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Tata Sons, India's biggest business group, and firms controlled by billionaires Anil Ambani and Kumar Mangalam Birla are among the 26 companies that have applied for licences to open banks.
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, tells Puneet Wadhwa that with Moody's upgrading India's sovereign rating and earnings growth coming back, the country will remain a hot destination for foreign investors.
A new generation of scholars -- this time, sociologists and anthropologists, who hitherto have been busy with researching social practices of primitive tribes and social structures like India's caste system -- are starting to cast their eyes on the financial sector.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
If new goals have emerged, this is the time to make fresh investments.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
India has made a remarkable journey from a top-down system of economic decision-making to one that unleashed our entrepreneurial spirits but the next big jump lies in enhancing the quality of our tale.
Asset managers are betting big on ETFs these days.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
'It is a worrying trend as we are not seeing too much fresh capital being raised for new projects, plants, expansion or diversification. It's just private equity or venture capital or promoters cashing out.'
Demonetisation is the biggest reason for the rise in preference for small savings.
'A score of 750 and above is considered to be good, though these cut-offs can vary depending on the type of loan being sanctioned,' points out Arun Ramamurthy.
'We are dealing with a size of the world that equaled England and France combined. We are talking about 250 years of history.' Sultans of Deccan India, 1500-1700: Opulence and Fantasy -- a first of its kind exhibition anywhere in the world -- opened at the Met, April 20. Aseem Chhabra spoke to Navina Haykel, the curator of the show.
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Bandhan Bank to fund SMEs, create jobs, says FM
China's Xiaomi to unveil its first India-made phone on Monday
Budget in the medium term aims to kick-start the investment cycle.
'The biggest lacuna in this agreement is it is called 'full civil nuclear cooperation agreement.' Actually, it is anything but full.'
'It's still very early. I have just been handed over the matter and therefore I haven't formed any views on it as yet,' Justice B N Srikrishna tells Pavan Lall.
Progress on several parameters creates a tipping point situation.
To ensure equal access to health care, the government must consider it in a holistic manner and improve all parameters.
'Over the next two to three years, hiring will come down further.' 'You will see the industry intake of freshers go down to 150,000 from the current 200,000.'
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By the end of 2020, India will lay 32,737 km across the length and breadth of the country. It needs to lay down and comply with strict safety standards especially since some of these pipes will go through areas of dense habitation, says Rashme Sehgal.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
The company also expects to benefit in its proposed banking foray through partnership with Japan's Sumitomo Mitsui Trust Bank and Nippon Life Insurance
'By 2020 around 34% of India's population will be in the 15-34 age group.' 'More than 70% of them live in rural areas.' 'Their energy and enthusiasm need to be tapped in order to meet their aspirations and transform agriculture and the rural economy,' says P K Joshi.
The sector needs to move away from such concepts.
From banking to teaching, the list covers all.
Railway passengers can book their tickets and do shopping using RuPay pre-paid debit cards.
Promoted by conglomerate Mahindra & Mahindra, Autoinspekt, a cloud-based vehicle inspection platform, is fast emerging as a critical tool for used car buyers and sellers.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Fixed deposits can fetch 9-9.5% interest versus 3.5% to be received by Cairn, say institutions.
Dr Manjiri Bakre's OncoStem is revolutionising breast cancer treatment. And has raised $6 million to do more!
Is it time to take a relook at our economic theories? asks Ajit Balakrishnan.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
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