Gold Worth Rs 70,000 Crore Shipped To India From Switzerland
As the Narendra Modi government steps up its effort to crack down on black money, the quantity of gold shipped from Switzerland to India has reached a record level of about Rs 70,000 crore. According to the latest data released by Swiss Customs Administration, the gold exports from Switzerland to... read more »
Murali Lanka is Wal-Mart India’s operations chief
Wal-Mart India Pvt. Ltd Friday announced that Murali Lanka has been appointed its new chief operations officer (COO) to lead store operations and business development. Wal-Mart India is a wholly owned subsidiary of Wal-Mart Stores Inc. of the United States. The company in a statement said the... read more »
China, 20 others launch World Bank rival in Asia
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s proposed $50 billion Asian Infrastructure Investment Bank (AIIB) is... read more »
Tata Steel’s Recent Plans Credit Positive: Moody’s
New Delhi: Tata Steel’s decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody’s Investors Service said on Monday. “The sale would be credit positive for Tata Steel UK Holdings (TSUKH)... read more »
