BS Reporter
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DSP BlackRock bets on IFAXpress to drive growth
IFAXpress will enable advisors to grow, monitor and manage their business more efficiently by leveraging the power of the internet
 "DSP BlackRock bets on IFAXpress to drive growth")
Bajaj Allianz Life, Dhanlaxmi Bank partner for insurance sales
The bank will continue to be a corporate agent for nine years and sell life insurance products
 "Bajaj Allianz Life, Dhanlaxmi Bank partner for insurance sales")
e-learning services provider Schoolguru raises Rs 20 cr from HNI investors
The funds will be used to impove the company's mobile and web-based platform
 "e-learning services provider Schoolguru raises Rs 20 cr from HNI investors")
IMF cuts India's growth forecast for FY16 to 7.3%
Growth expected to bounce back to 7.5% in FY17 on the back of reforms
 "IMF cuts India's growth forecast for FY16 to 7.3%")
Dadri-like cases hurt India's image: Jaitley
Arun Jaitley was speaking at a lecture at Columbia University, New York
 "Dadri-like cases hurt India's image: Jaitley")
ICICI Bank increases spread on new home loans by 10 bps
With this change, the interest rate on home loans has come down to 9.65% for new borrowers and 9.6% for women borrowers
 "ICICI Bank increases spread on new home loans by 10 bps")
 "Labs at ports to check beef export")
Snapdeal commits Rs 1,000 cr as 'capital assist' loans to SMEs
Aims to bring in a million on-board sellers in the next three years
 "Snapdeal commits Rs 1,000 cr as 'capital assist' loans to SMEs")
Microsoft brings together start-ups to offer solutions for smart cities
Has identified more than 40 solution areas across eight city domains
 "Microsoft brings together start-ups to offer solutions for smart cities")
Yuvraj's Youwecan Ventures invests in SportyBeans
SportyBeans is children-focused sports programme
 "Yuvraj's Youwecan Ventures invests in SportyBeans")
Bajaj Finance gets nod for housing finance firm
The company had applied for a licence to NHB through its subsidiary Bajaj Housing Finance last year
 "Bajaj Finance gets nod for housing finance firm")
SBI's $300-mn credit line with Germany's KFW
Funds will be used for on-lending to rural & micro sectors; loan has maturity of 15 years
 "SBI's $300-mn credit line with Germany's KFW")
Risk-based capital to assess solvency: Irdai
The committee, however, says adopting this will take time as it will have to be discussed with insurance sector stakeholders
 "Risk-based capital to assess solvency: Irdai")
IGATE CEO Ashok Vemuri quits
IGATE was sold to Capgemini for $4 bn earlier this year
 "IGATE CEO Ashok Vemuri quits")
New norms for leadership claims by TV channels
The ratings agency under BARC has drawn up guidelines/principles for fair and permissible usage of data by subscribers
 "New norms for leadership claims by TV channels")
Bankruptcy code to be enabler for banks' growth: Mundra
RBI deputy governor says it will help banks to deal with bad loans instead of delaying its recognition
 "Bankruptcy code to be enabler for banks' growth: Mundra")
Sun Pharma to raise Rs 12,000 cr through debentures, QIP route
The funds will be used for expansion and future acquisitions
 "Sun Pharma to raise Rs 12,000 cr through debentures, QIP route")
G-sec limit for foreign investors to be raised to Rs 1,79,500 crore
For state development loans the limit will be enhanced to Rs 7,000 cr by Jan 1 while currently it is nil
 "G-sec limit for foreign investors to be raised to Rs 1,79,500 crore")
CARE downgrades Jaiprakash Power Ventures term loans
The amount of loans involved in this downgrade is Rs 11,885 crore
China's slowdown may not be good news for India: Rajan
He, however, added a further slowdown in China would have a silver lining in that it might lead to more foreign investment into India
 "China's slowdown may not be good news for India: Rajan")