LVB resolution: RBI delays final merger scheme to next week

The Reserve Bank did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated earlier and is likely to do so only next week, according to a central......

More gainers than losers in India Inc from Budget

Image: It’s time to take off for India Inc. Photograph: Reuters     Even as the markets initially reacted negatively due to lack of ‘Big Bang’ measures and as they......

Navi Mumbai Airport: Bid deadline extended to Sep 2

After the Civil Aviation Ministry recently approved the revised tender document for the proposed Navi Mumbai airport, the nodal implementing agency Cidco has extended the deadline to submit......

Those who were left out can apply for new bank licence: Rajan

Reserve Bank governor Raghuram Rajan on Friday defended handing out just two licences out of the 25 banking applicants saying the selection panel felt that some of them were better placed to serve......