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RIL jumps 53 places, IOC tops 7 Indian firms on Fortune 500 list

7 Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue, with state-owned IOC continuing to be the highest ranked Indian firm and Reliance Industries (RIL) jumping 53 places. In the list topped by retail giant Walmart, Indian Oil Corp (IOC) with 23 per cent rise in revenues at USD ...

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LIC needs to acquire controlling stake of IDBI Bank

Union Cabinet chaired by PM Shri Narendra Modi has approved conveying of no objection to the reduction in Government of India shareholding in IDBI Bank Limited to below 50% by dilution. It has also approved the acquisition of controlling stake by Life Insurance Corporation of India (LIC) as the promoter in the bank through preferential allotment / open offer of ...

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RBI increases repo rate to 6.25%

The Reserve Bank of India raised the repo rate on Wednesday by 25 basis points to 6.25 per cent in a widely anticipated decision. RBI governor Urjit Patel said the decision was taken on the back of rising crude oil prices and HRA revision by various states that have pushed headline inflation up.

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Balram Bhargava is new DG of ICMR

Mr Balram Bhargava has been appointed the Director General of Indian Council of Medical Research (ICMR) and Secretary of the Department of Health Research. Bhargava, at present Professor/Senior Consultant Cardiologist at All India Institute of Medical Sciences (AIIMS) here, has been appointed to the post for a period of three years or until attainment of age of 60 years, according ...

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