RBI concerned over cases against banks in Maha on farm loans

Last Updated: Tuesday, July 14, 2015, 22:12

Even as Maharashtra initiates criminal proceedings against some banks for "not" meeting farm loan target, Reserve Bank Tuesday defended them saying lenders have been doing a commendable job in agriculture sector.

IGL raises stake in MGNL to 50%

Last Updated: Monday, July 13, 2015, 11:14

Earlier this year, IGL acquired 4.75 crore shares in MNGL in the first tranche at a price of Rs 38 from certain financial investor shareholders of MNGL.

Cities raising Rs 50 crore to be chosen for 'Smart City' project

Last Updated: Friday, July 3, 2015, 11:26

The cities which have the capacity to raise an initial fund of Rs 50 crore and additionally spend Rs 200 crore annually for next five years, will be selected for the 'Smart City' project.

Bank of Maharashtra, MUDRA seal pact to finance small business

Last Updated: Sunday, June 28, 2015, 17:23

Under the new scheme, there are three categories of loans, 'Shishu' (loan of up to Rs 50,000), 'Kishor' (loan above Rs 50,000 up to Rs 5 lakh) and 'Tarun' (above Rs 5 lakh and up to Rs 10 lakh), that will be sanctioned and disbursed by banks, it said.

Maharashtra to invest Rs 10,000 cr to develop railway infrastructure

Last Updated: Saturday, June 27, 2015, 20:45

"Though the Centre allocates funds for railways, the state government too will invest Rs 10,000 crore apart from union government's grants within the next five years," he said.

Maharashtra to appoint housing regulatory body for home buyers

Last Updated: Tuesday, June 16, 2015, 10:24

Maharashtra government will soon appoint a regulatory body to safeguard interests of home buyers after the Centre gave a go ahead to the state to frame rules to implement the Housing Regulatory Bill passed by the legislature and approved by the President.

IT raids against Chettinad Group of companies

Last Updated: Wednesday, June 10, 2015, 11:47

The group's Chairman Emeritus M A M Ramaswamy had yesterday declared that he has disowned his son M A M R Muthiah whom he adopted in 1996.

Over 8 crore commuters travelled in Metro since June 2014

Last Updated: Sunday, May 31, 2015, 16:46

The smart card users of Mumbai Metro, would be able to get into a shopping spree on the 11.4 km long metro corridor connecting Versova with Ghatkopar via Andheri from 1 June onwards.

DMIC: Govt clears Rs 4,318 cr to construct trunk infra

Last Updated: Saturday, May 30, 2015, 17:24

The government on Saturday approved Rs 4,318.28 crore for constructing roads and basic amenities at two industrial regions in Gujarat and Maharashtra under the Delhi-Mumbai Industrial Corridor (DMIC) project.

Bank of Maharashtra cuts base rate by 25 bps to 10%

Last Updated: Friday, May 29, 2015, 17:31

State-run Bank of Maharashtra on Friday trimmed its base rate by 25 basis points to 10 percent, effective Monday, following its larger peers, which will bring down the cost of home, car and retail loans.

Vodafone invested 1,050 cr in Maha, Goa circle in FY15

Last Updated: Wednesday, May 27, 2015, 23:15

Vodafone India has invested over Rs 1,050 crore in Maharashtra and Goa circle in the last fiscal to broad-base network and strengthen retail presence.

Cup of tea to get costlier in Mumbai as govt decides to hike milk price

Last Updated: Wednesday, May 20, 2015, 13:02

Maharashtra government is coming out with a an ordinance to fix the minimum support price (MSP) for milk from base-point suppliers at Rs 20 per litre.