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RBI cuts key rates by 25 bps

NI Wire,    Fri, 3 May 2013
The Reserve Bank of India (RBI), India's master Friday cuts key rates by 25 basis points (bps) making long-term loans cheaper....................

India to set up Rs.5,000 crore as innovation fund

NI Wire,    Thu, 2 May 2013
Government of India has a plan to set up Rs.5,000 crore fund to encourage innovation and entrepreneurship, top official said Thursday. An initial amount of $20 million (Rs.100 crore) would be provided to the India Inclusive Innovation Fund and the remaining amount would come via scheduled banks, insurance companies, financial institutions, corporates, high net worth individuals as well as bilateral and multilateral institutions, said Economic Affairs Secretary Arvind Mayaram.

FDI in multi brand retail: SC dismisses the challenge

NI Wire,    Wed, 1 May 2013
In a bid to hearing the issue of allowing Foreign Direct Investment (FDI), the Supreme Court has upheld the government policy of allowing Foreign Direct Investment (FDI) in multi-brand retail.

7,000 new bank branches to open every year: Chidambaram

NI Wire,    Mon, 29 Apr 2013
Union Finance Minister P. Chidambaram on Monday revealed that the government is planning to open 7000 new bank branches across the country every year. Chidambaram said during his visit to his parliamentary constituency of Sivagangai in Tamil Nadu.

PepsiCo India launches stronger, fizzier cola 'Pepsi Atom'

NI Wire,    Thu, 25 Apr 2013
Beverages giant PepsiCo India in order to expand its cola portfolio launched 'Pepsi Atom' Thursday with some stronger cola taste.

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