Earlier this month, Essar Shipping, Port and Logistics (ESPLL) completed the demerger process for hiving off the company into two entities - Essar Ports Ltd and Essar Shipping Ltd.
The Reserve Bank on Thursday said that deregulation of the interest rate on savings banks accounts would benefit savers, as it would enable lenders to come out with innovative products.
UK-based Vedanta Group on Tuesday said it has received market regulator Sebi's nod for a $9.6 billion deal to acquire a 51 per cent stake in Cairn India and will launch an open offer soon.
The country's largest private lender ICICI Bank is all set to increase the home loan interest rate by 25 basis points to 8.5 per cent from on Wednesday.
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