RBI meet on bank licence

New Delhi, Oct. 6: The RBI will meet industry associations, including the Indian Banks’ Association (IBA) and the CII, tomorrow to discuss the modalities to grant new banking licences to business houses and non-banking finance firms, IBA chief executive K. Ramakrishnan said. Select bankers, led by Bank of Baroda chairman M.D. Mallya, will attend the meet.

SEZ meeting

New Delhi, Oct. 6: An inter-ministerial board on SEZs will meet on October 21 sans any fresh proposal from developers to set up the export-oriented zones. Instead, three developers have knocked the doors of the commerce ministry to surrender their projects.

IMF forecast

Washington, Oct. 6:

ternational Monetary Fund (IMF) has projected that the Indian economy will grow 9.7 per cent in 2010 and 8.4 per cent in the next fiscal driven by robust industrial production and macro-economic performance.

Strides stake

New Delhi, Oct. 6: Strides Arcolab said global financial firms HSBC had picked up a 6.22 per cent stake in the company through institutional placement of shares, possibly for Rs 155 crore.

SpiceJet

New Delhi, Oct. 6: Kalanithi Maran and his KAL Airways have bought 5 per cent equity in SpiceJet for Rs 91.52 crore as part of the deal signed in June to acquire a 37.7 per cent stake in the company.