NEWS

               TERROR STRIKES PARIS AGAIN              14-11-2015

Gunmen and bombers struck busy restaurants, bars and a concert hall at locations around Paris on Friday, killing more than 120 people in what a shaken President Francois Hollande described as an unprecedented terrorist attack. 


                                                                                      26-04-2015


'MAN KI BAAT' - ANNA LASHES OUT AT MODI

Unimpressed with Prime Minister Narendra Modi’s explanation in  ‘Man ki Baat’ programme, social activist Anna Hazare accused him of “misleading” farmers on land acquisition Bill.

Responding to Modi’s argument that the opposition parties were “misleading” farmers, 77-year-old anti-corruption activist said “Modi has been misleading the farmers over the Land Acquisition Bill.


Hazare said Modi was watching others with “coloured glasses” and “this bill itself was misleading.




WORLD BANK CUTS CHINA'S GROWTH                                12-04-2015

World Bank has cut the China's growth in 2015 to 7.1 percent from earlier 7.5%. China's Q1 earnings this year, could be the lowest in the last 6 years, according to World Bank.



SBI CUTS RATES                                                                       12-04-2015

SBI has announced a cut in home loan interest rate by up to 0.25 per cent for new borrowers.

For women borrowers the rate has been aligned to the base rate at 9.85 per cent per annum.However, for other borrowers, the interest rate will be 9.90 per cent, 5 basis points higher than the base rate or the minimum lending rate.The rates will be applicable for all new home loans sanctioned on or after April 13.



NRN TO JOIN AAP?                                                                   04-04-2015

Infosys founder and former top boss NR Narayana Murthy appears to be leaning closer to Aam Aadmi Party amid speculation that Arvind Kejriwal is keen to bring on board India's best-known name in information technology. 

After V Balakrishnan, a former Infosys director, joined AAP and contested from Bengaluru last year, it appears that Kejriwal is keen to tap Murthy's expertise in various areas. 





INFY DELAYS RESULTS                                                               03-04-2015
In a marked departure from tradition, Infosys will announce the its fourth quarter and year ended March 31, 2015 results  on Friday, April 24, 2015 at 1:15 p.m.


 RAJAN WARNS BANKS

The RBI Governor Raghuram Rajan warned banks against over lending to the infrastructure sector saying that it should not override financial stability.
The nation has enormous financing needs in infrastructure, and far too many of our banks already have too much exposure. Big corporate infrastructure players have also taken too much debt. The required national push to finance infrastructure should not override financial stability, which is key to national security.






KOTAK- ING VYSYA MERGER GETS RBI NOD

RBI has approved the merger of Kotak Mahindra Bank and ING Vysya Bank. From now on, all ING branches will function as Kotak branches.  

The acquisition will make Kotak Mahindra Bank the fourth largest private sector lender in the country, will  have about 1,200 branches and a total business of Rs 2.25 lakh crore, as on December 2014, and a combined market capitalization of close to Rs 1.25 lakh crore.






CARTEL LOOT RAILWAYS : METRO MAN


The cash-strapped railways will end up saving Rs 10,000 crore annually if the railway board stops all centralized procurement, according to 'Metro man' E Sreedharan. 


P M TO LAUNCH MUDRA BANK ON APRIL 8

 Narendra Modi will launch on April 8 the Rs 20,000 crore MUDRA Bank. MUDRA stands for Micro Units Development and Refinance Agency. 

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