India to host 4th business conference with Arab League

The two-day conference comes against the backdrop of the first senior officials meeting between India and the 22-member league

New Delhi: Commerce Minister Nirmala Sitharaman will inaugurate the 4th India-Arab conference here on Wednesday to advance ties with a region so crucial for the country’s energy security besides accounting for some $200 billion worth of bilateral merchandise trade. The two-day conference comes against the backdrop of the first senior officials More...

by IANS | Published 6 hours ago
The reserves had fell by $778.4 million to $315.13 billion for the week ended November 7
By IANS On Saturday, November 22nd, 2014
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India’s forex up $419 mn

Mumbai: India’s foreign exchange reserves grew by $419.4 million to $315.55 billion for the week ended November 14, Reserve Bank of India (RBI) data showed. The reserves had fell by $778.4 million to $315.13 More...

The said concession agreement was wrongfully repudiated by GoM and MACL and on November 29, 2012
By IANS On Friday, November 21st, 2014
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GMR claims $803 mn from Maldives for terminating airport deal

Hyderabad: GMR Male International Airport Private Limited (GMIAL), a subsidiary of India’s infrastructure major GMR Infrastructure Limited (GMR), has claimed $803 million (Rs 4,987 crore) in damages from the More...

The market value of the merged entity is estimated to be a whopping Rs.1 trillion (Rs 1 lakh crore)
By IANS On Thursday, November 20th, 2014
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Kotak Mahindra Bank, ING Vysya announce merger

Mumbai: Leading mid-size banks Kotak Mahindra Bank (KMB) and ING Vysya Bank Ltd on Thursday announced a merger in an all-stock deal to become the fourth largest private bank in the country after ICICI Bank, HDFC More...

What proactive steps to be taken to ensure NPAs come down have been discussed
By IANS On Thursday, November 20th, 2014
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Be proactive in credit support: Jaitley to PSU banks

New Delhi: Finance Ministry Arun Jaitley on Thursday told public sector banks to be proactive in credit support to projects expressing the hope that their level of bad debts would reduce as the economy picks up. What More...

Sikka hoped the company's back office operations would become an exemplar on how business processes should be run under the leadership of Uppadhayay and Bhalla
By Indileak Web Desk On Wednesday, November 19th, 2014
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Infosys names new CEO, CFO for BPO arm

Bengaluru: Global software major Infosys Ltd has appointed Anup Uppadhayay the new chief executive officer (CEO) and Deepak Bhalla the new chief financial officer (CFO) of its (business processing outsourcing (BPO) More...

There is an urgent need to raise savings in the country
By IANS On Tuesday, November 18th, 2014
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Kisan Vikas Patra relaunched to wean poor off Ponzi schemes

New Delhi: With a view to raising the rate of domestic savings that are in decline, the government on Tuesday re-launched the Kisan Vikas Patra (KVP) investment scheme designed to target the country’s poor. There More...

The panel has been asked to give its report on the last day of the first week of the session
By IANS On Monday, November 17th, 2014
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RBI rate cut now will boost economy: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Monday said that if the Reserve Bank of India moved to lower the cost of capital by cutting interest rates at this juncture of cooling inflation, it would provide a “good More...

IndiGo also announced the launch of first time ever ‘family fares’
By Indileak Web Desk On Monday, November 17th, 2014
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IndiGo flights to six new destinations

New Delhi: Budget airlines Indigo on Monday launched six new non-stop flights connecting Delhi, Coimbatore, Kolkata and Chennai. IndiGo also announced the launch of first time ever ‘family fares’ “2014 has More...

JSW Energy said: “The acquisition will yield immediate cash flow and is expected to enhance JSW Energy’s consolidated profitability
By Indileak Web Desk On Sunday, November 16th, 2014
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JSW Energy buys JPVL’s Himachal hydro projects

New Delhi:  Jaiprakash Power Ventures Ltd (JPVL) on Sunday said it has signed an agreement with Jindal Group vertical JSW Energy for sale of two hydro-electric projects in Himachal Pradesh for about Rs 9,700 crore. JSW More...