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Adani Carmichael coal mine gets Federal Government approval

CONSERVATION groups have condemned the federal government?s conditional approval of the controversial $16 billion Adani Carmichael coal mine and rail project in central Queensland. Environment Minister Greg Hunt gave on Thursday conditional approval, based on 36 criteria, to the stalled…

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Alibaba gets CCI nod for acquiring 4.14% stake in Snapdeal

Chinese e-commerce giant Alibaba has received anti-trust regulator CCI’s approval for buying 4.14 percent stake in Snapdeal. A leading online marketplace, Snapdeal has been raising funds from various investors in recent times. Competition Commission of India (CCI) has approved the…

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Rs 2,000 crore fund to push financial inclusion: RBI

RBI today announced merger of two funds to create a new Financial Inclusion Fund with a corpus of Rs 2,000 crore to support ‘developmental and promotional activities’ for expanding reach of banking services. After completion of initial five years, RBI…

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US jobless claims lowest since 1973

The number of Americans submitting applications for jobless benefits unexpectedly declined last week to match the fewest in four decades.Initial unemployment claims dropped by 7,000 to 255,000 in the week ended October 10, a Labor Department report showed Thursday. The…

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Lakshmi Vilas Bank Q2 net jumps 42% as bad loans fall

Chennai-based private sector lender Lakshmi Vilas Bank has reported a 42.3 per cent rise in net profit at Rs 44.83 crore for the second quarter ended September 30. Bank’s profitability was attributed to an improved asset quality on substantial reduction…

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