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INDIA MILLENNIUM DEPOSITS
Accenture picks up over 1 million sq ft office in Hyderabad through 10-year leaseAccenture has secured a massive 1 million sq ft office space in Hyderabad on a decade-long lease, committing around Rs 900 crore. This sign...- Beyond the Terminal: NRIs should factor 'Inevitable India' into their portfoliosIndian economy is transforming, offering opportunities for Non-Resident Indians. Despite rupee depreciation, an undervalued currency presen...
- Bond won't help this time: Why RBI should hike interest rate, instead of unleashing forex mobilisation schemes as in the pastReserve Bank of India's past emergency tools for raising foreign currency are no longer effective. Global interest rates have changed the f...
- RBI may have to bear forex risk to boost foreign money inflowsIndia may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and o...
- RBI mulls new move using foreign bonds to prop up rupeeReserve Bank of India is considering allowing state-run banks to issue foreign-currency bonds to attract capital inflows and support the ru...
- WeWork India leases over 200,000 sq ft in Pune’s WakadWeWork India has leased over 204,000 sq ft of office space in Pune's Wakad locality for a long-term agreement. The flexible workspace provi...
- RBI, govt unlikely to come with IMD-like special schemes to salvage rupeeThe central bank has spent more than $ 41 bn defending the currency since February, reducing import cover to single digits. Economists have...
- Raghuram Rajan's rupee gamble may help lure $30 billionRajan’s offer to hedge foreign exchange deposits of the banks at a fixed 3.5% for three years may lure another $10 billion, estimate econom...
- Banks offer higher rates on NRI depositsThe bank has seen a 50% growth in its NRE deposits in the first quarter of FY14 when compared to the same period last year.
- Finance Ministry discusses possibility of floating sovereign bondsIndia's CAD touched a record high of 4.8 per cent of the GDP in the 2012-13 financial year due to high imports, including that of gold.
- Budget 2013: What NRIs want from FEMAIndia's infrastructure development has slowed down partially. By issuing special bonds for NRIs, India can try to support it.
- Surge in NRI deposits is win-win for NRIs and economyThe sharp spike in interest rates on NRI deposits after the RBI deregulated these rates gives NRI a huge arbitrage opportunity.
- RBI counts on NRIs to help meet redemption callThe government and corporate debt worth $85 billion is due for repayment in 2008-09, but the Reserve Bank of India (RBI) has ruled out any ...
- Forex reserves down $5 bnThe country’s foreign exchange (forex) reserves dipped by a whopping $4.96 billion in the week ended June 13, the steepest dip in over two-...
- Banks' overseas liabilities almost double the size of assetsCommercial banks have increased international liabilities to almost double the level of their international assets, according to the latest...
- Citi battles mess in NRI businessCiti financial services group puts its NRI biz under scanner amid reports of regulatory lapses.
- SBI not keen on bulk deposit raceAmid frenzied activity in the bulk deposit market, there’s a bank that is swimming against the tide. State Bank of India (SBI) has decided ...
- Overseas liabilities soar despite IMD redemptionsWith domestic deposit growth not keeping up with credit requirement, banks have increased reliance on overseas funds for domestic loans.
- RBI ups NRE deposit rates by 25 bpsThe RBI has now allowed banks to offer a quarter percentage point more on NRE deposits.
- NRIs running away with their cashThe depositors feel it's wiser to pay a 1% penalty, rather than pay a 10% to 30% tax. • The Kelkar report: What it means for you
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