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China, India likely to be biggest shareholders in AIIB| Reuters

May 23, 2015 at 00:45 | Source: FirstPost

SINGAPORE China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nation...

Microsoft retains top spot in software revenue in India

May 22, 2015 at 14:47 | Source: FirstPost

India software revenue totaled $4 billion in 2014, an 8.3 percent increase from 2013 revenue of $3.7 billion, according to Gartner, Inc. The enterprise software marketplace is dynamic and ever-changing. Its growth and structure are being shaped by th...

It's time to 'Act East' now: Modi takes a jibe at UPA's 'Look East Policy'

May 18, 2015 at 13:56 | Source: FirstPost

Seoul: Prime Minister Narendra Modi on Mondaytook another jibe at previous governments which practiced 'Look East' policy, saying India has had enough of it and it's time to 'Act East'."Earlier, it was 'Look East Policy'. We have had enough of l...

Getting down to business: PM Modi brings home over $22 billion in deals with China

May 16, 2015 at 19:46 | Source: FirstPost

Shanghai: Prime Minister Narendra Modi got down to business on the final day of his trip to China on Saturday, saying India was open for investment as firms signed deals worth more than $22 billion."Let us work together in mutual interest and fo...

Kamath to take over as BRICS bank chief in 10 days: govt

May 14, 2015 at 20:21 | Source: FirstPost

New Delhi: Eminent banker KV Kamath will take over as the first president of $100 billion BRICS bank in next 10 days after he resigns from various board positions he holds, finance secretary Rajiv Mehrishi said today.The New Development Bank -- promo...

ICICI's KV Kamath will head the BRICS New Development Bank

May 11, 2015 at 15:58 | Source: FirstPost

Banker K.V. Kamath was on Monday appointed head of the BRICS New Development Bank being set up by the group of emerging economies formed by Brazil, Russia, India, China and South Africa.Kamath, currently the non-executive chairman of ICICI bank, will...

Private banker KV Kamath appointed as first president of BRICS bank: All you need to know

May 11, 2015 at 14:30 | Source: FirstPost

India has appointed private banker KV Kamath as the head of the new development bank of the group of BRICS countries, two government sources privy to the decision told Reuters on Monday.K V Kamath was instrumental in transforming ICICI Bank into the ...

Image management 101: Decoding Narendra Modi's Time interview

May 08, 2015 at 15:50 | Source: FirstPost

As Narendra Modi rolls up to his first anniversary, its not all coming up roses. The disquiet has less to do with the Vipassana-enhanced Rahul Gandhi than some signs of daring dissent within the BJPs own ranks. On one hand, there was Arun Shouries sc...

India's reserves rise $20 billion in Q1, buck slower reserve growth trend| Reuters

Apr 21, 2015 at 01:15 | Source: FirstPost

LONDON (Reuters) - India has posted the biggest gain in hard currency reserves of any major emerging economy in the past year, bucking the weaker trend in fellow BRICS states Russia, Brazil and South Africa.Indian reserves stood at $343 billion at th...

Russia to invest $2 bn into building energy pipeline in Pak: Is India ready for the challenge?

Apr 20, 2015 at 07:13 | Source: FirstPost

In the fast-changing geopolitics in its neighbourhood, India needs to watch Russia from the Pakistani prism and Pakistan from the Russian prism.This should sum up the state of affairs in the newly emerging India-Pakistan-Russia triangle where the Uni...

Russia to invest $2 bn into building energy pipeline in Pakistan: Is India ready for the challenge?

Apr 19, 2015 at 10:31 | Source: FirstPost

In the fast-changing geopolitics in its neighbourhood, India needs to watch Russia from the Pakistani prism and Pakistan from the Russian prism.This should sum up the state of affairs in the newly emerging India-Pakistan-Russia triangle where the Uni...

Let it go: Why enterprises need to go from server hugging to the cloud

Apr 13, 2015 at 13:53 | Source: FirstPost

By Deepak VisweswaraiahWith business models evolving to suit customers that are on - the -go, the Cloud, in any of its Avatars Public, Private or Hybrid provides the scale, flexibility and ability to provision capacity as required. It presents a mo...

Bullet trains: Why it's the one project PM Modi will be pushing in his upcoming foreign tours

Mar 23, 2015 at 11:49 | Source: FirstPost

As the first anniversary of Prime Minister Narendra Modi on 26 May draws closer, he will belooking to foreign nations in order todeliver on many of thetall promises made in the coming months. After his three-nation Indian Ocean tour of Seychelles, Ma...

Jaitley says govt committed to ease processes to do business, sees 7.5% GDP this year

Mar 14, 2015 at 16:35 | Source: FirstPost

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.Launching the Union Bank of India (UK), a ...

Bullish Arun Jaitley sees India growing 7.5% this year, next year even faster

Mar 14, 2015 at 15:35 | Source: FirstPost

Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.Launching the Union Bank of India (UK), a ...

Scam raj is over, BJP committed to making it easy to do business in India: Jaitley

Mar 14, 2015 at 14:13 | Source: FirstPost

Thegovernment is introducing changes to ease the process of doing business and attract investments in India while trying to rationalise and lower taxes, Finance Minister Arun Jaitley has said.He also said that the GDP growth rate this year would be 7...

Retail inflation edges up for third month

Mar 12, 2015 at 23:45 | Source: FirstPost

NEW DELHI (Reuters) - Consumer inflation edged up in February for the third straight month, mainly driven by food prices, underscoring the risk of a rebound in inflationary pressures from rising commodity prices.The data comes ahead of Reserve Bank o...

India pitches for a ratings upgrade with Fitch - source

Mar 12, 2015 at 17:55 | Source: FirstPost

Mumbai: India has pitched for a sovereign credit rating upgrade with Fitch Ratings, after announcing its budget last month, a senior finance ministry source said."India has taken several measures in the budget to cut fiscal deficit and promote i...

India pitches for a sovereign credit rating upgrade with Fitch

Mar 12, 2015 at 17:55 | Source: FirstPost

Mumbai: India has pitched for a sovereign credit rating upgrade with Fitch Ratings, after announcing its budget last month, a senior finance ministry source said."India has taken several measures in the budget to cut fiscal deficit and promote i...

Saif Ali Khan to promote 'Bollywood Britain' in India

Mar 10, 2015 at 13:52 | Source: FirstPost

Mumbai:VisitBritain, the country's national tourism agency, has announced actor Saif Ali Khan as the spokesperson for the 'Bollywood Britain' tourism campaign in India. He says he shares a deep connect with the country.With over 50 Hindi movies filme...

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