dan Schulman
No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

Jul 02, 2015

No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

The question that Alexis Tspiras government will have to ask itself is after exiting the euro whether it can actually go slow on austerity and keep spending more drachmas, where there are no corresponding goods being produced. #Economy #IMF #InMyOpinion #European Central Bank #Grexit #Alexis Tspiras
Public bank shares rise up to 6% on hopes govt will infuse more funds

Jul 01, 2015

Public bank shares rise up to 6% on hopes govt will infuse more funds

PSU banking shares rise over 4-5 percent as against 1.2 percent upmove in BSE Bankex #PSU banks #bad loans #BSE Bankex #Jayant Sinha #minister of finance