Yes Bank may infuse fresh capital soon 4 PE players part of consortium
Jul 16, 2019
Four private equity investors are reportedly part of the deal, two of whom are US-based and the other two domestic.
Yes Bank’s bid for fresh capital infusion via the equity investor route may soon materialise, The Economic Times reports. Sources told the newspaper that a US-based private equity investor made an offer to acquire a $850 million stake in the bank, ...... >> More
An Overview of Land acquisition laws in India
May 21, 2015
In a country economic and industrial growth often require central as well as state action. For the growth of infrastructure, it is essential that land be acquired at times from non-government sources. India even after 60 plus years of independence was following a 120 years old piece of legislation on the subject. However, abject that may sound; it was a scenario which finally saw change in Septemb...... >> More
How NRIs Can Make Use of Recurring Deposits?
Jan 17, 2015
Recurring deposits for NRIs is often not looked upon as a viable option as an investment. People of Indian origin living abroad are always looking to make contributions in their mother land for mutual benefit. However, many often say that they are not very lucrative. While various investment options come with their own pros and cons, both NRE recurring deposits and NRO are still very advantageous....... >> More
GDP growth to slow to 5.1%, but no rate cuts needed
Jan 03, 2015
GDP is quite simply the gross domestic product of the economy in a certain period which could be annual or quarterly. Slow economic growth is direct conclusion drawn from the GDP growth being low. In the July to September or second quarter of the fiscal year 2014-15, growth or GDP in India was expected to regress to 5.1% as compared to the same period in the year before.
Some experts believe th...... >> More
Sensex ends positive inspite volatile trade
Dec 09, 2014
The BSE SENSEX or more popularly the SENSEX or the BSE 30 is an index which measures the performance of the state of the Indian industrial economy based on the performance of the 30 most actively traded stocks. These shares belong to a group of companies which are considered benchmarks for the industry based on past financial performance and soundness. The economy witnessed a lot of volatile tradi...... >> More
A slew of initiatives for SAARC countries announced by the Indian Prime Minister
Dec 01, 2014
In the 18th SAARC summit recently held in Kathmandu over two days – the 26th and the 27th of November, 2014 – saw the outlining of a number of key initiatives by the leader of the world’s largest democracy. The Indian political scenario saw a change earlier this year with a change in leadership with a new government getting formed. India for some time now has been the most key me...... >> More
Smartphone shipments to hit $300 billion in 2014
Nov 28, 2014
The IDC smart phone sales data shows that the sales of cellular phones which belong to this genre are slated for big things in 2014. In quarter – 2 alone of this year the global market for smart phones saw extensive development with 301.3 million shipments in quarter – 2 shattering the record for highest sales in units for a single quarter.
Worldwide smart phone shipments incr...... >> More
SBI Ruling The Roost in Mobile Banking
Sep 19, 2014
Mobile banking has hit the Indian scene in a big way with affordable smart phones no longer a thing of the past. Something worth noting in all of this is that the largest domestic lender, SBI or State Bank of India is taking home all the laurels as well as the business with about half of the market share in the segment.
The bit of statistic being referred is based on transactions on mobile device...... >> More
Swachh Bharat Mission: Finance Ministry seeks Public Sector Bank Participation
Sep 16, 2014
A number of governments for a while now have kept on making promises of a revolution in country wide sanitation. However, the due focus needed for this cause came earlier this year when the premier of the world’s largest democracy spoke on the issue. The fact that he hammered upon it from the red fort ramparts on Independence Day made it all the more significant.
The idea is that all scho...... >> More
Gold and Oil Fall Globally to Give India Multi Dimensional Benefits
Sep 16, 2014
India hopes to get multiple advantages as a result of the fall in prices of gold and oil globally. While gold prices at a seven month bottom most, oil prices are reeling around the $100 mark. While this is cause for the OPEC (Organization of the Petroleum Exporting Countries) nations, china and India are smiling.
The fall in oil prices is owing to over supply against cowed demand. In a re...... >> More