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Fall in rupee raises remittances from Gulf
Since the value of the Rupee fell against the dollar there has been a surge in remittances from NRIs in…
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ICICI to hike interest on NRE, FNCR deposits
India's largest private lender, ICICI Bank has announced an increase in the interest rates for NRE term deposits and FCNR…
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FIIs raise stake in Indian firms
The FIIs (Foreign Institutional Investor) have increased their shareholding in Indian firms.
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RBI influence in Forex may decrease with FIIs in currency futures
The Securities and Exchange Board of India's (Sebi) proposal to allow foreign institutional investors (FIIs) in currency futures trading may…
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NRIs invite Trump Jr to invest in Gujarat
A Non-Resident Indian of Gujarati origin has extended an invitation to Donald Junior from Trump Tower Corporation, a leading real…
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RBI allows issue of FCEBs
The Reserve Bank of India (RBI) has allowed Indian companies raise foreign capital by issuing foreign currency exchangeable bonds (FCEBs)…
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Global Financial crisis to affect Foreign Investment in India
The global financial crisis will have an indirect effect on the Indian economy as it will lead to liquidity tightening…
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Religare Enterprises ties up with BKK
Religare Enterprises announced that the company's arm, Religare Portfolio Management Services, has tied up with Bank of Bahrain and Kuwait…
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ICICI raises interest on NRE, FNCR deposits
ICICI Bank has increased the interest rates on its NRE and FCNR deposits of non resident Indians by half a…
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NRI led Firm invites bids for University Project
NRI billionaire Anil Agarwal-led Vedanta Group is inviting bids for construction of buildings and other infrastructure facilities for its Vedanta