NMDC iron ore production, sales declined in April-May
NMDC said that in first two months of the current Financial Year, the production and sales of  iron ore has declined by 16% and 21%...
Month : June 2015
SEBI has imposed Rs 2 crore fine on NDTV
On Thursday, the Securities and Exchange Board of India has imposed a penalty of Rs 2 crore on NDTV (New Delhi Television Ltd) on account...
Infosys acquires Skava for $120 million
The second largest software exporter in India, Infosys has agreed in April to buy e-commerce services provider Skava for $120 million. Infosys on its website...
Aditya Birla Nuvo plans JV with South Africa’s MMI holdings
On Thursday, Aditya Birla Nuvo Ltd (ABNL) has announced the formation of a joint venture with MMI Holdings for the purpose of entering in Indian...
FDI declined by 40 percent in March, lowest in four months
In India, the foreign direct investment (FDI) declined by 40 percent year-on-year to $2.11 billion in March 2015 which is the lowest in last four...
Axis Bank announces deposit rate cut by up to 0.20%
After the Reserve Bank’s policy announcement, the private sector lender Axis Bank has on Wednesday announced a deposit rate cut of up to 0.20 percent....
RBI allows FIIs to buy more shares in Axis Bank
On Wednesday, the Reserve Bank of India has allowed foreign investors to buy further shares in the private lender Axis Bank as the stipulated limit...
L&T gets Rs 468 crore contract from Ministry of Defence for construction of floating dock
Larsen & Toubro (L&T) gets Rs 468 crore contract from the Ministry of Defence for the design and construction of a floating dock for the...
PNB slashed fixed deposit rate by 0.25 percent on select matuarities
The Punjab National Bank has slashed the interest rate on fixed deposits by 0.25 percent on select maturities. PNB said that the reduction will be...
V R Iyer has been appointed as Member (Finance) of Irdai
V R Iyer, the retired Chairperson and Managing Director of Bank of India has been appointed as Member (Finance) of the Insurance Regulatory and Development...