Business

Business

India’s Diwali gold buying may be modest: analysts

HIGH prices are likely to deter Indians from heavy gold buying this week during the Hindu festival of Diwali, normally an auspicious time to...

India foreign investment panel clears IKEA entry

INDIA’S foreign investment panel has cleared a nearly $2bn (£1.26bn) plan by Swedish furniture giant IKEA to open its stores in the country as...

Reliance raises $1 billion through retail unit stake sale

Reliance Industries on Saturday announced Rs 73.50 billion ($1 billion) investments by Singapore sovereign wealth fund GIC and global private equity firm TPG Capital...

Poland — Payment Method That Threat Cash Using

  For the longest time, Poles were used to cash transactions whenever they carried out shopping or any other money-related activity. But over the years,...

Perseverance pays for Mukesh Ambani and his retail foray

BILLIONAIRE Mukesh Ambani's Reliance Retail is poised to perform a rare feat in India's notoriously complex retail market by finally turning a profit.   The time...

Foreign seed firms rally behind Monsanto, form an Indian alliance

Major international seed companies in India formed an alliance on Friday (August 26), seeking the support of their peers after a flurry of regulatory steps...

UK finmin Javid says he is “turning the page on austerity”

British finance minister Sajid Javid said he was "turning the page on austerity" as he promised the biggest spending increases in 15 years, a...

Indian bonds, rupee slump as emerging markets come under pressure

Indian bonds and the rupee slumped on Monday as emerging market assets came under renewed pressure amid the spectre of a rising dollar, higher...

Indian state banks ‘to open 10,000 branches this year’

INDIA’S state-run banks will open 10,000 branches this year as part of a drive to extend formal financial services to the estimated 40 per...

Russia’s state-owned miner to default on eurobond payment

  RUSSIA’s state-owned diamond miner said that it cannot make a payment on a eurobond after Washington imposed blocking sanctions, the Interfax news agency reported. The...