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  Govt To Launch Process Of Allowing Foreign Airlines 49% Stake In Indian Carriers

  January 17, 2012 20:27 IST

  New Delhi, Jan 17: Accepting a major demand of the cash-strapped aviation industry, the government today said it would soon launch the process to allow foreign airlines 49 per cent stake in Indian carriers.A meeting

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  RBI Unveils Draft Norms On Allowing Corporates To Set Up Banks

  August 29, 2011 19:47 IST

  Mumbai, Aug 29: After discussing it for over an year, the Reserve Bank today came out with draft guidelines for allowing business houses with successful track record and a minimum capital of Rs 500 crore