BRICS Bank to keep borrowers' interest in mind: Kamath

Last Updated: Thursday, July 9, 2015, 14:23

In a major shift from the way multilateral lenders functions, borrowers' interest will be paramount for the USD 100-billion BRICS Bank as against the common practice of lenders' view getting preference, the first chief on the new institution K V Kamath has said.

Strong economic cooperation required among BRICS nations: Modi

Last Updated: Thursday, July 9, 2015, 13:20

Prime Minister Narendra Modi on Thursday said that a strong economic cooperation is required among the BRICS nations.

PM Modi, FM Jaitley interact with business leaders in Russia

Last Updated: Thursday, July 9, 2015, 11:12

Prime Minister Narendra Modi on Thursday interacted with business leaders in Russia. Also present at the interaction was Union Finance Minister Arun Jaitley.

PM Modi to attend BRICS, SCO summits today

Last Updated: Thursday, July 9, 2015, 09:34

Prime Minister Narendra Modi will attend the seventh BRICS summit in Ufa on Thursday, followed by participating in the Shanghai Cooperation Organisation (SCO).

Russia President Vladamir Putin woos China before BRICS summit

Last Updated: Thursday, July 9, 2015, 00:44

Russian President Vladimir Putin and his government courted Beijing on Wednesday before a BRICS summit, playing down a stock market plunge in China and proposing better terms for investors from Beijing.

BRICS bank to consider new memberships within six months

Last Updated: Thursday, July 9, 2015, 00:38

The BRICS New Development Bank will consider membership of new countries within six months, with the most probable new candidates being African states, its first president, India`s K.V. Kamath, said on Wednesday.

NDB to set its own standards; no rivalry with others: Kamath

Last Updated: Wednesday, July 8, 2015, 19:38

Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.

BRICS FMs discuss elements of development bank

Last Updated: Wednesday, July 8, 2015, 00:59

On the eve of the BRICS Summit to be attended by Prime Minister Narendra Modi, Finance Ministers of the five member countries met today, focusing their discussions on the contours and other elements of the BRICS Development Bank.

BRICS nations agrees to create $100 billion forex pool

Last Updated: Wednesday, July 8, 2015, 00:47

The 5-nation BRICS group Tuesday signed an agreement to create a USD 100 billion pool of foreign- exchange reserves to help each other "in case of any problems with dollar liquidity", with India chipping in USD 18 billion.

BRICS, SCO summits to yield pragmatic results: Chinese experts

Last Updated: Tuesday, July 7, 2015, 18:44

The BRICS Summit and a meeting of the Shanghai Cooperation Organisation to be held in Russia this week would yield pragmatic results including a new development bank, Chinese experts have said.

Europe demands new Greek debt plan at crisis summit

Last Updated: Tuesday, July 7, 2015, 18:06

European leaders warned Greek Prime Minister Alexis Tsipras to submit new bailout proposals at an emergency summit on Tuesday or risk leaving the euro, after Greeks defiantly voted `No` to further austerity.

Euro edges lower ahead of euro zone summit on Greece

Last Updated: Tuesday, July 7, 2015, 09:09

The euro edged slightly lower in early Asian trading on Tuesday, but remained well off lows touched in the previous session ahead of a euro zone summit that investors hope might offer a way for Greece to climb out of its debt crisis.