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India’s First Women-Only Bank: Everything That You Should Know

India’s First Women-Only Bank (Bharatiya Mahila Bank) was inducted by the Indian Prime Minister Manmohan Singh. The purpose of the bank is simple to help women financially. The initial funding of the bank is 10 billion rupees and the government wil...

Latest News about Gold in Indian Market

Indian Government has increased Import Tariff Value on GoldThe UnionGovernment of India finally decided to increase the import tariff value of gold to $472/10 grams on account of a volatile price trend in global markets.The tariff value, which is rel...

United Bank of India Likely to Expand its Businesses in Overseas

Archana Bhargava, who is the new Chairperson and Managing Director (CMD) of the State-run United Bank of India, stated that her prime strategies to ensure the overall brand value of the bank would be a massive expansion plans in matters of overseas b...

Chinese Bank ICBC on Top in Forbes Global 2000 List

On this Wednesday the Chinesebank ICBC successfully pushed back oil giant of United States (US) Exxon Mobilfrom its coveted position as the World’s largest public sector company. ICBC managed to claim the pole position of Forbes Global 2000 list fo...

India Signed a New DTAA with Malta at Valetta

                  India & Malta signed the new Double Taxation Avoidance Agreement (DTAA) on 8thApril 2013 at Valetta, Malta after Preneet Kaur, who is the current Minister of State for External Affairs of India visited Malta to...

India’s Latest Signed Agreements of 2013

Recently India has signed a few key agreements cum MoUs(Memorandum of Understanding) with some of the countries in 2013. These agreements will have importance of their own, as it will provide advantages to the country for sure. Today we will talk abo...

Current Account Deficit Soars Record High to 6.7% in Q3

Country’s Current Account Deficit (CAD) has soared into record heights of 6.7% of total GDP in 3rd quarter of the financial year. The reason for this high deficit is the heavy oil and gold imports and some muted exports in that time being. Eventua...

Mumbai Drops to 66th in World’s Leading Financial Hubs Ranking List

                The most financially powerful city of India Mumbai dropped to 66th position in the recently published ranking list of world’s leading financial hubs. The list was released by Global Financial Centres Index (GFCI), an...

SIDBI Inked MoU with Egypt for SME Sector Development

The Small Industries Development Bank of India or better known as SIDBI recently inked Memorandum of Understanding (MoU) with Egypt-based Social Fund for Development (SFD) and the World Bank. The MoU was signed in the presence of H E Dr Mohamed Mor...

Indian Government Approved 12 FDI Proposals worth over Rs 2.6 k Crore

Government Approved 12 FDI Proposals The Indian Government said that it has finally approved 12 FDI proposals worth over Rs 2.6k Crore (approximately Rs 2,609 crore). These twelve FDI proposals eventually include the proposal of Pharma firm Claris...

Indiabulls and Doha Bank signed Agreement for NRI Deals

Indiabulls-Doha Bank Agreement Financial non banking private firm Indiabulls Real Estate Ltd has signed agreement with Doha Bank to provide its NRI customers lucrative deals on their properties in India. This will open a new door of opportunities, an...

India Likely to Emerge as Fifth Largest Manufacturing Nation, BCG Reports

India to emerge as 5th largest manufacturing nation As per Boston Consultancy Group (BCG) report, India is likely to emerge as the fifth largest manufacturing nation of the world if it is able to better the share of manufacturing in the Gross Dome...

India-US Bilateral Trade Likely to Touch $500 Billion in Next 10 Years

India-US Bilateral Trades                       The bilateral trade between India and United States (US) is likely to touch the huge $500 billion mark in next 10 years. This has been said by the US-India Business Council (USIB...

Cyber Attack on Central Bank of Australia

Cyber Attack on Reserve Bank of Australia The Central Bank of Australia has admitted that it has been the victim of a cyber attack, as some hackers targeted it for reasons best known to them. A report on this had been published on a popular Austra...

Pantaloon Retail to Sell Its Stakes in Insurance Company

Pantaloon Retail Pantaloon Retail has declared that it will sell its stake holding of around 22.5% in Future General India Life Insurance Company Ltd. (FGILICL) to the Industrial Investment Trust Ltd. (IITL). However the popular retail company has...

Indian Government Wants to Raise Rs 40k Crore from PSU Stake Sale

Disinvestment of India Finance Minister P. Chidambaram said that the Indian Government wants to raise at least Rs 40,000 crore from the stake sale in Public Sector Undertakings (PSUs) in the next fiscal year, which is starting from April 1, 2013. He...

ONGC, the Most Profitable Public Sector Firm of India

ONGC, Most Profitable PSUONGC has successfully retained the pride of being the most profitable Public Sector Firm of India for yet another year. It topped the featured list of top ten most profit-making PSUs of the country for the year of 2011-12. It...

Standard Chartered May Acquire Wealth Business of Morgan’s India

                      The reputed United Kingdom based bank, Standard Chartered, which mainly focuses the market of the Asian continent, may acquire Morgan India’s wealth management business. It is in high level talks, and the...

World’s Most Billionaires Belong to Asia

                                 According to a latest survey, which was conducted by China-based wealth magazine, most of the billionaires belong to Asia only that means Asia has more billionaire personalities than an...

Tech Giant Intel Unveils Latest Software Platform for Crunching Massive Data

                                   The technology giant Intel has unveiled a latest brand new software platform, which will help to perform number-crunching very easily on massive scale. This is the brand new offerin...


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