In a move to close in on black money and money laundering the government has announced a slew of measures. The Union Cabinet approved the introduction of Prevention of Money Laundering (Amendment) Bill, 2008 in Parliament.

In a newly circulated guidelines, Reserve Bank of India (RBI), India’s banking authority, has instructed all banks to include their derivatives on their respective bank balance sheets. According to the new release

India’s state owned bank SBI’s (State Bank of India’s) recent decision on restricting loan allotment to farmers may worsen the ongoing food crisis further; at least US may think so! Though, the decision is very likely to be revoked seeing the government’s pro-farmer image. With general election over head,

A recent report published by the World Gold Council (WGC) says that China has increased gold consumption in recent past leaving India and other countries far behind. Demand for gold in India has dropped by about 50% in the last quarter, whereas a sharp 15% rise for the same has been reported from China

In a move to strengthen business interest overseas, Bharti is eyeing for MTN telecom, and might have even reached a secret deal with the company. If Bharti’s proposed bid goes through, the leading Indian telecom company will

After Tata, now Bajaj-Renault-Nissan is in the field of manufacturing low cost luxury cars for middle class Indian families, a recent report has said. Tata’s Nano, the much hyped low cost next generation family car, had generated enough ripples