JEDDAH – The State Bank of India Jeddah branch, which was officially inaugurated in Jeddah Wednesday evening by Saudi Arabian Monetary Agency Deputy Governor Dr. Abdul Rahman Al-Khalaf, will focus on corporate, retail and remittance business all under one roof, said Hemant G. Contractor, Managing Director & Group Executive (International Banking). “Indians here are looking [...] Read more »
Walmart in India: a long way to go
Foreign supermarket giants have been salivating for years over the possibility of India’s $450bn market opening up to international retail chains. On Thursday night, they got their wish, as the country’s cabinet, in one of the most radical pro-liberalisation moves in years, decided to allow 51 per cent FDI in multi-brand retail (hello Walmart, Tesco [...] Read more »
Subsidy, visa fee not to hit Indo-US bilateral economic ties: Francisco J Sanchez
Differences over issues like subsidies or visa fees will not derail growing bilateral economic ties between India and the US, says US under secretary of commerce for international trade Francisco J Sanchez . Excerpts from an interview with ET . Are you frustrated with India acting slow on FDI in multi-brand retail? Retail is one [...] Read more »
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