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Govt puts protocol in place to speed up FDI

Having decided to turn down frivolous concerns raised by investigative agencies, the government has put in place a detailed protocol for clearing all foreign direct investment (FDI) proposals as part

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ICICI Bank to probe charges against CEO Chanda Kochhar

Private sector lender ICICI Bank on Wednesday said it has decided to institute an independent enquiry into the allegations levelled by anonymous whistleblower against managing director and chief executive Chanda

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RBI unearths Rs 47,000 crore of bad loans at five biggest state-run banks

Bad loans at India’s five biggest state-run banks have come at about Rs 47,000 crore more than the lenders had assessed. Audits by the Reserve Bank of India (RBI) for

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What led to Sachin Bansal’s exit from Flipkart

Tiger Global’s Lee Fixel and Flipkart’s co-founder and CEO of nine years Sachin Bansal enjoyed a very special investor-founder relationship. Ever since the New York-based fund manager spotted the unrelated

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India launches second IT corridor in China to gain access to big Chinese market

India on Sunday launched its second IT corridor in China to cash in on the burgeoning Chinese software market which remained elusive despite the presence of top Indian technology firms.

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Indian banks won against Vijay Mallya in court, but battle is far from over

A consortium of 13 Indian banks may have won a high court battle against Kingfisher Airlines founder Vijay Mallya on Tuesday, but there are still significant hurdles for the banks

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Govt mulls new bank to fund women SHGs

Encouraged by the low rate of defaults and with an aim to boost women employment and earnings, the Centre is considering setting up a “special bank” to finance women’s self

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Aditya Ghosh to step down as IndiGo president; Gregory Taylor likely to replace him

In a sudden development, low cost carrier IndiGo Friday announced the resignation of Aditya Ghosh as president and that co-founder Rahul Bhatia will be the interim CEO. Ghosh, arguably India’s

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Why PM Modi’s visit to Sweden is crucial for the global economy

Prime Minister Narendra Modi has embarked on a crucial visit to Stockholm where he will meet the prime ministers of Denmark, Finland, Iceland, Norway and Sweden as part of the

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Former CMD of UCO Bank booked, raided in Rs 737 crore fraud

The CBI has registered a case against Arun Kaul, former chairman-cum-managing director of UCO Bank, and two private companies and their directors and some chartered accountants for allegedly cheating the

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