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Sensex gains; post 3rd consecutive weekly gain

India’s stock markets recovered from mild falls to advance on Friday, posting their third consecutive weekly gain, as hopes for rising sales during the ongoing festive season lifted sectors such as auto makers, trumping earlier concerns about earnings. Maruti Suzuki…

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Payments banks want RBI to ease Rs 1 lakh limit

Successful applicants for the payments bank licence are lobbying with the Reserve Bank of India (RBI) to increase the limit of Rs 1 lakh per customer on the grounds that this could lead to ‘reverse financial exclusion’. In a meeting…

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India fourth fastest growing FDI source for US

Foreign direct investment (FDI) by Indian firms into the US has touched $11 billion making the Asian country the fourth fastest growing source of such investment in the North American nation, an official said here on Friday. “India has become…

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Railways to expedite execution of projects

months. Also, the new policy would allow each railway zone to call tenders immediately after a request for in- principle approval (IPA) is received by the NITI Aayog without waiting for its approval. However, a financial commitment to the awardees…

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Aviation ministry mulls manufacturing policy

The government is looking at boosting manufacturing in the aviation sector through bilateral deals.?India provides significant business opportunities to many countries. Based on the passengers and business we provide to them, a bilateral agreement can require (the other party) to…

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Xi pledges to remove poverty in China by 2020

Chinese President Xi Jinping on Friday vowed to lift the remaining over 70 million people in the world’s second biggest economy out of poverty by 2020, which amounts to a million people a month. Chinese government will enact more support…

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