'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The Sensex ended below 28,000 for the second straight day at 27,869.
Investing in special situations can help you tap opportunities that arise during adverse conditions, advises Joydeep Sen.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
'The focus is more on the outlook for global growth'.
V Viswanand, director and head, Products and Persistency Management, Max Life Insurance, will answer your queries in an online chat September 3, between 2 pm and 3 pm.
Pharma major Lupin and mortgage lender HDFC were the top losers.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Criterion for corporates will effectively rule out entry for business houses.
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
Payment banks may not be viable option to attain financial inclusion.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
Indian Ambassador to the United States Dr S Jaishankar told Rediff.com's Aziz Haniffa that it was "a very nice meeting and President Barack Obama was extremely cordial."
'If Indian armed forces entered Pakistan and succeeded in inflicting major damage on the Pakistani army and occupied territory in the Pakistani heartland, there is reason to think the Pakistani military would use some nuclear weapons against the incoming Indian forces to compel India to stop.'
