Top economic news of the day

India Infoline News Service | Mumbai |

NA

Growing at an average rate of about 20 %, India’s biotech industry, comprising bio-pharmaceuticals, bio-services, bio-agriculture, bio-industry and bio-informatics, could reach the US$7 bn mark by FY15.(BL)

Public sector banks, which had shelved plans to raise funds in adverse market conditions, are once again lining up QIP (qualified institutional placement) issues to strengthen their capital base and finance business growth.(BS)

The Reserve Bank of India (RBI) is expected to announce guidelines on differentiated bank licences, as well as on ‘on-tap’ licences by the end of this year, R Gandhi, the central bank’s deputy governor, has said.(BS)
 

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