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RBI in talks with govt to ensure mega bank mergers are non-disruptive: Das

by AIP Online Bureau | Sep 20, 2019 | Eco/Invest/Demography, Indian News, Regulation

  Mumbai: The Reserve Bank is in discussions with the government to ensure that the mega bank merger process is carried out in a non-disruptive, governor Shatikanta Das said Friday.   The critical issue is to ensure that the process of transition following...

FM’s boosters send markets soaring, add Rs 2.11 trillion to investor wealth

by AIP Online Bureau | Sep 20, 2019 | Eco/Invest/Demography, Indian News

Mumbai: Domestic investor wealth soared by Rs 2.11 trillion in morning trade on Friday as equity market rallied following a slew of economy-boosting announcements by Finance Minister Nirmala Sitharaman.   The BSE Sensex advanced over 1,300 points to a high of...

Govt cuts effective corporate tax rate to 25.75% to revive investment,market responds with a massive surge

by AIP Online Bureau | Sep 20, 2019 | Eco/Invest/Demography, Indian News

  PANAJI: Indian Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia’s third largest economy including a cut in corporate taxes.   Sitharaman told a news conference that the effective...

‘Have to do it’: Jeff Bezos sets deadline for Amazon to be carbon neutral

by AIP Online Bureau | Sep 19, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday committed the company to being carbon neutral by 2040 and said part of that pledge is an order for 100,000 electric delivery vans from a start-up the online retailer has invested in.   Cutting...

Google sets up AI research lab in Bengaluru

by AIP Online Bureau | Sep 19, 2019 | Eco/Invest/Demography, Indian News, Technology

  New Delhi: Google on Thursday said it is setting up an artificial intelligence research unit at Bengaluru as the tech giant looks to continue developing products for India and taking them to global markets. Google Research India, the artificial intelligence...
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