NCGG, Maldives Civil Services Commission sign MOU on Training and Capacity Building
NEW DELHI: The National Center for Good Governance (NCGG), India’s leading civil services training institution, has entered into an MOU with the Maldives Civil Services Commission for capacity building of 1000 Maldives civil servants over the next 5 years. The agreement was signed during the visit of the Prime Minister of India to Male on […]
Government, legal experts welcome new NPA resolution framework
NEW DELHI: Nafrendra Modi government, legal experts and analysts welcomed the new RBI framework for NPA resolution saying the new norms offer leeway to both capital-starved lenders as well as borrowers at the same time ensure that credit discipline is maintained. Welcoming the new norms announced by the central bank, which whittles down the February […]
RBI issues new NPA recognition norms
NEW DELHI: The Reserve Bank of India on (Friday) issued a new framework for resolution of bad loans, replacing the previous norms quashed by the Supreme Court in April, offering a 30-day gap for stress recognition instead of the one-day default earlier. The new norms replaces all the earlier resolution plans such as the framework […]
SBI to link home loans to repo rate from July
NEW DELHI: After linking its short-term loans and large savings deposits rates to the repo rate, the largest lender State Bank of India (SBI) on Friday said it will introduce repo-linked home loans from July. The lender has also reduced interest rate on cash credit account (CC) and overdraft (OD) customers with limits above Rs […]
Cyclone Fani caused loss of over Rs 9,000 crore to Odisha
BHUBANESWAR: Cyclone ‘Fani’ that ravaged Odisha’s coastal districts and killed 64 people last month caused a total loss of Rs 9,336.26 crore, a senior official said on Thursday. While the calamity caused a loss of Rs 6,643,63 to public properties, Rs 2,692.63 crore is required for relief measures for the affected people, he said. “The […]
Artificial Intelligence and Data Analytics an asset for Insurance industry: Insurance Ombudsman
NEW DELHI: Confederation of Indian Industry Northern region organised the 3rd edition of CII North Insurance Conference with the theme ‘Technology, Data & AI: Key to Productive & Efficient Distribution’ at New Delhi today. Speaking at the occasion Sandhya Baliga, Insurance Ombudsman (Rajasthan, Delhi, Western UP and Uttarakhand) stressed on the need to explain the […]
MRG World forays into affordable housing with an investment of Rs 200 crore
NEW DELHI: Gurgaon-based MRG World has announced its venture in affordable housing sector with an investment of Rs 200 crores in developing their first affordable housing project at Gurgaon (Haryana). The Group announced its foray into affordable housing by launching its maiden affordable project, The Balcony, in sector-93, Gurugram. Located across 75 meter Wide Running […]
Azim Premji to retire as executive chairman of Wipro; son Rishad to take over reins
NEW DELHI: IT major Wipro founder Azim H Premji, who turned a small maker of vegetable oil into a USD 8.5 billion software behemoth, will retire as the company head by July-end and handover reins of the firm to his son, Rishad. Premji, who turns 74 next month, will retire as executive chairman upon the […]
Investors lose Rs 2.22 lakh crore as equities plunge
NEW DELHI: Investor wealth eroded by Rs 2.22 lakh crore on Thursday as markets recorded their biggest single-day fall this year after RBI delivered a rate cut on expected lines, but failed to assuage concerns regarding the NBFC sector. The 30-share BSE Sensex plummeted 553.82 points, or 1.38 per cent, to close at 39,529.72. Tracking […]
More measures needed to increase liquidity: Niranjan Hiranandani
NEW DELHI: A 25 basis point rate cut by the Reserve Bank of India (RBI) would provide momentum to the market, but more needs to be done to address the issue of liquidity, stated Niranjan Hiranandani, President National Real Estate Development Council (NAREDCO) and co-founder and managing director of Hiranandani Group. The lending rate now […]
Corporatedge opens its 4th facility at Connaught Place
NEW DELHI: Gurgaon-based CorporatEdge, a platform that provides serviced office infrastructure, has unveiled its premium serviced office space today, located at K.G. Marg in the iconic Hindustan Times Building. The space is being inspired and designed by Lutyens era. The offices and meeting rooms come with state-of-the-art interiors, modern IT&T infrastructure and all ultra modern facilties. […]
From economy to parliamentary affairs, Narendra Modi government announces new cabinet panels
NEW DELHI: The Narendra Modi government on Thursday announced constitution of various Cabinet committees, including the one on economic affairs. On Wednesday, the government had constituted committees on investment and growth to spur the economic growth, and on employment and skill development to deal with the issues of unemployment. It was perhaps for the first […]
MG Motor India inaugurates its first flagship experience store
NEW DELHI: Underlining its commitment to completely redefining the car buying experience in India, MG (Morris Garages) Motor India today announced the grand opening of its first and one-of-a-kind flagship experience store at Milestone Experian Centre, Sector-15, Gurugram. Activating its widespread network of 120 centers across India, MG, along with its first Indian dealers, celebrated […]
Airtel Payments Bank enables BHIM UPI based payments at over 500,000 merchants
NEW DELHI: Airtel Payments Bank today said that it has enabled open loop BHIM UPI based payments at over 500,000 merchant points across India, allowing consumers to make digital payments for good and services by using any BHIM UPI enabled bank or payments app over their mobile phones. Airtel Payments Bank’s payments solution for merchants […]
Subrata Roy’s Sahara enters automobile sector; to offer wide range of EVs
NEW DELHI: Sahara group on Tuesday announced its foray into the automobile sector under the brand name ‘Sahara Evols’. The business venture will offer a wide range of electric vehicles (EVs) along with advanced allied services. The product portfolio of Sahara Evols comprises variants of electric scooters, motorcycles, three-wheelers and cargo vehicles. It is introducing […]
Saya Gold Avenue built with Rs 1,225 crore to be completed by year end
NEW DELHI: Saya Gold Avenue, a premium luxury group housing project in Indirapuram being developed by realty major, Saya Homes will be completed within the current calendar year, the company recently announced. The luxury group housing project constructed by the advanced Korean technology of monolithic construction, was launched in 2015 and is being built in […]