Indian Overseas Bank will shortly open 'representative offices' in UAE, Malaysia, China and Canada, subject to the approval of the board and the Reserve Bank of India, S C Gupta, managing director, IOB, said on Saturday.
Meet the Mango Phone, which should hit the Indian markets by the month-end.
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
The Hub will contribute to developing a knowledge-sharing platform and network between govts, the private sector, development banks and other international organisations
The UAE central bank will then make payments in dirhams to Iran.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
It said New Delhi increased its purchase of foreign exchange over the first three quarters of 2017 which does not appear necessary.
Indian reserves stood at $343 billion at the end of March 2015.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
A World Bank report says that in comparison to 708 R&D researchers per million population in China, the number was a dismal 119 in India in 2004. While the same is 3,319 in Russian Federation, in Brazil the number of researchers per million population is a much better 344.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
And it happens in Nagaland.
The New-York based Goldman Sachs, one of the world's oldest and largest investment banking firms, plans to enter the buoyant mutual fund business in India.
India is ranked best among the BRICS nations, out of which South Africa is 17th, Brazil 35th and Russia at 100. China is much lower at 132nd place.
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
"In the current, weak-Dollar situation," says German economist Peter Bofinger in an interview with Der Spiegel, "a treaty should be signed by the central banks of China, South Korea, Japan, Russia and other countries that have huge Dollar reserves...so that they don't dump massive amounts of dollar onto the market.
Prime Minister Narendra Modi hailed as "historic" the jump.
It had upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms would help stabilise rising levels of debt.
Potential buyers of assets of bankrupt Daewoo Motors India Ltd have won an extension of three or four weeks in which to submit bids, an official from a creditor bank told Reuters on Thursday.
The Korean giant Samsung will be hiring them.
The APG released its much-awaited 228-page 'Mutual Evaluation Report' on Saturday, 10 days ahead of the key Financial Action Task Force's plenary meeting which will give its decision on Pakistan's 'grey list' status.
India ranks 130 in ease of doing biz report; jumps 12 spots
'A very vast majority of us will catch it at some point, about 8 out of 10 won't feel much worse than a common cold's nuisance, if at all, but some will die.' 'A very, very vast majority, at least about 98 per cent of those infected, if not more, under any circumstances, will live through it,' observes Shekhar Gupta.
If Mr Modi and his team expect to win the 2019 elections, groundwork for improved performance in their second term should be done now.
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
Two South Korean speed skaters are facing growing calls for them to be banned from the national team after they appeared to blame a team mate for their failure to reach the semi-finals of the women's team pursuit at the Pyeongchang Winter Olympics.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
This is the biggest one-day fall in the rupee since August 3, 2016
'Obviously, there is always an argument that a weaker rupee could push up, to some, extent exports.' 'The fact that the rupee has appreciated against the Chinese currency is pushing a lot of Chinese imports into the Indian market.'
If Pakistan continues with the 'Grey List' or put in 'Dark Grey' list, it would be very difficult for the country to get financial aid from the IMF, the World Bank and the European Union, making its financial condition more precarious.
This is the first visit by diplomats to the newly carved out UT.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
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