Business

The board meeting took place a day after insurance behemoth LIC got approval of its board to increase its stake in the bank up to 51 per cent.

The International Monetary Fund (IMF) cut India’s growth projections for this fiscal year to 7.3 per cent and for the next to 7.5 per cent on Monday.

The list of all such accounts — of Swiss citizens and foreigners including from India -- was first published by the Switzerland Banking Ombudsman in December 2015 and it keeps getting updated as and when an account is declared dormant.

The EBRD has already cooperated with Indian enterprises on joint projects worth almost 1 billion euros, including investments with Tata, SREI, Jindal and Mahindra and Mahindra.

As per reports, LIC has been made to invest Rs 1,850 crore in PSBs in 2014-15 and 2,539 crores in 2015-16, the federation said in a letter to the LIC Chairman.

Using artificial intelligence, Watson Analytics looks at an employee’s experiences and projects to infer the potential skills and qualities each person might have to serve IBM in the future.

Gadkari said the use of ethanol, methanol, bio-compressed natural gas, dimethyl ether and electricity should be increased as alternatives to crude oil, 70 per cent of which has to be imported.

Hong Kong's Hang Seng index also edged higher by 0.18 percent but China's main market, the Shanghai Composite Index, was fractionally down by 0.09 percent.

Index heavyweight Reliance Industries slumped 2.53 per cent after the conglomerate's Chairman Mukesh Ambani unveiled a mega fixed-line broadband initiative and announced plans for an e-commerce platform that may rival the likes of Amazon.

The whisky-maker’s Indian subsidiary reportedly bribed officials to speed up process pertaining to acquiring licenses and distribution, the US Securities and Exchange Commission said in a statement.

The government aims to spend over Rs. 15,000 crore this year on providing a higher MSP to farmers, much in line with Arun Jaitely’s budget speech this year, which promised an increase in MSP.

On Friday, the rupee had gained 33 paise to 68.46 against the US dollar, in line with a big relief rally in domestic equities.

This was the biggest outflow since January-June 2008, when foreign portfolio investors (FPIs) had pulled out Rs 24,758 crore from the capital markets — equity and debt.

Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of the Reserve Bank of India (RBI).

According to an official statement, the GNFC and the Aayog will work on implementing a proof-of-concept (PoC) application for using the technology in subsidy disbursements.

The volatility is being driven by global factors including the proposed U.S. sanctions on Iran and the mismatch in demand and supply of oil, Subhash Chandra Garg, Economic Affairs Secretary in the Ministry of Finance said.