Forbes documents the top ten most significant changes that India has witnessed from 2010 to 2017. Read a lightly edited summary of these below: 1) Emerging as one of the largest economies The recent economic expansion noted in India has brought a record number of people out of poverty. A...
Alibaba Invests $200 Million in India's Paytm
Valuing India's Paytm E-Commerce Private Limited at about $1 billion, China's Alibaba Group Holding Limited, will invest $180-200 million in the online retailer, taking the stake of Alibaba and its affiliate Ant Financial to more than 50 percent. Paytm e-Commerce is an entity created by Noida-based One97 Communications Ltd., which...
JPMorgan Expands Footprint in India
New York-based JPMorgan Chase & Co. will open three branches in India, even as global competitors HSBC and UBS are scaling back to cut costs and bolster capital. JPMorgan is witnessing an increasing level of cross-border activity among its clients as they capture more business driven by India's economic growth, Madhav...
Global Regulators Confer Top Ratings on India’s Financial Market
The International Organization of Securities Commissions and the Bank for International Settlements annually evaluate the implementation status of the international Principles for Financial Market Infrastructure in various countries, and assign rating that are considered a global standard for the financial sector.In the assessment for 2015, which took into account regulations...
India's Central Bank Cuts Interest Rate Again in June
This month, the Ressreve Bank of India cut a key interest rate by a quarter percentage for the third time this year, to support government efforts to boost growth. Previous such cuts were effected in January and March. Per this policy, commercial banks can now borrow from the central bank ...
Favorable Economic Winds Help India’s Economy Surge
Of the BRIC economies, Brazil is struggling as commodity prices fall, Russia is headed toward recession due to weak oil revenues and sanctions from Western nations, while China is slowing down. However, in India the stock market and rupee are surging; multinational companies are looking to start new operations or...