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Railways gives green light to go cashless New Delhi: The Indian Railways plans to install one or more point of sale (PoS) machines at ticket reservation counters across the country, out of which about 1,000 of these machines to be made available by December 31, 2016, to make railway travel b...

Economic Times December 02, 2016

IRDA allows insurers to invest in additional tier 1 bonds Mumbai: The Insurance Regulatory and Development Authority of India (IRDA) has allowed insurers to invest up to 10 per cent in additional tier 1 (AT1) bonds, that are issued by banks to augment their tier 1 capital, in order to expand the pool of eli...

Livemint December 02, 2016

IFC invests Rs450 crore for 29% stake in Apollo Health Hyderabad: International Finance Corporation (IFC), the investment arm of World Bank, has invested around Rs 450 crore (US$ 65.8 million) for a 29 per cent stake in Healthcare major Apollo Group’s subsidiary Apollo Health and Lifestyle Ltd, whi...

Livemint December 02, 2016

Government gears up to facilitate Aadhar based financial transactions through mobile phone New Delhi: The Government of India plans to implement Aadhaar-enabled transactions as part of its drive to convert the country into a cashless economy, which would enable android phone users to digitally transact through mobile phones using their Aad...

Economic Times December 02, 2016

Realty investment trusts have US$ 77bn opportunity in India Mumbai: Real estate investment trust (REIT)-eligible commercial office and retail properties are estimated to offer investment opportunity worth US$ 77 billion by 2020, according to a report by Cushman & Wakefield....

Economic Times December 02, 2016
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