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Text of Raghuram Rajan’s letter to RBI colleagues on 2nd term

Jun 18, 2016

Following is the text of the letter written by Reserve Bank of India Governor Raghuram Rajan in which he has made it clear that he is not interested in a second term, and that he will return to academia when his term ends in September:Raghuram Rajan RBI Dear Colleagues, I took office in September 2013 as the 23rd Governor of the Reserve…

Indian Oil Corporation – led consortium buys 24% stake in Russian oil field

Jun 18, 2016

New Delhi, June 18 (IANS) A consortium led by state-run Indian Oil Corporation (IOC) oil companies IOC, BPCL and OIL signed an agreement on Friday to buy 23.9 per cent stake in Russia's Vankor oil field from Rosneft for $2.1 billion,…

Business

Hyundai should quickly announce third unit in India: Sitharaman

Jun 17, 2016

New Delhi, June 17 (IANS) India on Friday urged South Korean auto major Hyundai Motors to take a decision on setting up its third manufacturing unit in the country without further delay as this was the appropriate time for starting the…

Business

HDFC Life in discussions to take over Max Life Insurance

Jun 17, 2016

Chennai, June 17 (IANS) In one of the biggest consolidations to happen in the Indian life insurance sector, Max Life Insurance and Max Financial Services have signed agreements to evaluate a potential merger with HDFC Standard Life…

Business

Of political idealism, corporate twists and fitness (IANS Books This Weekend)

Jun 17, 2016

Embark on a journey of remorse, redemption and love where a girl falls for a man with dark secrets; then a modern day version of the Mahabharata presented with a humorous corporate twist. (adsbygoogle = window.adsbygoogle ||…

Business

Indian pharmaceutical exports to cross $20 billion by 2020 : Study

Jun 16, 2016

New Delhi, June 16 (IANS) Indian pharmaceutical exports are likely to cross $20 billion by 2020 from $14 billion in 2016, by registering a compounded annual growth rate (CAGR) of eight per cent, said an Assocham- TechSci research joint…

Business

Dynamic Technologies tops in Fortune India Next 500 list

Jun 16, 2016

New Delhi, June 16 (IANS) Dynamatic Technologies topped the Fortune Next 500 list of Indian companies while among new entrants were Just Dial, UTI Asset Management Company, and Nectar Lifescience. Dynamic Technologies Dr Lal Pathlabs,…

Business

Fire at ancillary unit of Tata Nano plant in Gujarat, none hurt

Jun 16, 2016

Ahmedabad, June 16 (IANS) A major fire broke out in an ancillary unit at the Tata Nano plant in Gujarat on Thursday. No one was injured, officials said, though the damage could run into lakhs of rupees. The fire broke out in Supreme…

Business

Gold’s Gym launches its first premium gym that fits around your lifestyle in the heart of South…

Jun 16, 2016

Strengthening its position as the leading largest International gym chain in the country, Gold's Gym is pleased to announce the launch of its 104th branch at Maharani Baugh on 16th June 2016 at 1pm. The grand inauguration of Gold’s Gym…

Business

Cisco Chooses Pune for Second Global Delivery Center in India

Jun 16, 2016

Cisco Chooses Pune for Second Global Delivery Center in India Underlining commitment to India’s digitization, Cisco expands footprint of its Maharashtra operations New Delhi, June 16, 2016: Cisco today outlined the next phase of its…

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