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Two-wheelers' loan demand dropped after note ban: TransUnion CIBIL

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Two-wheelers' loan demand dropped after note ban: TransUnion CIBIL

New Delhi, Jan 11 Credit information company TransUnion CIBIL on Wednesday said that consumer loan demand for buying two-wheeler and consumer durables dropped significantly since the demonetisation announcement.

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Spell out MoU terms for capital infusion: AIBEA

Spell out MoU terms for capital infusion: AIBEA

Chennai, March 25 The All India Bank Employees' Association (AIBEA) will decide on signing the tripartite MoU with the government and bank management after knowing its contents, a top leader said on Saturday. ...

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Agency banks, RBI offices to remain open till April 1

Agency banks, RBI offices to remain open till April 1

Mumbai, March 25 The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1. ...

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SEBI bans RIL from equity derivatives market for a year

SEBI bans RIL from equity derivatives market for a year

Mumbai, March 25 The Securities and Exchange Board of India (Sebi) on Friday banned Reliance Industries Ltd (RIL) and 12 others from equity derivatives trading for one year and directed RIL to disgorge nearly Rs 1,000...

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SBI to initiate IPO offer of its life insurance arm

SBI to initiate IPO offer of its life insurance arm

Mumbai, March 24 India's largest lender, the State Bank of India on Friday said it would initiate the process for selling 10 percent of its shares in its life insurance arm through an initial public offering (IPO). ...

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Bengal finance firm director arrested for cheating investors

Bengal finance firm director arrested for cheating investors

Kolkata, March 24 The newly-formed Directorate of Economic Offences of the West Bengal government on Friday arrested the director of private financial company Equinox Infratech Ltd for defrauding its depositors by not...

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GVK sells 33 per cent stake in Bangalore airport to Fairfax

GVK sells 33 per cent stake in Bangalore airport to Fairfax

Bengaluru, March 24 Infrastructure major GVK Ltd on Friday announced selling 33 per cent of its 43 per cent equity stake in the Bangalore International Airport Ltd (BIAL) to Canadian investment firm Fairfax for Rs 2,2...

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Shiv Sena MP 'grounded' for hitting AI staffer, FIR lodged (Intro Roundup)

Shiv Sena MP 'grounded' for hitting AI staffer, FIR lodged (Intro Roundup)

New Delhi, March 24 In an unprecedented step, Air India and all private carriers on Friday refused to fly Shiv Sena MP Ravindra Gaikwad for assaulting an airline employee. The Delhi Police has booked him for attempted...

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HDFC raises Rs 3,300 cr through Masala Bonds

HDFC raises Rs 3,300 cr through Masala Bonds

Mumbai, March 24 The Housing Development Finance Corporation Ltd (HDFC) on Friday announced it had raised Rs 3,300 crore ($504 million) through rupee denominated bonds from overseas investors (Masala Bonds) under its ...

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'Bad loans problem can't be solved by banks' recapitalisation'

'Bad loans problem can't be solved by banks' recapitalisation'

New Delhi, March 24 There is no "political economy consensus" on tackling the mounting problem of bad loans of banks, which cannot be resolved by their simple recapitalisation, a former head of India's central bank sa...

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'Hunar Hubs' to be set up for artisans from minorities: Naqvi

'Hunar Hubs' to be set up for artisans from minorities: Naqvi

New Delhi, March 24 Minority Affairs Minister Mukhtar Abbas Naqvi on Friday said that "Hunar Hubs" will be established in all the states to provide a market opportunity for master artisans from minority communities to...

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Tata Motors to raise up to Rs 500 cr via NCDs

Tata Motors to raise up to Rs 500 cr via NCDs

Mumbai, March 24 Automobile major Tata Motors on Friday said it would raise up to Rs 500 crore by issuing non-convertible debentures. ...

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Area-specific strategy needed for disadvantaged states: President

Area-specific strategy needed for disadvantaged states: President

Patna, March 24 Disadvantaged regions like Bihar and Jharkhand require a strategy for development that can harness productive forces of the economy and not just blindly follow path of industrialisation, President Pran...

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SBI chief Bhattacharya 26th in Fortune's 50 greatest leaders

SBI chief Bhattacharya 26th in Fortune's 50 greatest leaders

Mumbai, March 24 State Bank of India (SBI) chief Arundhati Bhattacharya has been ranked 26th in the Fortune's top 50 greatest leaders. She is the only Indian corporate leader in the list. ...

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Meghalaya Assembly passes Rs 13,048 cr Budget

Meghalaya Assembly passes Rs 13,048 cr Budget

Shillong, March 24 The Meghalaya Assembly on Friday passed the annual state Budget of over Rs 13,048 crore for the year 2017-2018 by a voice vote. ...

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Cochin Shipyard files IPO prospectus with regulator

Cochin Shipyard files IPO prospectus with regulator

Kochi, March 24 State-run Cochin Shipyard Ltd on Friday filed its Draft Red Herring Prospectus with market regulator SEBI for its Initial Public Offering (IPO) of 3.3-crore equity shares of Rs 10 face value. ...

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