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Riding pillion! Ola to invest $100 million in start-up Vogo

Fund will help the scooter-sharing company to expand fleet by 100,000, allow it to grow without borrowing

Regulatory rectitude: ‘Capital norms for banks can’t dilute’ – What former CEA Subramanian has to say about PSU mergers

Former CEA Subramanian sees PSU mergers like PFC-REC as signs of ‘state is back’; votes for a separate fiscal council & only-advisory role for RBI board.

Vicious cycle? MP unveils Rs 38,000 crore agriculture loan waiver

Such largesses till 2019 polls seen at Rs 2.8 lakh crore, pose a threat to fiscal and credit discipline.

No respite for Kotak Mahindra Bank : Bombay High Court upholds December 31 deadline for stake reduction

On August 2, the bank announced completion of the PNCPS issue on that day resulting in dilution of its promoter stake to 19.7% of paid-up capital.

Debt trap: Modi government to borrow Rs 27,000 cr to service earlier loan to FCI

To raise another Rs 27,000 crore from NSSF to service earlier loan; similar amount raised in 2017-18 too.

PFC may approach foreign banks to fund REC stake buy

Power Finance Corporation (PFC) may have to approach foreign banks to raise part of the Rs 7,000 crore it needs to buy out the central government’s stake in REC as public sector banks (PSBs) may hit

Lok Sabha election concerns: Modi government asks top ministers to speed up spending

With the interim Budget barely one-and-a-half months away, an election-bound government has asked key departments overseeing labour-intensive and infrastructure sectors not to curb the pace of spendin

Ujjwala Yojana: All ration cardholder can avail benefits now

To expand the scope of the flagship LPG-for-cooking scheme, the government has decided to extend it to all ration-card holding households.

Spectrum reserve price: Trai refuses to share its calculation model with DoT

Regulator may now be asked to come out with a long-term calculation methodology.

IT returns witness massive 50 per cent jump! UP, Bihar, MP top chart with more than 70% growth

While e-returns for income tax saw a big jump this year — in April-November, 6.09 crore returns were filed, up 48% y-o-y, compared with a growth of 20% in the year-ago period — the sharpest increa

Macro-economic stability: Government to focus on cut in debt ratio, says Subhash Chandra Garg

Economic affairs secretary says not in talks with RBI on interim dividend; DIPP, commerce secretaries say regulators must be accountable.

NGT quashes Tamil Nadu order to shut Vedanta’s Sterlite plant

In a major relief to the Anil Agarwal-led Vedanta Group, the country’s green court NGT on Saturday set aside the Tamil Nadu government’s order to permanently shut the group’s Sterlite Copper pla

Iran Oil: India to sweeten rupee payment terms

To sweeten the deal for Iran regarding purchase of oil from that country, India will allow the Persian Gulf nation to use the payments made by Indian refiners to an escrow account to meet the expenses

A rough patch: Mercedes, Audi, BMW see sharp dip in sales

In line with subdued passenger vehicle sales during the second half of 2018, the luxury car market has also witnessed a bump post July this year.

Decoding Nefllix’s theatrical debut: Roma, Ballad of Buster Scruggs, Bird Box to release on big screens

It seems Netflix does not want to be stereotyped as only a ‘made for TV’ content house.

Big win for Modi government! SC gives clean chit to Rs 58,000-cr Rafale deal

On the back foot after its recent electoral drubbing, the Narendra Modi government on Friday got a shot in the arm at an opportune time, with the Supreme Court dismissing a clutch of pleas challenging

Supreme Court puts Fortis sale to IHH Healthcare on hold

IHH, which has infused Rs 4,000 cr into the firm, can’t commence its open offer scheduled for December 18

RBI Governance: Under discussion – Board for further examination of framework

The central board of the RBI on Friday discussed its governance framework and decided the matter required further examination, the central bank said in a statement on its website.

Relief to RCom: Supreme Court tells govt to let it sell spectrum to Reliance Jio, but with a condition

The Supreme Court on Friday asked the department of telecommunications (DoT) to grant a no objection certificate (NoC) to Reliance Communications to trade its spectrum with Reliance Jio Infocomm by Mo

Plain speaking! Government raising issues no threat to RBI autonomy, says Arun Jaitley

Finance minister Arun Jaitley on Friday denied any government intrusion into the Reserve Bank of India’s (RBI’s) autonomous policy turf, arguing that making suggestions on crucial matters wasn’t

IL&FS Provisioning: Banks to seek relief from Reserve Bank

Bankers to Infrastructure Leasing and Financial Services (IL&FS) and its subsidiaries have decided to seek relief from the Reserve Bank of India (RBI) on provisioning norms after December 17, if the N

Cheap calls: Predatory pricing by telcos junked by TDSAT

Trai had prohibited incumbent telcos from making segmented offers to their high-Arpu customers.

Focus on MSMEs: RBI asks PSU banks to back small businesses

Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday sought to understand from heads of state-owned lenders whether there were any further steps that could be taken to lend more to the mic

RBI Board Meet: No change in governance structure soon

With a new governor at the helm of the Reserve Bank of India (RBI), the government, through its nominees, is unlikely to insist on immediate changes in the way the RBI is being governed at the central

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