The other proposals before the FIPB include Holcim (India) Pvt Ltd, O-zone Networks Pvt Ltd and Turner General Entertainment Networks.<br />
Since the beginning of the year, foreign investors have made a net investment of over Rs 2 lakh crore ($33 billion) into the country's securities market.
The upgrade in the outlook comes at a time when banks in the country are looking at raising money from abroad, especially for the new instrument of tier-I bonds under the Basel-III capital framework
Chauhan said stock exchanges can be important in helping "India create 1-1.5 trillion dollars investments into productive sectors and help create jobs"
As in the case of any scams that involves huge losses to the exchequer, the real loser is the taxpayer, the common man.
Almost all banks including country's largest lender State Bank of India and private sector ICICI Bank have lent to power plants that were put up based on coal from 214 coal blocks alloted since 1993.<br />
Ahead of the announcement, SBI shares closed 2.7 percent down at 2,486.35 rupees, underperforming a 0.2 percent fall in the Nifty.<br />
The implications range from the likely pressure on bank loans , the fate of the investments already gone into about 35 projects that have production, the tremors in the stock markets
Officials at our public sector banks are no less competent than their counterparts in private or foreign banks. The key differences relate to pay and accountability.
The IFC launched a maiden, $1-billion, offshore, rupee-linked bond programme last year to raise money for private infrastructure projects in India.
Moody's has flagged the fact that India's state-run banks barely manage to meet the minimum capital requirements. And here's what the government needs to do to solve the problem.
The existing account holder need not open another bank account to avail of benefits under Pradhan Mantri Jan Dhan Yojana
Banks that embrace mobile technology are well positioned to tap into the new market of the unbanked and underbanked.
Chitra Ramkrishna, the MD and CEO of the National Stock Exchange (NSE) is in China seeking investors to invest in Indian stocks.
CBI today arrested two stock brokers for allegedly being involved in misappropriation of funds of scam-hit Artha Tatwa (AT) group
The central bank's concern makes sense in a country that has been desperately fighting to bring back black money stashed in tax havens abroad.
IMF said India needs to take more steps to reduce stubbornly high inflation and the large fiscal deficit.
SBI expects the user base to grow and reach around 10-12 percent of the total retail customer base within two years and up to 35 percent within three-to-five years.<br />
Tayal group companies are currently being restructured under the corporate debt restructuring mechanism
The government cannot be in the business of banking, and should, instead focus on only governance
United Bank of India had declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as wilful defaulter citing alleged diversion of funds.
The fate of large quantum of loans now heavily depend on how soon the economy recovers from the ills of a prolonged slowdown
India's wholesale price inflation (WPI) for the month of August fell to 3.74 percent, its lowest level in nearly five years.<br />
Banks are the main source of funding for infrastructure projects and that will increase as the economy regains its lost momentum, Rajan said.<br />
Each fund scheme will have to separately comply with client level restrictions on the instrument, the Securities and Exchange Board of India (SEBI) said.<br />
Indian companies had raised $2.31 billion from the foreign markets in the corresponding month a year ago in 2013.<br />
He also said that while it was fine for the government to involve banks to further the social sector agenda, it should ensure that such schemes should be financially feasible for the lenders.<br />
Rai's warning must be taken with the much needed importance by the regulator, so as to begin a corrective course
Sebi Chairman U K Sinha said the state governments have immense powers, if utilised well, to bring to book ponzi entities.
In 2010, the then Cabinet had approved a proposal to keep the minimum shareholding of government to 58 per cent in the public sector banks in order to provide buffer for the future.<br />