Global foreign direct investment (FDI) in 2013 is likely to remain close to the level of 2012 at about USD 1.45 trillion, UNCTAD said in its global investment report. “UNCTAD forecasts FDI in 2013 to remain close to the 2012 level, with an upper range of USD 1.45 trillion…FDI inflows may then climb to […]
India’s current account deficit narrowed down to 3.6 per cent of GDP in the January-March quarter but totalled a record 4.8 per cent for the full 2012-13 fiscal. “CAD moderated sharply to 3.6 per cent of GDP in Q4 of 2012-13 from a historically high level of 6.7 per cent of GDP in Q3 of […]
The BSE benchmark index Sensex on Thursday recovered over 201 points in early trade on fresh buying by funds triggered by a firming asian trend. Investors covering their pending short-positions created in the recent bear-run following settlement in derivatives segment, further supported the uptrend. The 30-share index, which had lost 77.03 points on Wednesday, recovered […]
Mumbai : The Thailand Board of Investment today opened its Mumbai office in a bid to strengthen investment and trade ties between Thailand and India. To mark this occasion, FICCI organized a ‘Thailand-India Investment Cooperation Seminar’, which was addressed by shri Sachin Ahir, Minister of State for Industries ,Govt. Of Maharashtra; Mr. Prasert Boonchaisuk, Minister […]
London : XConnect, the global leader in Federation-based next generation interconnection and Registry services, today announced that it has secured $10 million of equity funding from Young Associates, the London-based, private investment firm headed by Lord Young of Graffham, and existing investor Crescent Group. This significant cash injection will enable XConnect to grow its portfolio […]
New Delhi : Konica Minolta Business Solutions India Pvt Ltd, a world-class technology company, today inaugurated its first Digital Imaging Square (DIS) in its Gurgaon corporate office. Covering an area of 5777 square feet at Cyber City, this Imaging Square has incurred an investment of USD One Million. There will be dedicated manpower placed at […]
Kolkata : Magma Fincorp Limited, a leading NBFC in the country, has decided to apply to the Reserve Bank of India for Banking License. The company’s board which met today approved the decision to go ahead with the application process. Magma has, since the beginning, been serving the credit needs of underserved and un-banked customers […]
Mumbai : OCS Group, UK’s largest family-owned facilities services provider operating in over 40 countries, announced a significant business integration initiative wherein it now offers Total Facilities Management (“TFM”) services and end-to-end solutions to Indian clients. OCS Group’s TFM solution focuses on a seamless delivery of world-class facilities management solutions to Indian customers through an […]
Indore: ICICI Bank Ltd, India’s largest private sector bank, today inaugurated a completely renovated branch at 64-A,Sapna-Sangita Road, Patel Nagar, Indore. The branch was inaugurated by Mr Ravi Narayanan, Retail Business Head (West), ICICI Bank Ltd. Mr Ratnakar Patnaik, Senior Divisional Manager, Life Insurance Corporation of India (LIC), Indore and Mr Santosh Khandelwal, MD & […]
The Cabinet Committee on Economic Affairs (CCEA) is likely to approve a proposal to disinvest 7.64 per cent of government stake in the National Fertiliser Ltd (NFL)on Thursday, which is expected to fetch over Rs 175 crore to the exchequer. “The CCEA meeting is scheduled for tomorrow. The issue related to disinvestment of 7.64 per […]
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