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UAE believes in India’s growth story and its sovereign wealth funds have invested more than USD 10 billion in India, said Sunjay Sudhir, Ambassador of India to UAE. Addressing realtors’ apex body CREDAI’s annual conference ‘NATCON 2022’ here, Sudhir asked builders to learn from the experience of UAE real estate companies and also explore forming…
India‘s investment banking fees reportedly fell by 23 per cent to USD 668.4 million according to a market analysis. This is the first in nine months of 2022 that the country witnessed such a sharp decline, making it the lowest since 2016. According to the Refinitiv data, the world’s largest providers of financial markets data…
The Reserve Bank of India may need to find ways to replenish its foreign exchange reserves such as encouraging non-resident Indians to deposit more funds, as it looks to stabilise a depreciating rupee, HDFC Bank Chief Economist Abheek Barua said. The Indian currency has weakened 9.5% so far this year, with the central bank defending…
Bankers in India recorded their best-ever quarter for mergers and acquisitions while dealmaking elsewhere slows to a crawl. India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg. That’s more than twice as much than the previous record of $38.1 billion…
The slew of measures announced by Reserve Bank of India (RBI) on Wednesday to enhance foreign exchange inflows should help rupee to outperform its peers in emerging market economies, experts said. RBI said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all…