'All commercial and banking transactions happen in South Mumbai.'
A top Iranian diplomat on Friday said at least four banks from the Middle East country are interested in setting up shop in India, but are facing difficulties due to regulations.
Russia on Wednesday said it was keen to enhance bilateral trade with India to $10 billion by 2010 from the current $5 billion. "Russia-India trade turnover has increased by 40 per cent last year and amounted to $5 billion. We are very positive about increasing the turnover to $10 billion by 2010," Russian Federation's Ambassador Vyacheslav I Trubnikov said at a meeting organised by the All India Association of Industries (AIAI) in Mumbai.
Luminaries from the world of business and politics on Wednesday said in the death of N A Palkhivala, the country had lost a multi-faceted personality.
As many as 99 holidays, including Sundays and non-working Saturdays, in 2003 will cause a cumulative output loss of Rs 3,000 crore (Rs 30 billion), according to All India Association of Industries.
In May, India and Mauritius signed a protocol to introduce in-principle taxation of capital gains in India in a phased manner.