Page 465 - Bs Reporter

DBS Bank opens new wholly owned subsidiary in India

Principle activity of the Asia Hub 2 will be to provide technology related services to the DBS Group

Home cleaning startup SBricks acquires Melway

Acquisition of hands-on services player by SBricks to bring in 200 home cleaning professionals into its fold

Banks, insurance cos come up with measures to help flood-hit TN

Lenders come up with options to reschedule installments, extend moratoriums; insurance cos also look to smoothen claims process

Gross enrolment ratio in higher education zooms

Increases to 23.6%; minister confident 30% target will be achieved by 2020

Grocery delivery app PepperTap acquires Jiffstore

Raises another $4 mn; closes Series-B funding at $40 million

Cipla launches generic hepatitis C drug

About 12-18 million Indians are suffering from the disease while globally the number of patients is about 185 million

M&M to launch electric sedan, mini truck by Feb

The automaker is in talks with Ola to boost sales of the green cars in the country

4G beats 3G in smartphone sales

Samsung, Lenovo, Apple led the race according to data published by International Data Corporation

Lending rate guidelines to help policy transmission: ICRA

New MCLR, effective April 1, will impact the new borrowers immediately, while some old borrowers with better credit profile would want to shift to the new regime

Rajya Sabha passes 3 Bills, Lok Sabha passes 1

More Bills might be taken up, to clear the backlog

Neemuchwala tipped to be next Wipro CEO

Bankruptcy Bill introduced in Lok Sabha as a money Bill

The Bill is one of the steps that Finance Minister Arun Jaitley has identified as crucial for India to improve ease of doing business

Moody's lowers Union Bank of India's credit assessment

Moody's said baseline credit assessment of "ba3" reflects the bank's poor asset quality and weak earnings performance

RBI plans to monitor peer-to-peer lending

Several online portals have sprung up in India to facilitate such lending, some even getting private funding from investors

Kishore Biyani, Venu Srinivasan, Kiran Shaw advise Karnataka to attract more investments

Udyog Mitra aims to provide easy clearance and complete assistance to investment projects worth Rs 15 cr and more

Bandhan Bank plans to boost rural transport, start-ups

Will finance rickshaw-pullers who want to buy mechanised or battery-powered rickshaws

NBFCs are here to stay, says BCG

Says the sector is mastering use of digital surrogate data, in the absence of income proof documents, to improve credit penetration in India

SBI to raise Rs 12,000 crore via bonds

The bank's board has authorised it to raise the money though Basel-III compliant bonds

Govt pulled up for 'Nairobi surrender'

Experts say India could have done more at WTO ministerial

Narayana Hrudayalaya's IPO sails through on bourses

Issue was subscribed 8.5 times, with bids received for 145 mn shares