Reserve Bank modifies ECB policy
The Reserve Bank of India (RBI) on Friday relaxed norms for the External Commercial Borrowing (ECBs) by allowing banks and companies to restructure and reschedule the existing borrowings. The modification to the ECB policy will come into force with immediate effect. “The RBI allowed changes /... read more »
Jaitley hints at not raising tax rates; sops for manufacturing
Finance Minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the coming Budget while asserting that ‘structural changes’ will have to be made to get the economy to 8-9 per cent growth. Hard selling India to global investors at the World... read more »
TVS Srichakra to launch radial tyres
TVS Srichakra Ltd., a well-known maker of two-wheeler, three-wheeler and off-road tyres, will be launching radial tyres for motorcycles soon. Unveiling the company’s new identity and logo — TVS TYRES — here on Friday, P. Vijayaraghavan, Director of the company, said the new logo conveyed... read more »
PRECIOUS-Gold rebounds to 5-month high after ECB launches QE program
Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank (ECB) launched a multi-billion euro bond-buying program aimed at reviving a sagging euro zone economy. President Mario Draghi said the ECB would print money to buy up 60 billion... read more »
