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17 October, 2017 3:44 PM Investments in foreign units fall 39%

India Inc.’s investment in overseas ventures fell by almost 39.3% to $2.65 billion in September this year, according to the RBI data released on Tuesday. Domestic companies had committed $4.37 billion as outward foreign direct investment in the year-earlier period. In August 2017, India Inc. had invested $1.34 billion in their overseas ventures that were either 24

16 October, 2017 4:12 PM CD volumes fall to decade low

With banks’ deposit growth outpacing loan growth, the lenders’ reliance on borrowing through certificate of deposits (CDs) has declined. Outstanding CDs plunged to ₹82,400 crore as on September 15, the lowest in a decade, said a report by rating agency ICRA. “With weak credit growth from the banking sector and a surge in deposit base post demonetisation 19

16 October, 2017 3:25 AM Stones pelted, pro-Pak slogans raised after techie reports cow slaughter

A Bengaluru techie on Sunday fell prey to mob brutality as she was assaulted by over 150 people after she reported a case of alleged illegal cow slaughter taking place in Talaghattapura area located on the outskirts of the city. The victim, identified as Nandini, alleged foul play on the end of the police, stating that she felt 'trapped' in the situation 81

14 October, 2017 11:12 PM Largest MFI deal: IndusInd Bank to buy Bharat Financial Inclusion

IndusInd Bank’s managing director Romesh Sobti said BFIL's shareholders will receive 639 shares of IndusInd for every 1,000 shares of the microfinance major, implying a premium of 12.6% to BFIL over two-week volume weighted price. Almost a month after entering into an exclusivity agreement, IndusInd Bank and the country’s second-largest microfinance 36

14 October, 2017 9:29 AM India takes on China at another battlefront: A Sri Lankan airport

The Doklam conflict between India and China amply highlighted the fight between the two countries for supremacy in South Asia. India is strongly asserting against China which is trying to build strategic assets in the garb of infrastructure projects all around India. It is the continuation of the old Chinese 'String of Pearls' policy that aims at ring-fencing 33

12 October, 2017 2:15 AM 7th Pay Commission: 758,000 teachers to rejoice as govt approves pay hike

Govt has also announced two new skill schemes; wants to send 300,000 youth for training in Japan The central government cleared the pay commission recommendation for revision in salaries for teachers and academic staff. There is some good news for as many as 758,000 teachers and other academic staff at 106 institutions under the Union government and 329 universities 118

12 October, 2017 12:53 AM PMEAC identifies 10 key areas, advises Narendra Modi government to stick to fiscal road map

The newly formed Prime Minister’s Economic Advisory Council (PMEAC) on Wednesday acknowledged a slowdown in the economy but felt the fiscal consolidation process should not be stymied. Addressing reporters after the first meeting of the council, its chairman Bibek Debroy said: “There is a consensus (among members)… that the fiscal consolidation exercise 42

11 October, 2017 8:13 PM Rs 6,655 crore schemes to boost Skill India Mission get Cabinet nod

NEW DELHI: In a major push to Prime Minister Narendra Modi’s pet project Skill India Mission, the Cabinet Committee on Economic Affairs on Wednesday approved two new skill development schemes. The Union cabinet approved seventh pay commission award for teachers, a Diwali gift that will benefit nearly 8 lakh teachers employed in central government educational 62

9 October, 2017 8:14 AM Market Live: Nifty remains below 10K amid consolidation ahead of Q2 earnings

2:38 pm Loan for green projects: Anil Ambani led Reliance Capital arm will get a loan assistance of Rs 300 crore from government body IREDA to utilise funds for on-lending to renewable energy sector. "Reliance Money (a brand of Reliance Commercial Finance or RCFL) signs Rs 300 crore agreement with Indian Renewable Energy Development Agency Ltd (IREDA) 46

8 October, 2017 6:14 PM Selling revolution & prosperity: Can PM Modi do the impossible?

Every crisis is an opportunity for political leadership. It is an opportunity for change, to cleanse the system of bad policies, skewed priorities and bad implementation. It is an opportunity to shake things up and put in place a new system, a new team. One of 20th century’s greatest politicians Franklin D Roosevelt recognised this. He used the crisis 17