Today, they can't meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business. Bulk of the trades are put through e-platform offerings of Reuters, Bloomberg, JPMorgan, Barclays or Deutsche Bank. And they have the web-based FXall, FXconnect, Atriax, Hotspotfx and LavaFX for company.
Aston Villa scored their first goal in more than nine hours but then had Christian Benteke sent off and allowed Tottenham Hotspur to come back for a 2-1 win at Villa Park on Sunday.
India's Leander Paes and Mahesh Bhupathi suffered a 6-7(6), 1-6 defeat to Sweden's Robert Lindstedt and Horia Tecau of Romania in their first round Group A match of the Barclays ATP World Tour Finals, in London, on Monday.
India has more of first generation high net worth individuals than the one who have inherited wealth.
In a cabinet that was already being touted as the most diverse in British history, Priti Patel became the first Indian-origin home secretary with Pakistani-origin Sajid Javid moving from the UK Home Office to become the new chancellor.
Indian CEOs are to be now offered the choice of outsourcing all or part of their managerial responsibilities for a specified period.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
Tennis player Ana Ivanovic of Serbia watches her boyfriend Australia's Adam Scott play at the sixteenth hole during the first round of the Scottish Open Golf tournament at Loch Lomond near Glasgow.
British TV personality Piers Morgan has trolled Dutch footballer Robin van Persie, whose switch from Arsenal to Manchester United has been a sore point for many, on Twitter after Manchester United beat Crystal Palace on Saturday.
The government said it has identified a few more cross-border merger and acquisition cases, including Barclays-Intelnet deal, for possible tax evasion after slapping Rs 11,000-crore (Rs 110 billion) tax notice on Vodafone for Hutchison Essar deal.
Chelsea's early season slump turned into a full-blown crisis on Saturday when they were beaten 3-1 by Southampton while Manchester City went top of the Premier League with Sergio Aguero scoring five in a 6-1 win over Newcastle United.
Manchester United manager Alex Ferguson and centre back Nemanja Vidic were named Barclays manager and player of the year on Friday.
Jose Mourinho shared the honours with former mentor Louis van Gaal as his Chelsea side drew at Manchester United in the Premier league on Sunday, but there was no doubt which of the pair was happier with the 1-1 result.
The late Herbert Sutcliffe, who opened the batting for Yorkshire and England, was formally inducted into the International Cricket Council (ICC) Cricket Hall of Fame, at Lord's on Saturday.
Manchester United's calamitous week hit rock bottom as Bournemouth famously consigned them to a 2-1 defeat on Sunday and, to rub salt into the wounds, neighbours Manchester City moved back to the top of the English Premier League.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
Leicester-based Ajay Gaindher, 26, took the money.
Photos from the English Premier League matches played on Sunday
Legendary all rounder Imran Khan on Wednesday became the fourth Pakistani cricketer to be inducted into the ICC Cricket Hall of Fame at Lord's in London.
The club anthem Blue is the Colour resounded around a joyful Stamford Bridge and champagne flowed as Chelsea clinched their first Premier League title for five years with a typically stubborn 1-0 victory over Crystal Palace on Sunday.
New York city came almost to a standstill for a second day after protesters continued their agitation against the New York Police Department in the Eric Garner choking case.
Bankers pay a small price for their misdeeds, no matter how large the cost to their banks or to the economy at large, says TT Ram Mohan.
The hedge fund servicing unit would be headed by John Nicholson, a former Barclays Capital executive, who would become the managing director in Citi's US trading team, the Financial Times reported.
Gold will first slide to $1,310-1,325 early next year on profit booking. But, the precious metal will get good buying support from central banks in Asia and West Asia regions, who are looking for opportunities to increase their gold portfolio.
Anthony Martial introduced himself to Manchester United fans with a superb goal to complete a 3-1 win over bitter rivals Liverpool and cap a much-improved performance from Louis van Gaal's side on Saturday.
With his divorce finally behind him, Tiger Woods will compete in his first tournament in six years as a single man at this week's Barclays Classic in Paramus, New Jersey amid much speculation over his form.
Leicester City's remarkable Premier League triumph after starting the season as 5,000-1 outsiders transcends sport and might never be repeated, according to the league's executive chairman Richard Scudamore. Leicester, who were on the brink of relegation last campaign, clinched the English league title for the first time in their 132-year history on Monday after second-placed Tottenham Hotspur drew with Chelsea at Stamford Bridge. Mauricio Pochettino's men trail the Foxes by seven points with two games left to play. "We've had our peaks before. This one, though, is bigger than sport. It has much more human interest in it," Scudamore told The Times. "It's a life-affirming story, which is why it's attracted more interest than you'd normally get.
Indian golfer Jeev Milkha Singh returned a steady two-under 69 in the final round to sign off tied 16th in the Barclays Singapore Open in Singapore on Monday.
Japan's Kei Nishikori made a stunning start to what will surely be the first of many appearances at the ATP World Tour Finals with a 6-4, 6-4 win over home favourite Andy Murray on Sunday.
Arsenal manager Arsene Wenger has hailed the contribution of Germany midfielder Mesut Ozil, comparing him to former Arsenal great Dennis Bergkamp.
Unseeded Swede Simon Aspelin and Paul Hanley of Australia captured their second ATP World Tour team title on Saturday evening, beating second seeds Leander Paes of India and Lukas Dlouhy of the Czech Republic 6-2, 6-3 in the final of the Barclays Dubai Tennis Championships.
Manchester United defender Daley Blind says his team mates are adapting to Louis van Gaal's Dutch style of play and it is only a matter of time before they start reaping the rewards of their new look.
The Securities and Exchange Board of India (Sebi) on Monday issued a show cause notice and prohibited foreign institutional investor (FII) Societe Generale from issuing, subscribing or transacting in off-shore derivative instruments (ODIs), which are also known as participatory notes, or PNs.
'Employees may well be expected to be on call at almost all times -- much like the standard Indian approach to the workday,' points out Mihir S Sharma.
Tiger Woods fixed some swing problems before his early start at Ridgewood Country Club and came away with his best round of the year on Thursday at the Barclays tournament that opens the FedExCup playoffs.
Newcastle United striker Papiss Cisse will face a severe punishment after accepting an FA charge of spitting at Manchester United defender Jonny Evans in Wednesday's Premier League match.
Liverpool manager Juergen Klopp has probably not celebrated too many draws with quite the fervour that he greeted Divock Origi's stoppage time leveller to grab a point at home to West Bromwich Albion on Sunday. The German would have been forgiven for lamenting another costly result and two more dropped points, but instead greeted the conclusion to a bad-tempered 2-2 Premier League draw at Anfield with trademark enthusiasm.
"Our first half was fantastic, we dominated the game. The second is not easy to explain," a baffled Pochettino told reporters. "No-one would expect this end to the game if you see the first half. "We need to assess and analyse the second half because it is impossible to see the team playing in such a different way."
Jeev Milkha Singh managed to make the cut despite returning a four-over 75 but fortune of the other Indians in fray took a massive tumble as they fell by the wayside after the second round of the Barclays Scottish Open golf tournament here.
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