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RBI permits foreign banks' subsidiary to acquire pvt banks

The Reserve Bank on Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country. It also allowed......

HSBC to halve branches, slash 300 jobs in India

The exercise will lead to over 300 job losses, which is less than one per cent of its total workforce of over 33,000 people in the country. British banking major HSBC on Thursday announced a......

5 FDI proposals worth Rs 6,050 crore get cleared

  Government on Thursday approved five foreign investment proposals involving an inflow of Rs 6,050 crore (Rs 60.5 billion), including a Rs 5,000-crore (Rs 50-billion) plan of Cadila......

India Inc's global investment shrinks in August

Overseas direct investments by Indian firms declined 49 per cent year-on-year to $1.25 billion in last month, as per RBI data. Investments abroad had amounted to $2.47 billion in August 2013. As......

India Inc's Jul overseas direct investment fell by 53%

Overseas direct investment by Indian companies fell by over 53 per cent year-on-year to $1.16 billion in July 2014, as per RBI data. Investment abroad by Indian firms were at $2.47 billion in July......
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  Web results for Wos
REC gets nod to incorporate 5 project specific SPVs as WOS

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