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Category Archives: Banking & Finance

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India welcomes S&P Global rating

Business-oriented reforms recognized The government has welcomed India’s latest rating by S&P Global which asserted business-oriented reforms but affirmed it at BBB-/A-3.

Indian foods need to focus on global standards

Study sees scope for investment in technology India’s US$121 billion food processing needs to focus on product conformity with global standards and quality together with factors like logistics traceability and safety, quality of packaging and delivery.

Corporate India rationalizes costs

Prospects looks good for fiscal 2018-19 With corporate India placing most energies on rationalising costs, including the wage costs, and trying to deleverage its balance sheet, the hiring outlook in the private sector, is expected to stay muted till beginning of fiscal 2018-19.

Indian business strength in US at US$17.9bn, says CII

Indian professionals making significant contribution to US One hundred Indian origin companies have combined businesses worth US$17.9 billion with more than 100,000 jobs across the United States, according to a new survey report released by the Confederation of Indian Industry (CII) on 15 Nov 2017.

India welcomes Moody’s upgrade

FICCI sees improvement in investors’ confidence India has welcomed Moody’s Investors Service upgrade of the Government’s local and foreign currency issuer ratings to Baa2 from Baa3, saying it was recognition of its major economic and institutional reforms.

Govt committed to increase infra expenditure

Investors urged to participate in Indian prosperity The Indian Government is committed to increasing the public expenditure on infrastructure and creating environment for private participation in infrastructure to boost employment and provide impetus to overall economic growth, stressed Finance Minister Arun Jaitley.

Digitization will encourage start-up eco-system

India to be extremely attractive business place Greater digitization and formalization of the economy will encourage all kinds of start-ups and create an ecosystem both in term of tax incentives and provide capital, Finance Minister Arun Jaitley told Singapore Fintech Festival on 15 Nov 2017.

Let’s Mine $$$ together – ICO offer

A Billion dollar Blockchain Mining business by NRI A Singapore-based young Indian entrepreneur is in the process of creating a huge multimillion dollar mining infrastructure to support blockchain businesses across Asia, including India.

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Pact to stimulate flow of investment and technology

India-HK avoidance of double taxation approved A Tax Agreement will stimulate flow of investment, technology and personnel from India to Hong Kong and vice versa, prevent double taxation and provide for exchange of information between the two Contracting Parties.