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RBI = Rajan’s Bold Initiative

Raghuram Rajan, the new governor of the Reserve Bank of India (RBI), today kick-started the next phase of reforms in the banking sector by allowing banks to open branches anywhere in the country without having to seek prior approval from the central bank....   | Read..
 

Freedom of swap to bolster forex kitty

Banks can now swap dollar funds they raise through their foreign currency non-resident FCNR (B) accounts....   | Read..
 

New boss reads the riot act to defaulters

Big borrowers who renege on their loan repayments had better watch out....   | Read..
 

Sensex resumes forward march

The Sensex today soared 333 points as investors picked up shares on improved sentiments following a smart recovery by the rupee....   | Read..
 

Car investment plans on course

Car makers are pressing on with their investment plans, banking on launches and exports, which benefit from a falling rupee, to overcome a sales slump. ...   | Read..
 
Praful Patel in New Delhi on Wednesday. (PTI)
Car investment plans on course


 Press Releases
 

Cushman novel buy

International property consultancy Cushman & Wakefield (C&W) has acquired the team of homegrown firm Lemongrass ...   | Read..
 
 
Briefs

Briefs

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Bengal tax kitty swells

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Drug duty

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MF outflow

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Asset buy fund

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Steel capacity

 
 
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