India-US trade deal: Exports may push New Delhi’s trade surplus with Washington to over $90 billion, says SBI report

India’s trade surplus with the United States could exceed $90 billion annually, according to a new report by SBI. This growth has been driven by rising exports and higher import potential. Indian exporters could boost their top 15 items’ exports to the US by $97 billion yearly, with total exports potentially crossing $100 billion annually…

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RBI strengthens mis-selling norms, full refund if proven

MUMBAI: Reserve Bank of India (RBI) has sharply tightened the definition of mis-selling, removing one of the biggest defences used by banks and insurance companies that the customer had explicitly consented by signing documents. Under the new framework, regulated entities will also have to make full refunds in cases of proven mis-selling.In the Draft Reserve…

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SBI overtakes TCS, ICICI Bank in m-cap

MUMBAI: State Bank of India (SBI) on Wednesday went past Tata Consultancy Services (TCS) to become the fourth most-valued company in India. It’s also the most valued public sector entity. On Monday, SBI had gone past ICICI Bank‘s market capitalisation and now it’s within touching distance of Bharti Airtel‘s market cap.The recent surge in its…

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Akasa loses one more co-founder as Iyer quits

New Delhi: Akasa has lost another co-founder as Praveen Iyer — also the airline’s chief commercial officer (CCO) — has resigned. A few months back, co-founder Neelu Khatri, who was in charge of international operations had also quit. Akasa has appointed chief information officer as the new head of commercial. The resignations of key people…

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