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State Bank of India To Raise Up To $2 Billion Via Overseas Bonds

State Bank of India To Raise Up To $2 Billion Via Overseas Bonds

The fund-raising will take place through a public offer and or private placement of senior unsecured notes in US Dollar or any other convertible currency. NEW DELHI – Country’s largest lender State Bank of India plans to raise up to $2 billion (over Rs 12,600 crore) by issuing bonds in US dollar or other convertible […]

January 13th, 2018 | Posted in Business | Read More »

NRI Banker Named Central Bank Governor Of The Year For Asia-Pacific

NRI Banker Named Central Bank Governor Of The Year For Asia-Pacific

The annual recognition is by ‘The Banker’ magazine, a publication under The Financial Times Group, is based on a selection process involving a survey of bankers and economists. SINGAPORE – An Indian-origin banker in Singapore has been named as the best central bank governor in Asia-Pacific for 2018, a media report said on Thursday. Ravi […]

January 13th, 2018 | Posted in Business | Read More »

Reliance Chair Anil Ambani Says ‘New’ RCOM To Be India’s Largest B2B Business

Reliance Chair Anil Ambani Says ‘New’ RCOM To Be India’s Largest B2B Business

RCOM has signed a definitive agreement with Reliance Jio to sell off its wireless assets — towers, optic fibre cable network, spectrum, and media convergence nodes. NEW DELHI – The “new” Reliance Communications (RCOM) will be “capex light” and emerge as India’s largest B2B (business-to-business) entity that is “focussed on the global and enterprise business”, […]

January 13th, 2018 | Posted in Business | Read More »

IndusInd Bank Raises $500 Million From Overseas Lenders

IndusInd Bank Raises $500 Million From Overseas Lenders

The fundraising, along with the funds raised during the ongoing financial year from multilateral institutions ADB and OPIC, will help the bank expand its lending to clients. NEW DELHI – IndusInd Bank said on Monday it has raised $500 million (about Rs 3,193.75 crore) term loan from overseas lending bodies to expand its business. The […]

January 6th, 2018 | Posted in Business | Read More »

Indian Economic Growth Slowed Down In 2016-17: Govt

Indian Economic Growth Slowed Down In 2016-17: Govt

The growth in GDP at constant market prices was 5.7% and 6.3% in Quarter 1 (Q1) and Quarter 2 (Q2) of 2017-18 respectively. NEW DELHI – The Indian economy slowed down in 2016-17, with the gross domestic product declining drastically from 8% in 2015-16 to 7.1% the next year, government said on Friday. Finance minister […]

January 6th, 2018 | Posted in Business | Read More »

Amazon shipped over 5 billion items in 2017 via Prime service

Amazon shipped over 5 billion items in 2017 via Prime service

  Fire TV Stick and voice controlled smart device Echo Dot were the best-selling products among US Prime members. NEW YORK – Online retailer Amazon said on Tuesday it shipped over 5 billion items worldwide via its subscription based Prime service in 2017 while adding more new members than ever before. The e-commerce giant, which […]

January 6th, 2018 | Posted in Business | Read More »

Fox Deal Set To Make Disney India’s biggest Broadcaster

Fox Deal Set To Make Disney India’s biggest Broadcaster

In India, the deal means that Murdoch-owned Star India’s businesses, including 49 entertainment channels and 10 sports channels would be absorbed by Disney along with its digital streaming platform Hotstar. NEW DELHI – In a deal that could reshape the entertainment business globally, Walt Disney Co. has agreed to buy Rupert Murdoch’s 21st Century Fox […]

December 23rd, 2017 | Posted in Business | Read More »

Five Telcos Understated Revenue, Caused Rs 2,578 Crore Loss To Govt: CAG report

Five Telcos Understated Revenue, Caused Rs 2,578 Crore Loss To Govt: CAG report

The CAG audited the basic accounting records and documents of Tata Teleservices and Tata Teleservices (Maharashtra), Quadrant Televentures Ltd, Videocon Telecommunication Ltd, Telenor group and Reliance Jio, for varying periods from 2006-07 to 2014-15. NEW DELHI – The Comptroller and Auditor General of India (CAG), in a report released on Tuesday, said non-compliance with licence […]

December 23rd, 2017 | Posted in Business | Read More »

Bitcoin Suffers Dramatic Price Plunge In Asia

Bitcoin Suffers Dramatic Price Plunge In Asia

US authorities suspended trading in a popular Bitcoin-related stock, citing concerns about market manipulation. TOKYO – Bitcoin prices plunged about 15% in Asian trade on Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at […]

December 23rd, 2017 | Posted in Business | Read More »

Richberry CEO Peter Dhillon First Indo-Canadian Appointed To Bank Of Canada Board

Richberry CEO Peter Dhillon First Indo-Canadian Appointed To Bank Of Canada Board

“Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 9(1) of the Bank of Canada Act, approves the appointment by the Minister of Finance of Peter Dhillon, O.B.C., of Vancouver, British Columbia, to be a director of the Board of Directors of the Bank of Canada, […]

December 20th, 2017 | Posted in Breaking News, Business, Entertainment, International, Lead Story, Link News, Link VIP'S, News, South Asian, South Asian, Top News | Read More »