HDFC Bank breaches RBI limits on loans to Reliance Industries
Leading private sector lender HDFC Bank has “exceeded” the single-borrower limits prescribed by regulator RBI in case of its credit exposure to corporate giant Reliance Industries Ltd (RIL). The bank, however, said its board of directors approved “the said excess in respect of this... read more »
L&T secures new orders worth Rs 2,035 crore
Engineering and construction major Larsen & Toubro (L&T) today said it has received orders worth Rs 2,035 crore across various business verticals. “The construction arm of L&T won orders worth Rs 2,035 crore across various business segments in June 2015,” the... read more »
Chennai metro tunnelling causes cave-in, road gulps car
Acrater more than 10 feet across swallowed a car after a combination of metro rail tunnelling and layers of loose soil apparently caused a sudden cave-in near Rajiv Gandhi Government General Hospital on Poonamallee High Road at 2.15pm on Friday afternoon. As the road subsided without warning by at... read more »
GOVT HIKES MINIMUM EXPORT PRICE OF ONION TO CHECK DOMESTIC MARKET RATE
In an effort to curb soaring prices of onion in the domestic market, the government has increased the minimum export price (MEP) of onion by more than 140% from $175 per tonne to $425 a tonne. “Export of all varieties of onions will be subject to a MEP of $425 FOB (freight on board) per tonne,”... read more »
