In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.
Reserve Bank of India (RBI) Governor D Subbarao, often criticised for being "behind the curve", took market players and his critics by surprise.
Scott Price is learnt to have conveyed to Sharma that Walmart remained committed to the India market.
The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
India's top private banks might soon exit from the gold coin business.
The sharp fall in rupee since the beginning of May will make things difficult for the central bank which is on the path of easing the monetary policy to revive growth.
Application deadline may be extended but no leeway on priority-sector targets.
An official said next week, the Department of Industrial Policy and Promotion was likely to issue clarifications sought by the sector on the government's multi-brand retail policy.
DEA objects to the company's 29 Indian stores having sub-brands as a rule violation; DIPP doesn't agree.
Patience has kept IKEA, the euro 27-billion Swedish retailer, going despite entry hurdles. So says Juvencio Maeztu, its chief executive officer for India.
Patience has kept IKEA, the euro 27-billion Swedish retailer, going despite entry hurdles. So says Juvencio Maeztu, its chief executive officer for India.
FDI policy for multi-brand retail has been a sore point for the retail chain.
Retailers can buy existing facilities if they spend $50 mn to create additional infra.
RBI Governor D Subbarao says banks' response to RBI's monetary intervention is asymmetric.
Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity
Officina Farmaceutica Italiana mainly deals in large-scale contract manufacturing for cosmetics and drug majors
Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 basis points.
Most major corporate houses, such as the Tata group, Birla group and Reliance Industries, besides non-banking financial companies like L&T Finance, M&M Financial Services and the Shriram group, are said to be interested in setting up new banks.
The public-sector lenders were yet to get a formal proposal on sale from HSBC.
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