State Bank of India on Wednesday said its board has given nod to raise Rs 200 billion for financing affordable housing and infrastructure projects through long-term bonds.

"The executive committee of the Central Board in its meeting held today has inter alia approved, the proposal for issuance of long-term bonds of Rs 200 bill the on for financing of infrastructure and affordable housing in domestic and overseas market in FY 2017-18 and FY 2018-19," the country's largest bank said in a BSE filing.

Completing 20 years of its operations in the country, Volvo Group in India on Wednesday said it is looking at a compound annual growth rate (CAGR) of 10 % to 15 % over the next seven to ten years.

“The last two years have been phenomenal for us; we have grown by 40 % in our top line and also in rofits, which is very good,” Volvo Group India Pvt Ltd President and MD Kamal Bali said.

All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank said today amid reluctance by certain traders to accept the coins.

"It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept Rs 10 coins due to suspicion about their genuineness," the RBI said while reiterating legal tender status of the coins of different designs.

Commercial vehicles (CV) major Ashok Leyland, signed a Letter of Intent (LoI) with Israel-based firm Phinergy to secure long-term arrangements for its electric CVs.

Ashok Leyland and Phinergy will work towards the adaptation of unique, competitive, and sustainable solutions for high-energy applications in the commercial vehicles space in order to provide varying energy management solutions to the customers.

South Korea's Hyundai Motor Group pledged to hire about 45,000 people over the next five years amid an emphasis on jobs by the government, but analysts doubted if the conglomerate would meet the goal as it was eyeing cost cuts to counter sluggish sales.

South Korea's finance ministry announced on Wednesday Hyundai Motor Group's plan for hiring and investing about 23 trillion won ($21.56 billion) over five years after Finance Minister Kim Dong-yeon visited the group's lab earlier in the day. The group includes flagship Hyundai Motor Co and Kia Motors Corp.

Pakistan Foreign Minister Khawaja Asif on Wednesday criticised Israeli Prime Minister Benjamin Netanyahu's visit to India, saying both India and Israel have anti-Islam nexus.

Asif, in an interview to a private channel, said that both the countries have a connection as they have occupied Muslim territories - India has occupied Kashmir, while Israel is occupying a vast area of Palestine, reported Radio Pakistan.

Thomson Reuters Corp on Wednesday published its debut "Top 100 Global Technology Leaders" list with Microsoft Corp in the no. 1 spot, followed by chipmaker Intel Corp and network gear maker Cisco Systems Inc .

The list, which aims to identify the industry's top financially successful and organisationally sound organizations, features US tech giants such as Apple Inc, Alphabet Inc, International Business Machines Corp and Texas Instruments Inc, among its top 10.

Calcutta: Reliance Industries has earmarked Rs 5,000-crore investment for Bengal in the coming years to expand its retail and petroleum outlets.

Speaking at the fourth edition of the Bengal Global Business Summit here on Tuesday, RIL chairman Mukesh Ambani outlined an eight-point business expansion agenda for the state across telecom and education as well as fresh investment in other businesses such as retail and petroleum.

Mumbai: Reliance Communication (RCom), which is in the middle of a major debt restructuring, on Tuesday said it would construct a 22,000km undersea cable network at an investment of $600 million, a move that would help expand the company’s enterprise segment after it shut down its wireless service, a top company executive said.

Not because I missed the great run-up (though I did) and not because I fear that the bitcoin bubble will end badly (it will, but that’s not my problem). Rather, it is because I have been waiting for decades for someone to invent a purely digital currency, a currency for online purchases that wasn’t linked to a credit card. It was the killer app (as we used to say) that no one ever figured out.

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