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Exxon names BAML to run Malaysia asset sales: sources
LONDON (Reuters) - Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said. FILE PHOTO: A…
With 21 unicorns, India third on list of billion-dollar tech start-ups; US, China lead
China-based Hurun Research found 494 unicorns in the world, based in 25 countries and 118 cities.India, with 21 unicorns, stands a distant third to China and the US in the inaugural Hurun Global Unicorn List 2019, a ranking of the…
RBI asks banks to put in place board-approved policy for making investment in InvITs
The overall leverage of the InvITs and the underlying SPVs put together shall be within the permissible leverage as per the board approved policy of the banks,” it said.The Reserve Bank on Monday asked banks to put in place a…
Global markets: Global shares lose steam on weak US retail sales, Brexit in focus
Data later in the session showed U.S. business inventories were unexpectedly flat in August, which suggested inventory investment could also drag on third-quarter economic growth. (Reuters photo) Global stocks barely moved on Thursday as…
Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion
BOSTON (Reuters) - The City of Boston’s retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging…
E-commerce needs to earn govt’s trust; must be vocal about aligned goals towards $5 trillion economy
The government is already in the process of formulating the e-commerce policy.Even as the Narendra Modi-government envisions India to become a $5 trillion economy, India’s e-commerce sector, which is likely to grow from $24 billion in…
Arundhati Bhattacharya calls for special cadre for compliance & risk management at every banks
It can be noted that on August 30, the government had decided to allow state-run lenders’ boards to appoint chief risk officers and pay them as per market salaries.Arundhati Bhattacharya, the past chairman of State Bank, on Wednesday…
After blockbuster debut, IRCTC falls for second day; plunges 2%
IRCTC is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.After a blockbuster debut, Indian Railway…