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China-backed AIIB To Lend $10-15 Billion A Year For First 5-year: President-designate

The president-elect of China's new international development bank said he expects the institution to lend $10 billion-$15 billion a year for the first five or six years, and sought to allay concerns that the lender will be a tool of Beijing.

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Yes Bank Inks Pacts Worth $265 Million With US Companies For SME Lending

Private sector lender Yes Bank on Tuesday said it has signed loan agreements worth $265 million with OPIC and Wells Fargo to support small business growth in India.

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India Eyes Steady Steps, Not "Big Bang", Towards Freer Rupee

India is taking steady steps towards an increasingly free currency, Reserve Bank of India governor Raghuram Rajan said on Tuesday, but it will avoid a "big bang" liberalisation.

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Mahindra & Mahindra Sales Pace Up By 21% In November

Mahindra & Mahindra on Tuesday (01 December) reported a 21 per cent increase in the total sales at 41,590 vehicles in November

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AXA Raises Stake To 49% In JVs With Bharti Enterprises

French insurer AXA has raised its holdings in Indian insurance joint ventures with Bharti Enterprises to 49 per cent, the latest in a slew of similar deals after a rule change easing cap on foreign ownership in the local insurance companie

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Eight Indian Institutes Among World's Top 500 Universities

In a written reply to the Lok Sabha, Union HRD Minister Smriti Irani disclosed the rankings of the eight institutes from India on the international list

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Maruti Sales Up 9.7% In November At 1.2 Lakh Units

Maruti Suzuki India on Tuesday reported 9.7 per cent rise in total sales in November at 1,20,824 units as against 1,10,147 units in the same period, last year

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TV18, CNN Renew Brand Partnership

The Network18 Group and the international news channel CNN International on Tuesday announced that they had extended their brand alliance in respect of the English news channel, CNN IBN, for an unspecified period

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Jet Fuel Price Cut By 1.2 Per Cent; LPG Rate Hiked By Rs 61.5

Officials said the hike in LPG rates was due to firming global rates which has also led to payout on the subsidised cooking gas go up from Rs 127.18 per 14.2-kg cylinder to Rs 188.68

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Yuan's Inclusion In SDR Basket May Lead To Devaluation: Rajan

Reserve Bank of India Governor Raghuram Rajan said on Tuesday the inclusion of the yuan in the International Monetary Fund's special drawing rights basket could lead to more devaluation of the Chinese currency.

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