Varroc Group banks on changing regulations to sustain double digit growth

The company had earlier set itself a turnover target of Rs 20,000 crore by fiscal 2021, which means it will have to grow at a compounded annual growth rate (CAGR) of 22%. Read more »

Noida to be affordable commercial hub: Report

As per the report, the average rent in Noida is "almost 35 per cent cheaper than the Rs 88 ($1.40) per square feet per month rentals quoted by the Grade A office... Read more »

Railways to become ‘net zero carbon emitter’ by 2030: Piyush Goyal

Railways Minister Piyush Goyal said that the national transporter was going green in a big way. Read more »

ICICI Bank reshuffle has left many questions unanswered: Jefferies India

In a report on Tuesday, brokerage Jefferies India has called Bakshi’s appointment as temporary and questioned the board's wisdom to have a three tier structure. Read more »

Samsung India targets 33% market share in TV

The company is expecting the increased sales of TV to reflect on its turnover as TV is one of the major contributors to the revenue. Read more »

RBI revises priority sector lending norms

The housing loan limits will be revised to Rs 35 lakh in metropolitan centres Rs 28 lakh earlier, and to Rs 25 lakh from Rs 20 lakh earlier in other centres. Read more »

Chanda Kochhar’s confidante N S Kannan to head ICICI’s life insurance venture

Kannan has served as the chief financial officer of the bank for 5 years, a position he took over from current chief Kocchar when she moved to the corner office in 2009. Read more »

Public money extremely safe in PSU banks, says Goyal

"Banks will have a creditors agreement among themselves to iron out problems related to consortium banking," Finance Minister said after a meeting with PSB chiefs. Read more »

Delay in Teesta III line causes Rs 6 cr loss per day: AIPEF

The Sikkim government's failure to complete transmission line from Teesta-III hydro power station to Kishanganj has resulted in Rs 6 cr loss per day Read more »

Government banks continue to fund coal projects in India: Report

Of the top 10 lenders to coal power projects, eight were majority govt. owned banks that collectively gave close to Rs 30,337 cr in new and re-financed lending towards 12 coal power... Read more »