Deutsche Bank's co-CEO Anshu Jain has described India as a ‘strategic’ market for the Germany-based global banking major, saying that its long term view on the country remains optimistic. "India has long been important for Deutsche Bank. “We are a large investment bank and commercial bank there, and we have growing retail and asset management businesses in the country. We have a large amount of vital back office and mid office infrastructure in India. India is ... Rediff.com, 1 week ago
State Bank of India’s (SBI’s) much-hyped share sale fell way short of its Rs 9,600-crore target on Wednesday, as many foreign institutional investors (FIIs), including the top names, skipped the issue over difference on pricing and concerns over bad assets. Investment banking sources in the know said SBI received bids for over 75 per cent of the shares on offer; this translates into Rs 7,200-7,300 crore. Had it not been for investments by Life Insurance Corporation (LIC) of India, ...Rediff.com, 1 month ago
Eight out of 10 analysts in a straw Reuters’ poll on Friday said they expected the central bank to raise the repo rate by 25 basis points to try and tame stubbornly high inflation. The other two analysts also said the odds had increased for a rate hike.Jagran Post, 2 months ago
Corporate India’s earnings in the quarter ended December were largely in line with Street expectations but the overall performance looked similar to that in the previous quarter -- export-driven sectors like information technology and pharmacheuticals again stole the show. While revenue of 3,253 companies grew 10 per cent, a large part of this growth came from export-dominated sectors. According to analysts led by Espirito Santo Securities’ Mukul Kochhar, this is a second straight ...Rediff.com, 3 weeks ago
The first-ever ‘Influential 500’ list, compiled by specialist publisher Debrett’s and ‘The Sunday Times’ newspaper, includes personalities in 25 areas chosen by experts in their field. While Yousafzai makes the cut in the ...Jagran Post, 1 month ago
Hundreds of rich and powerful people across the world will congregate next week at the Swiss skiing resort town of Davos for the World Economic Forum, where India will be represented by an over 100-member delegation including senior ministers and corporate leaders. Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, ...Rediff.com, 1 month ago
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