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Anil Ambani’s evidence in case filed by Chinese banks incomplete: UK HCThree Chinese lenders had taken RCom chairman to court for allegedly failing to clear $680m dues- Anil Ambani dragged to court for $680 million unpaid loanThree banks agreed to loan Ambani’s RCom money in 2012, which he has since defaulted on.
- WEF 2016: China has reached point of no return, says top officialThe comments come at a time when global markets are witnessing volatility amid rising concerns over slowing growth of the Chinese economy.
- ICBC becomes strategic banking ally of TatasEarlier this year, Airtel had signed an MoU with a clutch of Chinese lenders including ICBC and CDB for a $2.5 billion financing.
- Tata Sons, Industrial and Commercial Bank of China ink pactThe alliance will be a global one with the geographies covered including India, China, Singapore, Europe, the USA, and South America.
- Chinese lenders like ICBC, CDB gradually increasing India exposureThe trend highlights the rising presence of Chinese banks in India as they try to play a larger role in supporting Chinese biz interests.
- 125-member Indian delegation heads to attend WEF annual meeting at DavosThe annual talk-fest of rich and powerful from across the world in Davos will be attended by 2,500 global leaders from over 100 countries.
- WEF Davos to host 40 govt heads; India to have strong presenceHundreds of rich and powerful people across the world will congregate next week at the Swiss skiing resort town of Davos for the World Econ...
- Kris Gopalakrishnan to co-chair World Economic Forum annual meet next monthInfosys Vice-Chairman Kris Gopalakrishnan will co-chair the World Economic Forum (WEF) annual meeting next month in Switzerland.
- Ratan Tata, Cyrus Mistry visit China to cement business relationshipThere is a lot of interest around what is being described as Mistry's first serious engagement with senior Chinese bankers after becoming T...
- China bank ICBC head warns recovery not solidThe global economic recovery is not built on solid foundations and Europe's government debt crisis is the biggest near-term risk.
- World's top bankers meet in ViennaTop international bankers and investors head to Vienna later this week for roundtable discussions on European financial integration and Eur...
- China on acquisition spree using recession to advantageCash rich Chinese companies are trying to make the most of the financial crisis by making acquisitions in western markets.
- ICBC is world’s most profitable bank on loansIndustrial & Commercial Bank of China earned a record 64.5 billion yuan ($9.42 billion) in the first half to become the world’s most profit...
- China ups bank reserve ratio to cool inflationChina told banks to set aside more reserves for the second time this year, hours after Premier Wen Jiabao said the government will take “fo...
- China's biggest bank sets aside reserves for possible 30 pc subprime lossChina's biggest bank, Industrial & Commercial Bank of China Ltd, has set aside reserves equal to 30 per cent of its US$1.2 billion in subpr...
- Chinese bank to buy stake in SA bank for $5.5 bn dealChina's biggest bank said on Thursday it will buy a 20 per cent stake in South Africa's biggest lender for $5.5 billion (euro3.9 billion) a...
- ICBC seeks to expand in US, Russia: ReportThe Industrial and Commercial Bank of China, the nation's largest lender, has applied for US and Russian banking licences as it seeks to ex...
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