IDBI will finalise on Thursday the scheme for merging with itself its private banking arm IDBI Bank.
The finance ministry is believed to have finalised the merger of Kolkata-based Industrial Investment Bank of India with Industrial Development Bank of India
The export volume of China's information technology products is expected to reach 200 billion this year, China's ministry of information industry said on Friday.
The employees associations of Industrial Finance Corporation of India have requested the government to merge it with a strong bank or financial institution.
The Nitish Kumar government has worked hard to help change the perception about Bihar by improving law and order situation and usher in development on several fronts, Assocham Secretary General D S Rawat told reporters.
Parliament on Monday approved the Industrial Development Bank of India Repeal Bill to enable its conversion into a universal bank
The West Bengal government has decided to close down five ailing subsidiaries of West Bengal Electronics Industry Development Corporation Ltd, the nodal agency to promote electronics industry in the state.
One Bharatiya Kisan Union activist was killed while 22 others, including 13 policemen, were injured in the clash.
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 practice of granting corporate governance (CG) rating and bestowing CG awards should be kept "on hold" till a large number of Indian corporates imbibe these norms in substance, IDBI chairman M Damodaran said on Wednesday.
As per the norms, sanction for prosecution has to be decided within four months time of the CBI seeking such a permission.
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
IDBI bank is to be merged with Industrial Development Bank of India in the ratio of 142:100 (every 142 shares of bank for 100 shares of IDBI), with the government holding a majority stake in the merged entity.
The Small Industries Development Bank of India will shortly launch a Rs 500 crore venture capital fund for small companies
Global lubricants major Fuchs would invest about $2 million in its operations in India which it sees as a 'thrust market'.
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