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Banks on expansion spree as licensing norm eased  |
Business Standard |
May 25, 2010 |
Kolkata: With the Reserve Bank of India (RBI) allowing domestic scheduled commercial banks to open branches in Tier-III to VI cities without prior permission, the banks plan a double expansion leading to a substantial rise in the number of new bank branches |
| Govt relaxes work visa norms for IT cos |
The Economic Times |
May 24, 2010 |
New Delhi: The government has relaxed employment visa norms for the over US$ 60 billion information technology (IT) industry, allowing companies to hire foreign nationals as per their requirements. |
| SEBI eases listing rules for SMEs |
The Economic Times |
May 19, 2010 |
Mumbai: The Securities and Exchange Board of India (SEBI) has relaxed share-listing norms for small and medium enterprises (SMEs) by allowing them to disclose their financial results every six months instead of three months, as is the norm for bigger companies. |
| Investors can now apply to new fund offers |
The Economic Times |
May 17, 2010 |
New Delhi: Securities and Exchange Board of India (SEBI) has extended the Applications Supported by Blocked Accounts (ASBA) facility to mutual funds' new fund offers (NFOs). |
| Capital flows to gain further momentum, says Gokarn |
Business Standard |
May 14, 2010 |
Mumbai: According to Mr Subir Gokarn, Deputy Governor, Reserve Bank of India, investments in India are expected to gather further momentum in the coming days on the back of enhanced liquidity in the global system. |