NATIONAL RBI relaxes norms on banks foray into insurance sector
Mumbai: Reserve Bank of India (RBI) has said that banks need not obtain its prior approval for engaging in insurance agency business or referral arrangement without any risk participation, subject to certain conditions.
Govt decision to block ECBs may affect RIL plans
New Delhi: Government has decided to "discourage" all external commercial borrowings (ECB) above $ 100 million, a move that can affect Reliance Industries' (RIL) plans to raise $ 500 million from overseas
markets.
Govt to consider outsourcing probe of more companies
New Delhi: Government said on September 24 it would consider outsourcing investigations of more companies after it evaluates the first two such probes of Modi Xerox and Flex Industries.
India to extend 500 million dollar loan to IMF
Kolkata: India, set to emerge as a lending country, may extend a $ 500 million loan to the International Monetary Fund (IMF) for funding the requirements of other developing countries.
SENSEX spurts by 124.70 pts on hectic buying
Mumbai: On the back of a sharp overnight rally, share values spurted across the spectrum on hectic all-round buying, particularly from foreign funds, sending the SENSEX surging by a whopping 124.70 points
to close at 4356.39 at the Bombay Stock Exchange on September 24.
SENSEX moves irregularly in morning trading
Mumbai: After a sharp rebound of about 80 points, the SENSEX opened firm and later moved irregularly in line with a fresh rally in select blue-chip counters during morning trading on the Bombay Stock Exchange (BSE) on September 24 on sustained buying support from investors.
NASSCOM wants H1-B visa cap pegged at 130,000
New Delhi: As the United States plans to reduce the number of H1-B visas to 65,000 from 195,000, India's apex body National Association of Software and Service Companies (NASSCOM) sought to cap it between 120,000 and 130,000 per annum.
Link CEO's pay to company's performance: Murthy
New Delhi: Infosys chairman N R Narayana Murthy said on September 23 that fairness, transparency and accountability should decide the "compensation" of chief executive officers with a variable component to alter it according to the fortunes of the company.
INTERNATIONAL IMF, WB to seek India's views on fresh WTO talks
Dubai: The World Bank and the IMF (International Monetary Fund) on September 24 said they would ask governments including India for their views on how to carry forward multilateral trade talks after the collapse of the Cancun summit in Mexico.
World Bank proposes to double its funding to India
Dubai: The World Bank proposes to double its funding to India from the present annual level of $ 1.9 billion in the next four years to hasten infrastructure, rural and social development.
