Axis MF, the fund management firm backed by Axis bank, is projecting to be in the black for the year because of its diversified offers.
Finance/Venture
US data shows contradicting signals on economy's health
Acquisition of previously owned homes had slumped in August while claims for jobless benefits became lesser last week which showed a contradicting signal regarding the health of the US economy.
The US Federal Reserve needs better way to signal policy: Fed officials
According to four top US Federal Reserve officials, the central bank had confused financial markets after announcing a reduced monthly bond buying pace.
US and India ties drifts due to economic differences
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
IMF and EU halts Greece bailout aid discussions
Greece international lenders had temporarily halted their latest bailout fund to Greece, according to a Reuters report.
Latest News
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
In a bid to ease the pressure on its public finances, Oman is set to issue an international bond as well as a sovereign bond next year.
The Central Bank of China said last Sunday that it would keep policy steady to cope with economic uncertainties.
China opened its free trade zone in Shanghai and was hailed as the country's boldest reform, according to a Reuters report.
CEO resignation would not deter the merger of the two Omani banks. In an announcement, Bank Dhofar's CEO Anthony Mahoney had resigned from the bank.
The Shanghai free trade zone is a testing ground for finance and economic policy in China. Shanghai's free trade zone would have Citigroup Inc and Bank of China Ltd as participants in the eleven square mile experiment.
JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.
A Reuters report said banks would need to increase their capital by USD155 billion or EUR115 billion in order to comply with the global Basel III accord.
US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.
