World’s highest-profile bank executive, Indian origin, Anshu Jain has announced his resignation from German bank Deutsche Bank as CEO. His Co CEO German dummy appointee -Jürgen Fitschen also announced his exit though Mr Fitchen may continue one more year. Mr Jain was one of the rarest non German CEOs of Deutsche which can be considered as the SBI of Germany. Jain’s exit from the German bank is not related to his fault. But rather the time he was selected to lead the big bank was a bad one. Most of the big banks are severely regulated now. Deutsche faced several problems typical to many other Western banks faced in the aftermath of the post crisis hard regulation
Indian Corporate Abroad
Reliance Power will make the largest foreign investment in Bangladesh to construct a 3000 MW power plant. The Agreement was signed by the executives of the company during the visit of Prime Minister Narendra Modi to the eastern neighbour country. The project is a historical one as it is considered to be one of the largest foreign investments made by an Indian entity in a South Asian country. Similarly, better political understanding between the two sides may reinforce the project's execution. During Modi’s two day visit, both countries will sign a territory swap deal. The power project will be completed in three years with Reliance putting nearly $ 3billion, which is a
When Prime Minister Manmohan Singh meets US President Obama on Friday, the meeting will be a critical one for the Indian tech companies and the skilled expatriates. The Prime Minister is going to raise the new Comprehensive Immigration Reform bill that is in front of the US House of Representatives. The immigration bill stipulates that companies in the US should cut their visa workforce to 50 percent by 2017. Besides, companies that have more than 75% of their workforce from H1B or L-1 visas would be banned from getting more visas from 2015. The two provisions are death blows to the Indian tech firms like TCS, Infosys and Wipro who employs large number of Indian professionals in
A clear manifestation of changing attitudes. India’s foreign policy makers start displaying confidence with regard to India’s ability to intervene in overseas affairs. India commits to reconstruct Mali, the land locked country of West Africa, wounded by terrorists. This is for the first time that India intervenes in the domestic affairs of a country away from its natural sphere of influence. For the last one decade Africa has been the focal point of our foreign policy prism. Several major powers have strong presence in Africa, except India. India shifted the focus very late. Better late than never. India’s participation in the’ Support and Follow Up&r
The airport construction specialist is looking for coal mines acquisition especially in the wake of increased demand for coal. The company is offering equity worth of the Rs 3,965 crore to Qualified Institutional Buyers (QIB) for the purpose. The procured funds will be utilised for the acquisition of coal mines. GMR had allotted its shares with a face value of Rs1 at a premium of Rs 238 per share. The Management Committee of the board of directors at its meeting approved the allotment of shares to QIBs. GMR’s investment plan in coal fields has strategic importance. The country is aiming to create 400000 MW electricity through ten coal based Ultr
Dictionary on Indian Economy
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- Why the GST reform is transformational?
- Raghuram Rajan: The Gladiator returns to Chicago
- Good intention but poor thinking - what troubles demonetization?
- India Black Money Report: CBI underestimates black money at Rs 25 lakh crore
- High interest rate rather than inflation is the macroeconomic problem for India right now
- Japan’s first trade deficit in 30 years is part of the Global Shift
- Arvind Subramanian rocks with 'Chakravyuha' in Economic Survey
- Why we need an emergency monetization plan as well?
- NREGS: give respect to the tax payer’s money