RBI lifts restriction on foreign investment in IDFC

The Reserve Bank of India (RBI) has removed the restriction on foreign investment in IDFC Ltd after the shareholding of overseas investors fell below the prescribed level. “The foreign shareholding by foreign institutional investors/foreign portfolio investors in IDFC have gone below the prescribed FII/FPI investment limit. Hence, the restrictions placed on the purchase of shares… Continue reading RBI lifts restriction on foreign investment in IDFC

Bandhan Bank to open 160 branches more

Bandhan Bank is targetting to open another 160 branches to reach the 1000-mark by the end of this financial year, Managing Director and Chief Executive Officer of Bandhan bank Chandra Shekhar Ghosh said on Sunday. “We are planning to open more branches at different locations and reach the 1000-mark by the end of this financial… Continue reading Bandhan Bank to open 160 branches more

RBI policy a positive surprise for housing finance cos; expect rate cuts

Financial News : While the Reserve Bank of India (RBI) kept policy rates unchanged in the second bi-monthly policy of this financial year, a key positive was reduction in risk weights assigned to home loans lent on or after June 7. Risk weights help banks and non-banking financial companies (NBFCs) to assess the risk associated… Continue reading RBI policy a positive surprise for housing finance cos; expect rate cuts

Micromax’s premium Dual 5 for Rs 24,999: Features, security, dual camera

Homegrown smartphone maker Micromax on Wednesday announced the launch of 4G VoLTE-ready smartphone’Dual 5′. Priced at Rs 24,999, the new device marks Micromax’s foray into the premium handset segment.   The company will start selling Dual 5 from April 10. Enhanced security and better after-sales customer service, aside from the massive 13 MP front camera,… Continue reading Micromax’s premium Dual 5 for Rs 24,999: Features, security, dual camera

UP elections 2017: Poll promises have not changed in 15 years; here’s why

Pihani, Uttar Pradesh: For 16 years, Kailash Rai (not his real name), 49, has been commuting six hours every working day between his home in the state capital Lucknow and the government degree college where he teaches in Pihani, 135 km to the northwest. A political-science lecturer, Rai cannot move with his family to Pihani,… Continue reading UP elections 2017: Poll promises have not changed in 15 years; here’s why

Time to think of ‘grand alliance’ of regional parties: Uddhav Thackeray

A day after declaring that the Maharashtra government had been put on a “notice period”, Shiv Sena chief Uddhav Thackeray on Wednesday said that it is time to think of a “grand alliance” of regional parties as a formidable combination to take on national parties.   “There have been many friends of BJP like Nitish… Continue reading Time to think of ‘grand alliance’ of regional parties: Uddhav Thackeray