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CNH INTERNATIONAL
Banks push for Yuan trade in GIFT City as India-China ties warm upIndia's GIFT City is considering allowing banks to transact in offshore renminbi. This move follows a suggestion from banks to broaden serv...
Dim Sum bonds: Is there more to them than meets the eye? Understand these bonds because you might hear more about themDim Sum bonds are offshore renminbi (RMB) bonds, mainly issued in Hong Kong, that allow global borrowers to raise RMB outside China’s capit...
Carraro India collects Rs 375 cr from anchor investors ahead of IPOCarraro India, a transmission systems manufacturer, raised Rs 375 crore from anchor investors. The IPO opens December 20-24, with shares pr...
Carraro India IPO price band set at Rs 668-704. Check detailsThe issue opens for anchor bidding on December 19 and for all participants on December 20, closing on December 24. It is a full offer for s...
Rupee rises 9 paise to 83.88 against US dollar in early tradeThe rupee appreciated by 9 paise to 83.88 against the US dollar amid a weakening American currency and positive domestic equities. Traders ...
Auto parts maker Carraro India files DRHP for Rs 1,812 crore IPOThe offer is being conducted through the book-building process, with up to 50% allocated on a proportional basis to qualified institutional...
Good Glamm Group appoints Kamal Lath as the Group CFOA Harvard Business School alumnus, Lath has over 23 years of experience across diverse industries and global exposure with expertise in fin...
India will soon become largest tech centre for CNH Industrial: Marc KermischCNH - which has 600 engineers working at the India Technical Centre (ITC) in Gurugram (Haryana) - is in the process of hiring an additional...
Ferrari backer, Qualcomm invests $24 mn in EV bike maker UltravioletteThe funds from Lingrotto and from Qualcomm will be deployed towards ramping up the company’s presence in India, subsequent expansion in int...
CNH Industrial targets double-digit revenue growth from construction equipment vertical in 3 yearsThe construction and agricultural equipment maker has charted a strategic business plan and expects revenues from the construction equipmen...
China’s yield appeal catapults yuan to global FX big leagueIn London -- the world’s center of foreign exchange -- there’s more yuan changing hands than ever before. Options on the Chinese currency e...
Local banks to start rupee trading in overseas NDF marketMultinational companies are likely to save hedging cost amid limited speculative bets.
How rupee loses steam to hit 7-mth lowThe ongoing trade war between US and China may impact the Chinese currency, with a ripple impact on other emerging markets including India.
IIM Udaipur concludes summer placementsWith a 28% increase in batch size over the previous year, the institute has managed to place its batch of 232 students, with 37% non-engine...
China to start implementing RRR for some banks in offshore yuan market: PBOCChina will start implementing a reserve requirement ratio on some banks involved in the offshore yuan market.
ONGC Videsh shortlisted for Mexican oil bid roundCNH said five consortia and nine individual companies have been shortlisted for the second of the five planned bidding phases, which starts...
ONGC Videsh loses bid for two oil blocks in MexicoONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Me...
- Yuan strongest against dollar since early July on dollar hedging
The spot yuan traded at its strongest against the dollar since July 5, continuing the narrowing trend that began on Tuesday.
- Fiat eyes new company with GM Europe, Chrysler
The new auto manufacturer would have $105 billion in annual revenue, Fiat said in a statement.
- Fiat fined $7 million for Oil-for-Food kickbacks
Fiat subsidiaries paid $4.4 million in kickbacks for contracts under the UN Oil-for-Food program, according to documents filed at US Distri...