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Banks can give loans up to Rs 10 lakh to retail investors against infra bonds Mumbai: The Reserve Bank of India (RBI) has allowed banks to give loans to individuals against investment in long-term bonds issued to raise money for lending to infrastructure and affordable housing projects....

Business Standard November 28, 2014

Indian, Chinese companies sign $1.5bn MoU Ahmedabad: Jiaxing Kunlun Chuangyuan Investment Company Ltd (JKCICL) has signed a memorandum of understanding (MoU) worth US$ 1.5 billion with Kiri Infrastructure to set up the India International Trade Centre (IITC) project in Ahmedabad, Gujarat....

The Times of India November 28, 2014

Govt to divest CIL, ONGC, SAIL by end of Jan 2015 New Delhi: The Government of India plans to divest CIL, ONGC, SAIL by end of January 2015. A 10 per cent stake sale in CIL will fetch about Rs 21,968.3 crore (US$ 3.55 billion), while five per cent stake sale in ONGC will garner Rs 16,503.5 crore (US...

Business Standard November 26, 2014

Obama opens US borders to more talent from India New Delhi: The immigration reforms announced by Mr Barack Obama, President of the United States (US) seeks to significantly liberalise the visa regime for students, professionals and budding entrepreneurs ...

Business Standard November 24, 2014

Urban Development Ministry accords ‘in-principle’ approval for Chennai Monorail Project costing Rs 3,267 cr New Delhi: The Ministry of Urban Development has accorded in-principle approval to the Government of Tamil Nadu for taking up the Chennai Monorail Project (CMP) Phase-1. Under the project, monorail services will be provided between Poonamalle and Kat...

Press Information Bureau November 21, 2014
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