November 2012

The 'NH-4 Bank' plans to become pan-India player

December 1, 2012

Which Bank in India is often referred to as the ‘NH-4’ Bank ? The Ratnakar Bank is often referred to as  the ‘ NH4 Bank’ in the banking circles, . Reason: As majority of the business of Ratnakar Bank comes ..

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19 RRBs merged into 8; now 71 left

December 1, 2012

The government has merged 19 Regional Rural Banks (RRBs) into 8 entities. All this happened in spite of reservations by RBI. The Govt plans to merge more RRBs this financial year. RBI was not happy with this decision as the ..

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PPP in railways allowed

November 29, 2012

The government has allowed a private investment policy in the railways. The performance of Railways in PPP (Public-Private Partnership) projects has been dismal. Now, the Govt will try 5 different models for inviting private sector participation for last-mile connectivity projects ..

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Tata Sons to offload a part of its 60 per cent stake in direct-to-home Tata Sky Ltd

November 29, 2012

Tata Sons, a holding company of the Tata Group has 60% stake in the DTH (Direct-To-Home) Tata Sky Ltd. DTH (Direct-To-Home) Tata Sky Ltd is loss-making company and thus, Tata Sons plans to sell a part of its share to ..

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China’s new passport map falsely includes AP, Aksai Chin as part of China

November 29, 2012

Another game by China: The watermark on fresh launched e-passports by China falsely depict Arunachal Pradesh and Aksai Chin in J&K as parts of China. Reaction from India: India has registered a strong protest with China India has also started ..

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Anti-Piracy Scheme in Audio-Visual Sector gets approval by Central Govt

November 29, 2012

Under the 12th five year plan, the Union government has approved a scheme by Information & Broadcasting Ministry for carrying out an anti-piracy initiative in the audio-visual sector. The key activities planned include: Campaign on piracy through audio-visual, internet and ..

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Maldives cancels GMR's $511m airport project

November 29, 2012

Maldives has cancelled a USD 511 million deal with Indian firm GMR. Maldives has also ordered Orders GMR to leave the country within 7 days. India has warned Maldives to honor the legal contract. Why was the cancellation of GMR ..

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Ms Chitra Ramakrishna to be new CEO & MD of NSE

November 29, 2012

Leading bourse National Stock Exchange (NSE) announced Ms Chitra Ramakrishna as its new MD and CEO with effect from 1 April, 2013. At present only two of the top 20 bourses globally (South Africa’s Johannesburg Stock Exchange and China’s Shenzhen ..

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