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Modi, Obama unveil Steps for New High to Trade Ties
India-US business links were set for a quantum jump with Prime Minister Narendra Modi's assurance of "consistent policies" and "welcoming environment" leading to US President Barack Obama announcing steps to lead to $4 billion trade with…
Barack Obama, Narendra Modi at India-US CEO Forum
The India-US CEO Forum began Monday with Indian Prime Minister Narendra Modi and US President Barack Obama present along with top business honchos of both countries. India Inc is led by Tata Group chairman Cyrus Mistry.
The other CEOs…
RBI Norms to affect Bank’s pricing Power: Moody’s
The Reserve Bank of India's (RBI) norms requiring banks to outline the framework they use to determine the loan spread about their benchmark lending rates will reduce pricing power of the latter, global rating agency Moody's Investor…
India, US take ‘Friendship’ to the Next Level
In a "breakthrough", India and the US Sunday agreed to move towards "commercial cooperation" as well as "full implementation" of their landmark civil nuclear deal. The announcement was made by US President Barack Obama and Prime Minister…
SBI inks Loan Agreement of 100 Million Euros with EIB
India's largest bank, the State Bank of India (SBI) Friday said it has signed a loan agreement of 100 million euros with European Investment Bank (EIB), the European Union's non-profit long-term lending institution. "The loan will be…
India’s Foreign Exchange Reserves up by $2.66 Billion
India's foreign exchange reserves went up by $2.66 billion to $322.14 billion as on Jan 16 due to increase in foreign currency assets as compared to the position a week ago, the Reserve Bank of India (RBI) said Friday. In its weekly…
D-Link Corporation to set up Operations in Hyderabad
D-Link Corporation, a Taiwanese multinational networking equipment manufacturing company, plans to set up an office in Hyderabad that will generate 1,000 jobs. Telangana's Information Technology Minister K. Tarakarama Rao told reporters…
Sumitomo Mitsui acquires 2.77% Stake in Reliance Capital
The Japan-based Sumitomo Mitsui Trust Bank (SMTB) has acquired a minority stake in the Anil Ambani-led Reliance Capital Ltd (RCL) -- part of the Reliance Group -- for Rs.371 crore. "As part of the agreement, SMTB will be taking an initial…
FMCG Major Colgate-Palmolive India Q3 Net Profit up 16 %
Consumer product major Colgate Palmolive (India) Ltd (CPIL) Friday said its net sales for the third quarter stood at Rs.988.6 crore and the net profit after tax at Rs.130.9 crore, an increase of 16 percent over the same quarter of the…
BSE Sensex and NSE Nifty scale New Highs
A day after the European Central Bank (ECB) announced a mega bond buying programme, a benchmark index of Indian equities markets Friday scaled a new peak of 29,408.73 points in the intra-day trade. The new high of 29,408.73 points surpassed…