Axis MF, the fund management firm backed by Axis bank, is projecting to be in the black for the year because of its diversified offers.
Sectors
US and India ties drifts due to economic differences
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
Manufactured US goods barely increased, fiscal uncertainty reflected
Orders for US manufactured goods declined in August which showed a possible sign of companies holding back their investments due to uncertainties in US government spending.
IMF and EU halts Greece bailout aid discussions
Greece international lenders had temporarily halted their latest bailout fund to Greece, according to a Reuters report.
Al-Futtaim signs MoU for new Muscat mall in Oman
Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.
Latest News
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
The new deadline is now at October 31 for the acquisition of Vivendi's shareholdings in Maroc Telecom by Etisalat.
In a bid to ease the pressure on its public finances, Oman is set to issue an international bond as well as a sovereign bond next year.
According to a data from SQM Research Pty, property prices in Sydney might increase to as much as 20% in 2014.
The Central Bank of China said last Sunday that it would keep policy steady to cope with economic uncertainties.
The exclusive discussion for Etisalat’s proposal to acquire Vivendi’s stake in Maroc Telecom had been extended up to October 31.
China opened its free trade zone in Shanghai and was hailed as the country's boldest reform, according to a Reuters report.
CEO resignation would not deter the merger of the two Omani banks. In an announcement, Bank Dhofar's CEO Anthony Mahoney had resigned from the bank.
The escalator at Harrods would undergo a major facelift and renovation. Qatar's newly acquired luxury London department store, Harrod's, had laid out plans to undertake a multi-million renovation as part of the investment from the Gulf state in the world renowned brand.
