HDFC Bank to raise Rs 50,000 crore via debt issue this fiscal
Private sector lender HDFC Bank on Monday said it plans to raise fund up to Rs 50,000 crore by issuing debt instruments over the next 12 months.The bank will raise capital over the period of next twelve months through private placement mode, it said in the exchange filing.
The board of directors would consider this proposal at its ensuing board meeting to be held on April 20, 2019, it added.
India highest recipient of remittances at USD 79 billion in 2018: World Bank
India retained its position as the world's top recipient of remittances with its diaspora sending a whopping USD 79 billion back home in 2018, the World Bank said. India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion), the global lender said. With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.UK court rejects Mallya's plea to appeal against his extradition
A UK High Court has rejected Vijay Mallya's application to appeal against his extradition, a move that brings India closer in getting back the embattled liquor tycoon wanted in alleged fraud and money laundering charges amounting to Rs 9,000 crores. The 63-year-old former Kingfisher Airlines boss had filed the application seeking "leave to appeal" in the High Court on February 14 against his extradition order
BJP promises to lower taxes, make India USD 5 trillion economy
Lower tax rates, interest-free agriculture loans up to Rs 1 lakh and steps to make India a USD 5 trillion economy by 2025 are among the key promises of the ruling BJP as it unveiled the manifesto for the general elections starting April 11. Building 60,000 kilometres of national highways, connecting all villages with rural roads, operationalising 100 new airports, modernising 400 railway stations, and covering 50 cities are also part of the manifesto or 'Sankalp Patra'
Ground zero: Logging into Facebook's election war room
Days before India begins to vote, thousands of miles away a team of experts maintain round-the-clock vigil on election-related chatter on Facebook, ready to combat the first signs of misinformation, voter manipulation tactics, poll interference and fake news. Facebook -- which counts India as one of the biggest base outside the US -- has put in motion an elaborate strategy at the headquarters here with 'information warriors' at its election war room watching out for hoax, voter supression attempt, suspicious account behaviour, hate messages, fake accounts, and spikes in spam.Modi, Trump campaigns similar, rely on playing with people's emotions: Pitrod
Prime Minister Narendra Modi and US President Donald Trump's campaign strategies are similar as both rely on "playing" with people's emotions, Indian Overseas Congress chief Sam Pitroda said Monday. Speaking on 'political campaigns in the digital era', Pitroda, a long-time Gandhi family adviser, said digital era is about sound bytes, gimmicks, and videos as opposed to the in depth analysis by journalists earlier.
Pakistan's economy out of crisis phase: Finance Minister
Finance Minister Asad Umar said on Monday that Pakistan's economy was out of the crisis phase even as the cash-strapped country's economic growth is projected to slump further to 3.9 per cent in fiscal year 2019 from 5.2 per cent in 2018.