ACME Group to invest Rs 600 crore in Punjab solar projects
New Delhi: ACME Group plans to invest Rs 600 crore (US$ 96.37 million) to develop 74 megawatt (MW) of solar photovoltaic (PV) power projects in Punjab.
Equity MFs increase cash holdings by 80 bps in January
Mumbai: Cash holdings of equity mutual funds in India rose by 80 basis points in January 2015, with the aggregate cash pile reaching Rs 12,000 crore (US$ 1.92 billion) by the end of the month.
RBI relaxes gold import regulations for banks
Mumbai: The Reserve Bank of India (RBI) has allowed nominated banks to import gold, including coins, on a consignment basis, extending its clarification issued in November 2014, which had eased certain categories of gold imports.
