Those who were left out can apply for new bank licence: Rajan

Reserve Bank governor Raghuram Rajan on Friday defended handing out just two licences out of the 25 banking applicants saying the selection panel felt that some of them were better placed to serve......

Birla to pump in Rs 750 cr more in quest for banking foray

The Aditya Birla Group is pumping in Rs 750 crore (Rs 7.5 billion) more into its financial business in the rest of financial year 2014 to prepare it for a smooth transition to a bank, if the......

Mumbai is still a safe city, say expat CEOs

Expatriate CEOs, many of whom have made Mumbai their first homes, may be unnerved by the three-day terror strike in Mumbai, but none of them feel Mumbai or other parts of India have become unsafe......

Tatas to trim Tata Sky stake, Temasek to exit

Tata Sons, holding company of the Tata Group, is looking at the option of offloading a part of its 60 per cent stake in the loss-making direct-to-home Tata Sky Ltd to private equity players and......