The Hongkong and Shanghai Banking Corporationon Friday announced it will acquire the Indian business of Royal Bank of Scotland worth $1.8 billion, a move that will help the British giant gain greater exposure in the country.
Standard Chartered Bank is expected to seal the deal of its Mutual Fund business in the near future.
The business centre is adding staff in India, China, Hong Kong, Taiwan and Korea, with dedicated pavilions for China and Japan. this has been made possible through addition of a new island in the virtual world, a statement from the IT major said on Monday.
The conference will discuss issues and solutions to the unique challenges common to family businesses
Sounding critical of and disappointed by the collections presented at the Lakme India Fashion Week, big business houses said the designers should shun duplication of designs and trends, be more organsied, and "edit" their presentations.
Even after UBS Global Asset Management's $220 million deal to acquire Standard Chartered Bank's mutual fund management business in India fell through, the Swiss financial services giant exuded confidence that it will beef up its asset management business operations in the sub-continent.
Dr Reddy's Foundation, the social arm of pharma major Dr Reddy's Laboratories, has set up its first Livelihood Advancement Business School centre outside India at Hanoi, Vietnam.
Gems and jewellery exports may have risen over 20 per cent so far this fiscal, but the rising rupee has cost 150,000 diamond workers their jobs in the last one year, the head of the Gems and Jewellery Export Promotion Council, Sanjay Kothari, said.
The general insurance industry recorded 12.5 per cent growth in business at Rs 14,452 crore (Rs 144.52 billion) during April-February 2003-04, mainly on the strength of a robust 72 per cent growth of private players.
USIBC has seen exponential growth in the last five years, from just 80 companies as its members to now more than 350 top American companies, including scores of Fortune 500 and global Indian companies.
India has been ranked a low 119 out of 130 countries on an index that measures business resilience.
Leading businessmen from India and Pakistan on Monday called for closer commercial ties between the two countries and said commerce could well turn out to the harbinger of peace in the Subcontinent.
Videsh Sanchar Nigam Ltd has acquired the narrowband and broadband businesses of Dishnet's Internet service provider division for Rs 270 crore.
Today, when you buy a door or a window in wood, you are not aware that you are depleting forests. Tomorrow, your wood will have to be certified that it is from a sustainable forest, says R Parasu Raman, Vice Chairman, WGBC.
The deal underscores a growing trend of consolidation in Asia's wealth management industry.
The company is also in discussions with state-run telecom major BSNL for sharing passive infrastructure across the country, Bharti Airtel's President Manoj Kohli told reporters after announcing the second quarter results. The company intends to have a minority stake in its tower company after the demerger.
Global transport solutions provider, Bombardier Aerospace, expects to sell around 250 business jets to India over the next 10-years, a top company official said.
Adverse economic conditions in Europe, demand-supply imbalance led to impairment.
Rallis India Ltd, a Tata group company, is to sell its gelatine business to Sterling Biotech Ltd for Rs 47 crore in an all cash deal.
India and Pakistan are negotiating a new business visa agreement that will help mitigate problems faced by entrepreneurs travelling between the two countries. Revealing the initiative, India's Deputy High Commissioner Manpreet Vohra said there was scope for Pakistani businesses to forge joint ventures with their Indian counterparts in the CNG sector.
Cornell President David Skorton said in an announcement, "Professor Dutta's appointment is a natural fit with Johnson's increasingly global outlook."
India on Tuesday asked US investors to participate in its $600-billion infrastructure programme in the next five years, even as America sought greater financial cooperation for bringing about global economic stability.
India has been ranked 111th for starting business, down from 93rd a year ago. For dealing with licences, it has dropped one rank to 134th, while for employing workers it is at 85th position, according to a World Bank study.
The Rs 4,200 crore (Rs 42 billion) Murugappa group is toying with the idea of including a foreign strategic partner in its mutual fund arm Cholamandalam AMC, which plans to double its business to Rs 2,500 crore within a year.
The Indian Banks' Association (IBA) on Friday asked Reserve Bank to allow home-grown banks to set up intermediate holding companies for raising capital for their insurance, asset management and allied businesses.
Muthoot offers 13-13.4 per cent annual interest on the NCDs, close to one per cent higher than previous public offer.
Business leaders warned that closing the offices to save money would send out the wrong signals to potential investors.
Two major airlines are considering joining four start-ups to provide all business class flights at a fraction of the cost that the regular airlines charge for business and first class with private arrival and departure lounges.
In Nov last year, L&T Finance Holdings had told BSE it was not eligible to be the sponsor of an insurance business, as it was a subsidiary of L&T under the Irda norms
Biocon Ltd said on Wednesday it will sell its enzymes venture to Denmark-based Novozymes for $115 million to focus on core bio-pharmaceuticals business.
Life Insurance Corporation scotched speculation of setting up or acquiring a bank on Wednesday but said it plans to enter credit cards business and manage pension funds.
IBM Global Services, the IT services arm of IBM, is eyeing new business areas like business process outsourcing and human capital solutions, a senior company official said in New Delhi.
Mahindra & Mahindra Ltd on Thursday decided to submit an offer for acquiring the tractor business of Valtra in Finland and Brazil, the company informed the Bombay Stock Exchange.
An Indo-Canadian professor has been appointed as British Columbia's regional research chair on Canada-India Business and Economic Development.
Anil Ambani Group's Reliance Money today signed an agreement with Tata group's IT arm CMC Ltd for setting up financial retail kiosks, besides training students of the software solutions provider in finance.
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