According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.
Tags: India
India set to impose EUR150 million probe for BMW customs violations
BMW is appealing a decision to impose a EUR150 million fine for alleged customs laws violations. German car giant BMW is set to face fines worth EUR100 million in India for allegations of violations committed against the country's importation rules.
BRICS countries to create fund for financial shocks
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
Sanlam seeks to invest in Southeast Asian life insurer
South African financial services group Sanlam said it was scouring Southeast Asia to invest in a life insurer.
India's new central bank governor to step into eye of rupee storm
Raghuran Rajan, the newly appointed bank governor of India's central bank would step into office in the eye of a roiling storm in the country's economy.
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Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.
A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.
Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.
Despite being next in line as chief executive of Infosys Ltd, Ashok Vemuri resigned from the company's board.
India's ONGC Videsh said it would increase its overseas debt to fund a USD2.64 acquisition. ONGC Videsh Ltd. is a state-backed energy explorer in India.
Private equity exits in India had doubled amid the weakened currency, unstable market capital and poor macro-economic conditions.
The State Bank of India announced that it had expected to receive a total of INR4 billion in recapitalization from the government.
Air India Express had announced it was looking at domestic expansion to be able to compete with three current budget airlines dominating India by the end of the year.
