Finance Minister P Chidambaram is slated to meet bankers on November 18, to review performance of PSU banks and discuss ways of augmenting their capital by Rs 60,000 crore (Rs 600 billion) in the next 5-6 years.
Anil Khandelwal, Chairman of Bank of Baroda, expects a 25% credit growth in FY07. He says that BoB did not bid for UWB due to their existing presence in Maharashtra. He adds that the UWB branches will give IDBI good reach and size.
Foreign venture capital worth $1.5-$2 billion and another Rs 10,000 crore (Rs 100 billion) from Sidbi's SSI Fund are expected to bolster small companies in the country this year, according to industry experts.
The National Association of Software and Service Companies is planning to set up a consultative panel comprising immigration experts from abroad to advise its small and medium enterprises (SMEs) members on visa issues.
The Small Industries Development Bank of India will shortly launch a Rs 500 crore venture capital fund for small companies
A social stock exchange, broadly, is understood to be a platform that allows investors to buy shares, bonds or units in a social enterprise that has been vetted by the exchange. These allow firms operating in sectors such as health, environment and transportation to raise risk capital.
'If Urjit Patel had resigned after the five-state elections results people would have taken a different view. So this was the right time for him to resign.' 'He rightly resigned as he felt the differences with the government were not getting settled.'
Under Sebi guidelines, AIFs can operate broadly in three categories.
Following the demonetisation move, the recast in direct tax moves is expected to give a boost the economy.
According to a survey by community platform LocalCircles, early-stage start-ups, funding dependent start-ups and many small businesses will soon be fighting for survival as the spurt in coronavirus cases hits them hard.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
According to SBI executives, the aim is to do things efficiently with an eye on profitability, and get a feedback on areas, including which business to enter and which to exit.
The sops being given to the IT firms in metro cities should be extended to companies in tier 2 and 3 cities as it will generate greater employment opportunities and boost growth, industry body Nasscom has said.
Barely 10% of small businesses are in a GST-ready position, say experts
E-commerce major Flipkart on Monday said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year.
The suggestion is made by BSE in a letter to the Finance Minister.
And why markets could give up 25 per cent of all these gains made since March 2020
Manish Sabharwal tackles 5 criticisms of demonetisation.
If Walmart is spinning success stories of Indian manufacturers in global markets, Amazon is taking 'Make in India' to the world, bolstered by its 'Global Selling Programme'
Rooms at this Kolkata hotel are priced between Rs 7,000-8,000 per night. Gateway is a full-service upscale hospitality brand under the Taj Group of Hotels.
BMS, a union affiliated to RSS, plans rally at Delhi's Ramlila Ground on Nov 17; SJM to protest on Oct 29.
Ranju Sarkar finds out more about Nowfloats, the start-up that is used by 240,000 businesses that reach 13 million consumers.
As the 50-day deadline for completion of demonetisation process draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue even in the New Year so as to maintain orderly working at the banks.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
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India's trade deficit widened to $20.1 billion in May because of high gold imports while exports declined by over a per cent, raising concerns about economic recovery.
M R Venkatesh, chartered accountant turned political commentator tells Shobha Warrier/Rediff.com that Modi's war is not against the opposition parties or the Congress but against the bureaucracy and the establishment.
India moving in right direction on GST, says Panagariya.
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
'Make in India'presents a huge opportunity for jobs.
The prime minister's sop is expected to give a massive boost to priority-sector housing loans, thereby pulling the entire housing loan portfolio of banks.
BSE is world's largest exchange in terms of listed companies and figures among top 10 globally on various other parameters.
Listed entities would have to co-operate with intermediaries registered with Sebi such as debenture trustees and credit rating agencies
Tata Steel has warned its suppliers that if they do not slash prices by up to 30 per cent in the long term then they risk losing the steel giant's business.
The move will have cascading effects for lot of related sectors
A look at the top tweets from your favourite Bollywood celebrities.
Bubbles can inflate indefinitely and also burst, with deep corrections, warns Devangshu Datta.
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