RBI to set up panel on development of housing finance securitisation market

The Reserve Bank of India, on Thursday, announced that it will soon set up a committee to assess the state of housing finance securitisation market in the country. The move is aimed at bringing in standardisation of asset securitisation practices to enable better management of credit and liquidity risks. The committee, which will be announced soon, will also study the best international practices, and lessons learnt from the global financial financial crisis. It will propose measures to further develop these markets in India by identifying critical steps required, such as…

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Facelifted Honda Jazz all set to challenge Maruti Baleno & Hyundai i20 Elite in India

Honda is set to launch a facelifted version of the Jazz premium hatchback to take on hot sellers in the segment, such as the Maruti Baleno and the Hyundai Elite i20. While both the Maruti Baleno and Hyundai Elite i20 clock over 10,000 units each in sales every month, the Honda Jazz is a distant third in the premium hatchback segment, with average sales of less than 3,000 units each month. To make the car more appealing to prospective buyers and boost sales, Honda is lining up the facelifted version….

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Moto G6, Moto G6 Play Set to Launch in India Today: How to Watch Live Stream

HIGHLIGHTS The Moto G6 India launch event will be live streamed on YouTube Launch event is scheduled to start at 11:45am IST Motorola will not be launching the Moto G6 Plus in India today The Moto G6 and Moto G6 Play affordable smartphones will be launched in India today at an event Motorola is hosting in New Delhi. The Moto G6 and Moto G6 Play India launch comes roughly a month and a half after the global unveiling of the two handsets in Brazil; notably, the Moto G6 Plus model that was also unveiled in Brazil will not…

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Raghuram Rajan, corporate leaders to set up Rs750 crore university

(Standing left to right in front row) R. Seshasayee, Sajjan Jindal, Vishaka Desai, Anand Mahindra and Raghuram Rajan during the announcement of Krea University in Mumbai on Friday. Photo: PTI Mumbai: Personalities such as Anand Mahindra, R. Seshasayee, Sajjan Jindal, and former Reserver Bank of India governor Raghuram Rajan came together on Friday to announce the launch of Krea University, which will focus on liberal arts and science courses. These leaders will be associated with the university either as members of the governing or academic councils. Around Rs750 crore will be…

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This set of online classes can help you master the entire Microsoft Office Suite

Don’t let your Google Docs-loving friends tell you otherwise – Microsoft Office is still the king of the professional world. If you want to be a top performer in the office, you need to have a solid understanding of the Microsoft Office Suite. These programs can be challenging to learn, but there’s a new collection of online classes that’s great for newbies and experienced users alike: The Complete Microsoft Office Certification Bundle. This four-course collection gives you 20 hours of instruction in Excel, PowerPoint, and Access so you can not only learn the…

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Oppo Given Green Clearance to Set Up Manufacturing Unit in Noida

Chinese smartphone maker Oppo has been given green clearance to set up a mobile manufacturing unit in Greater Noida at a cost of Rs. 2,200 crores, a senior government official said. The Union Environment Ministry has granted the environment clearance to its Indian subsidiary Oppo Mobiles India Pvt Ltd for the proposed project. “The clearance has been given to the Oppo’s project after taking into account the views of an expert green panel. It is subject to compliance of certain conditions,” the government official said. The environment clearance certificate has already been…

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David Cameron to set up £750m UK-China investment fund

China’s President Xi Jinping drinks a pint of beer with David Cameron during his visit to Britain in 2015 CREDIT: GETTY David Cameron is helping to set up up a new £750m UK-China investment fund aimed at forging closer ties between the two countries, it has been confirmed. The former Prime Minister will become vice chairman of the new private equity fund after being approached for the role by Lord Chadlington, a friend and former Tory donor. The announcement, which confirmed reports published last month, came as the Government prepared to set…

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Xiaomi Says Planning to Set Up More Manufacturing Plants in India

Xiaomi India, popular for its smartphone brand, has plans to set up more plants and add capacity to manufacture phone and products in other categories. The company currently has three manufacturing plants – two for phones in Sri City, Andhra Pradesh and one for power banks in Noida, its Vice-President Manu Jain told reporters in Hyderabad. “We are definitely exploring. We want to add more capacity. We want to set up more plants, not just for phones, even for other categories like Mi-band. There are many other categories…,” he said….

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Samsung Electronics to Set Up AI Research Centre

Samsung Electronics Co Ltd said on Wednesday it would create an artificial intelligence (AI) research centre and strengthen an executive role to look for new business areas for all its three major business groups. The minor changes to the tech giant’s business structure were to “quickly respond to market changes,” Samsung Electronics said in a statement. The move follows last month’s appointment of a new generation of top managers that dispelled lingering worries about a leadership vacuum from the detention of Vice Chairman Jay Y. Lee. The new AI research centre would be under a…

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Finance Minister set to make ‘major’ announcement — banks recapitalisation on cards?

Finance Minister Arun Jaitley will make a major announcement on Tuesday evening, possibly in connection with the recapitalisation plans for public sector banks, sources have told CNBC-TV18. At a press conference scheduled for 4pm, the minister is likely to decide the plan for increasing capital to the weak balance sheets of banks including United Bank of India, UCO bank, Corporation bank, Allahabad Bank, Indian Overseas Bank, and Dena Bank, among other capital starved banks as the industry suffers from a decade-low credit growth at around 6 percent. According to sources, the minister may announce recap bonds (not…

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