BS Reporter
BS Reporter
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Why is PMO concerned over railways' performance?
Data shows Railways spent around 20.8% of the total budgetary support in Q1, down from 27% last fiscal
 "Why is PMO concerned over railways' performance?")
South Asia is an urban mess, says World Bank report
Study says well-managed cities can be productive centres of economic growth but this region has faltered on too many basics, from pollution and poverty to jobs
 "South Asia is an urban mess, says World Bank report")
Banks can upgrade loans for recast outside SDR
But, no exemption from Sebi's price norms for debt to equity conversion
 "Banks can upgrade loans for recast outside SDR")
RBS Bank to exit private banking business in India
Sanctum Wealth management acquires its business
 "RBS Bank to exit private banking business in India")
BILT to sell Malaysia arm for $500 mn
Deal to help group cut debt by up to Rs 2,200 crore
 "BILT to sell Malaysia arm for $500 mn")
IDFC Bank targets 15 million customers in five years
Aims for 10-15% net profit growth, Rs 15,000-cr business from rural banking
 "IDFC Bank targets 15 million customers in five years")
RBI allows banks to provide partial credit enhancement to corporate bonds
Will enable corporates to access the funds from the bond market on better terms
 "RBI allows banks to provide partial credit enhancement to corporate bonds")
JSW Steel to set up cement, captive power plants in Bengal
The investment in the cement plant will be to the tune of Rs 700 crore
 "JSW Steel to set up cement, captive power plants in Bengal")
Nasscom asks BPO sector to 'become world worthy'
The rebranding effort aims to change perception of Indian back office sector to one of helping clients transform their business in a globalised environment
 "Nasscom asks BPO sector to 'become world worthy'")
 "Tide Water management gets support against hostile bid")
 "New rules for greening national highways")
India could boost 2025 GDP by 60% by promoting gender diversity at work: McKinsey report
India is clubbed among the lowest scorers in parameters such as gender equality in work
 "India could boost 2025 GDP by 60% by promoting gender diversity at work: McKinsey report")
Greenpeace asks Modi to challenge Obama on climate change
Asks PM to raise concerns over US' plans for offshore drilling in the deep seas of the Arctic
 "Greenpeace asks Modi to challenge Obama on climate change")
Practo makes yet another acquisition
Buys Bengaluru-based Qikwell, its 4th such buy in 5 months
 "Practo makes yet another acquisition")
Traders roll over bets on rate cut hopes
Analysts said the market would see volatility ahead of RBI's policy review. It is widely expected the RBI will cut the policy rate by 25 bps on Tuesday
 "Traders roll over bets on rate cut hopes")
SBI, ICICI Bank get permanent seat at lender's forum for distressed assets
Dissenting lenders should exit consortium, says RBI
 "SBI, ICICI Bank get permanent seat at lender's forum for distressed assets")
 "NSE, BSE to launch F&O contracts in Cadila, Bharti Infratel")