MUMBAI: Rana Talwar, the first Indian and Asian to helm a global bank, died at the age of 76 on Saturday.He was unwell for some time, said sources. He is survived by wife Renuka (daughter of DLF Group chairman emeritus K P Singh) and son Rahul (who is also involved with DLF). His last rites … Read more
India’s rupee will not drop past the 84-per-dollar mark even if the greenback strengthens further from current levels as the nation’s central bank will step in to defend the currency, according to Standard Chartered Plc. “The Reserve Bank of India has been protecting rupee from depreciating very sharply,” Parul Mittal Sinha, head of India financial … Read more
Vedanta Resources Ltd. is planning to meet bondholders in Singapore and Hong Kong, people familiar with the matter said, as the junk-rated Indian miner faces repayment of about $2 billion of notes next year.The non-deal roadshow would take place as soon as next week, said some of the people, who asked not to be named … Read more