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Raise tax exemption limit, banks tell FM

Lenders express concern on rising bad loans and recovery; demand 100% tax deduction on bad debt

Insurance regulator makes insurance repository must for life insurers

Compulsory for all life insurers and Insurance Repositories to participate in Pilot launch

Canara Bank expands overseas network to New York

With the inauguration of New York branch, the Bank now has presence in 8 countries

LIC sees slide in new premium collection

Sales affected due to lack of new products, says MD

RBI relaxes cap on UBI's loan limit power

Allows the bank to approve loans up to Rs 200 cr

Many govt bank heads welcome P J Nayak report

Though not openly, especially on taking away state control of operations; also point to acute need for more capital, quality of board decisions

Fresh view on mining Bill likely

The UPA govt in 2011 had tabled the Bill in the Lok Sabha, but it could not be passed

Modi dissolves four Cabinet panels

Tourism ministry eyes Chinese travellers

The tourism ministry has decided to impart Mandarin training to members of Indian Association of Tour Operators

Ministry promises to resolve Delhi power crisis in a fortnight

NTPC, BHEL, GAIL, DMRC, Powergrid roped in for emergency repair

CII, Pipavav back 100% FDI in defence

Tata, Reliance and Mahindra are non-committal on allowing 100% FDI in the sector

Showdown over annual bonus at Amul Dairy

Some protesters entered the dairy premises and ransacked the chairman's office and caused damage to the property

Car sales rise 3% after eight months on stable central govt

However, growth will stay only if excise duty cut of interim Budget continues, say experts

Indians splurge most on hotel during vacation: Survey

Indian CFOs most optimistic group in Asia: Amex survey

The survey covered 507 senior finance executives at companies with annual revenue of $500 mn or more

Gold jewellery sales up 40% this month

Sales increased on the backdrop of falling gold prices

Gold import in May estimated at 35 tonnes

Since June 13 monthly import has averaged below 30 tonnes

Actavis finalises agreement to settle patent issue with Zydus USA

Actavis will grant Zydus an exclusive license to market its generic Asacol beginning on November 15, 2015

AgroTech opens first peanut butter manufacturing facility in India

It is being built at a cost of Rs 35 cr and will serve as an integrated multi-category grocery and snacks manufacturing hub for Indian market

Gujarat CM wants 'Statue of Unity' to be national project

She also sought Centre's intervention in raising height of Sardar Sarovar Dam and installation of gates on it