More Steps to Rationalise Subsidies on Anvil: Arun Jaitley
New Delhi: Assuring India Inc of NDA’s commitment to carry forward economic reforms, Finance Minister Arun Jaitley today said the government will come out with more steps to rationalise subsidies. “I had a series of meeting with the Expenditure Management Commission. They are... read more »
Aurobindo Pharma completes $132.5-million Natrol acquisition
NEW DELHI: Drug firm Aurobindo PharmaBSE -0.68 % has completed the acquisition of assets of nutritional supplement maker Natrol Inc and its other affiliate entities for $ 132.5 million (over Rs 810 crore). Aurobindo Pharma acquired “manufacturing assets, personnel, commercial infrastructure... read more »
RBI injects Rs 38.46 bn in banking system via repos
The Reserve Bank of India (RBI) has injected Rs 38.46 billion in the banking system via 1-day repo on Dec. 3, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 13 bids for 1-day repo, were accepted. These repos are traded at a fixed rate of 8%. RBI... read more »
HDFC Bank to cut lending rate by March: Aditya Puri
Having cut its deposit offering by up to 0.50 %, the country’s second-largest private sector lender HDFC Bank will be cutting its lending rate by March, a top official said on Friday. “Now I’ve reduced my fixed deposit rates, and you will see by March or so base rate will come... read more »
