Post Emirates investment, RBL aims to join big league

MUMBAI: RBL Bank aims to become one of India’s large banks within three to five years, leveraging a strategic tie-up with UAE based Emirates NBD, its managing director and chief executive R Subramaniakumar said.The foreign lender will invest around $3 billion through a preferential-issue to acquire a 60% stake, triggering an open-offer under regulatory guidelines.Subramaniakumar…

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GST reforms benefitted sector indirectly: Campari

NEW DELHI: While alcoholic liquor for human consumption remains outside the ambit of GST, recent reforms in this taxation have benefitted the industry indirectly. Campari Group (India) MD Shivam Misra has told TOI that several upstream and allied services in the value chain now carry clarified and, in many cases, concessional, rates. “For route-to-market, this…

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‘EU-India trade talks reinforce long-term confidence’

NEW DELHI: The ongoing trade negotiations between the EU and India, and New Delhi’s openness to deepening economic partnerships, reinforce confidence that there is significant scope for long-term cooperation, a top European Investment Bank (EIB) official has said but called for accelerating approvals and providing a level-playing field for global investors.“Despite the current geopolitical uncertainties…

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Reduced taxes to boost luxe spend: Rado

MUMBAI: The trade agreement between India and the European Free Trade Association (EFTA) will allow Swiss luxury watch brands to offer more competitive pricing in the South Asian country, widening their appeal, said Adrian Bosshard, CEO at Rado which counts India as its biggest market, surpassing top luxury spenders China and the US.The trade pact…

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Wall Street week ahead! US markets eyes volatility: Tesla, Netflix earnings & delayed CPI report in focus

Wall Street week ahead: US stock markets are showing signs of shakiness as investors prepare for a week packed with corporate earnings and delayed inflation data. According to a Reuters report, major companies such as Tesla and Netflix are expected to provide a clearer picture of corporate profits, while the delayed September Consumer Price Index…

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Stock market outlook week ahead: Key factors set to drive market action on Monday – Here’s all you need to know

The Indian equity markets extended their winning streak on Friday, buoyed by foreign inflows, easing US bond yields, a stronger rupee, and festive optimism. Investors now head into a holiday-shortened week keeping an eye on global trends, foreign fund movements, and quarterly earnings, analysts said. Stock market overview The S&P BSE Sensex surged 484.53 points…

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‘Will impact every sector’: China’s new rare earth export curbs to hit Indian manufacturing? ‘Scope of restrictions so vast..’

Industry leaders indicated that China’s restrictions will impact the import of components. (AI image) India’s manufacturing sector, which saw a booster shot when the government announced sweeping GST rate cuts, now faces an operational crisis with China’s latest rare earth export curbs.China’s export restrictions, now including light rare earth magnet components, are expected to deepen…

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