India joined BRICS to forge economic cooperation: Sharma

Last Updated: Thursday, March 28, 2013, 10:11

India on Wednesday said it did not join the BRICS group to oppose others but to advocate closer cooperation among every nation to rebalance the global economy and distribution of political power.

Need reforms in international financial institutions: BRICS

Last Updated: Wednesday, March 27, 2013, 23:24

Deciding to establish a new Development Bank for financing infrastructure needs in emerging economies, the BRICS summit today called for reform of the international financial institutions to make them more representative and to reflect the growing weight of the five-member grouping and other developing countries.

BRICS partnerships will benefit Africa: SA Minister Davies

Last Updated: Wednesday, March 27, 2013, 17:58

South African Minister of Trade and Industries Rob Davies on Wednesday said that the partnership between the BRICS nations will help in boosting the growth of trade and industrialisation in the African continent.

Singh-Xi meeting will help build mutual trust: China

Last Updated: Wednesday, March 27, 2013, 16:50

Xi, will hold bilateral meetings on the sidelines of the BRICS summit, Chinese Foreign Ministry spokesman Hong Lei told a media briefing here.

Manmohan Singh-Xi meeting will help build mutual trust: China

Last Updated: Wednesday, March 27, 2013, 16:24

Ahead of the first meeting between Prime Minister Manmohan Singh and Chinese President Xi Jinping in Durban, China on Wednesday said such a meeting will help to build mutual trust and cooperation between the two countries.

Manmohan Singh makes five recommendations to BRICS

Last Updated: Wednesday, March 27, 2013, 14:34

Prime Minister Manmohan Singh Wednesday made five suggestions for BRICS, covering global growth to security, as the influential bloc of Brazil, Russia, India, China and South Africa moves forward after concluding the first cycle of five summits in each of these emerging economies.

BRICS mechanism vital for emerging economies

Last Updated: Wednesday, March 27, 2013, 12:21

BRICS consists of Brazil, Russia, India, China and South Africa, with the name formed by the initials of the five emerging economies. It was known as BRIC before South Africa joined the group in 2010.

World Bank welcomes establishment of BRICS Bank

Last Updated: Wednesday, March 27, 2013, 10:15

Welcoming the establishment of a BRICS Bank, the World Bank Wednesday said it is ready to work closely with the new player to end poverty and build shared prosperity throughout the developing world.

Indian corporate leaders stress on boosting small, medium enterprises at BRICS

Last Updated: Wednesday, March 27, 2013, 09:53

They voiced these views at the ongoing fifth BRICS Summit in Durban, South Africa. Briefing the media on the sidelines of the conference, Naina Lal Kidwai, country head of the Hong Kong and Shanghai Banking Corporation (HSBC) in India, said that the mid-sized business enterprises need continuous support.

Anand Sharma admits India’s underperformance at BRICS

Last Updated: Wednesday, March 27, 2013, 09:49

The BRICS countries have invited African states to take part in discussions at the summit under the theme ‘BRICS and Africa - Partnerships for Integration and Industrialisation’ to explore the potential for the development of cooperation between them.

Manmohan Singh to meet Xi Jinping in Durban Wednesday

Last Updated: Tuesday, March 26, 2013, 23:26

Prime Minister Manmohan Singh will meet China's new President Xi Jinping in Durban Wednesday, the first bilateral meeting between the two leaders after the leadership change in Beijing.

BRICS nations to set up JBC to encourage free trade

Last Updated: Tuesday, March 26, 2013, 21:37

The summit of BRICS nations in Durban Wednesday will set up a Joint Business Council that will seek to encourage free trade and investment in goods and services among the 5-nation grouping.