Kolkata, May 18 (IANS) The country's largest lender, State Bank of India (SBI), Saturday the Reserve Bank of India (RBI) should become the sole regulator for all home loan institutions - banks as well as housing finance companies.
There was just 1.6 per cent growth witnessed in the Russian GDP in the first quarter this year, which is its fifth quarterly fall, according to the country's federal statistics service.
Genrent do Brasil has been awarded a concession to build a 70 MW thermoelectric plant and temporarily supply electricity to the Peruvian Amazon city of Iquitos, authorities said.
The Royal Bank of Scotland (RBS) has that it will cut 1,400 jobs over the next two years as part of plans to restructure its retail head office operations in Britain, a media report said.
US President Barack Obama has said that the acting commissioner of Internal Revenue Service (IRS), which is at the centre of a scandal that subjects conservative groups to extra scrutiny, has resigned and Treasury Secretary Jack Lew has accepted it.
Russian state-run oil giant Rosneft has pledged to invest around $100 million in geological prospecting and drilling off Vietnam after it received approval for a new oil bloc there, Rosneft CEO Igor Sechin said.
Mumbai, May 15 (IANS) The Reserve Bank of India (RBI) will issue inflation-linked bonds of Rs.12,000 crore to Rs.15,000 crore in the current financial year to protect the savings of the poor and middle classes from the general price rise and help curb gold imports.
A benchmark index of the Indian equities markets surged nearly 500 points Wednesday led by strong buying support in interest rate-sensitive banking, realty and auto stocks on expectation of rate-cut after inflation fell to a three-year-plus low.