Moody’s says 17 banks could follow IDBI Bank in facing RBI’s prompt corrective action on paying dividends and may be asked to raise more capital after a surge in bad…

India is unlikely to achieve its target of achieving 40 GW power capacity through rooftop solar pojects by 2022 given the slow pace of the programme Source: Livemint.com (http://www.livemint.com/rss/industry)

India’s solar power tariffs fell to a new low of Rs2.62 per unit during the auction of a 250MW capacity at Bhadla in Rajasthan Source: Livemint.com (http://www.livemint.com/rss/industry)

World Bank’s IFC will buy Bajaj Finance’s secured, fixed, rated and listed NCDs, proceeds of which will be used to give out loans to MSMEs Source: Livemint.com (http://www.livemint.com/rss/industry)

Siam data shows sales of passenger vehicles in India rose 14.68% in April from a year earlier, largely on the back of demand for compact cars Source: Livemint.com (http://www.livemint.com/rss/industry)

IBM is focusing on some key areas including data science, cognitive, artificial intelligence and blockchain even as it appoints a chief digital officer for India Source: Livemint.com (http://www.livemint.com/rss/industry)

Mobikwik is in advanced talks to raise more than $100 million from BlackRock and state-run banks including Bank of Baroda and Canara Bank Source: Livemint.com (http://www.livemint.com/rss/industry)

FSSAI has also banned advertisements of packaged foods with high fat, sugar and salt content on children’s TV channels as they can cause several lifestyle diseases Source: Livemint.com (http://www.livemint.com/rss/industry)

According to the RBI private bank ownership norm, promoter holding in a bank should not exceed 15% in order to ensure better governance and diversified shareholding Source: Livemint.com (http://www.livemint.com/rss/industry)

Solar capacity in India is expected to touch 18.7GW by the end of 2017, which is about 5% of global solar capacity, according to a Bridge to India report Source:…