Business
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Countries Like India Will Continue to Get $15-20 B Of FII Inflows: SMC Investments
Even as global equity markets try to recover from Standard & Poor's blow of lowering the US's credit rating, they are still fearful whether the rally will sustain. Developments in the US and the European Union (EU) have raised fears of
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Finnish Firm Completes Purchase of WMI Cranes
Finnish crane company Konecranes Oyj has now completed the second phase of its acquisition of Indian crane company WMI Cranes and increased its ownership to 100% from 51%. The total value of the deal was 3.58 billion rupees ($79 million). The Finnish
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Bharat Forge Looking to Set-Up Its Operation in Brazil, Rest of Asia
The world's largest forgings company by capacity, Bharat Forge, will enter the South American market via Brazil and later target the rest of Asia. On the focus on South America, specifically Brazil, Bharat Forge chairman and managing director, B
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RBI Dashes Hopes of Pause on Rate Hikes
Food inflation accelerated significantly in the week ended July 30 because of simmering price pressures in several commodities, even as the Reserve Bank of India damped down hopes of a pause in rate increases at an informal interaction with top banke
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FinMin to Clear Norms For New Bank Licences Next Week
The finance ministry will clear guidelines for new bank permits by next week, potentially setting the stage for the Reserve Bank to roll out licences after a gap of eight years. Once the finance ministry gives its go-ahead, RBI is expected to make th
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