BRICS bank to start lending in local currency by April: Kamath

Last Updated: Friday, July 10, 2015, 12:26

The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit facility, its chief and eminent banker K V Kamath said here on Friday.

BRICS vow to coordinate actions to protect their economies

Last Updated: Friday, July 10, 2015, 00:24

The BRICS emerging nations said on Thursday they were worried about the volatility of global financial markets and oil prices and agreed to coordinate efforts to keep their economies stable.

Modi proposes 10-point initiative for BRICS nations

Last Updated: Thursday, July 9, 2015, 20:38

India will be the next chair of BRICS for 11 months beginning February next year.

Narendra Modi proposes 10-point initiative for BRICS nations

Last Updated: Thursday, July 9, 2015, 20:15

Calling it 'Das Kadam: Ten Steps for the Future', Modi put forward new initiatives for the BRICS grouping that is formed by major emerging economies.

BRICS bank to finance energy projects from next year: Vladamir Putin

Last Updated: Thursday, July 9, 2015, 19:44

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system.

New BRICS bank to look at local, international borrowing: President

Last Updated: Thursday, July 9, 2015, 18:34

The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said on Thursday.

Unilateral sanctions hurting global economy: PM Modi

Last Updated: Thursday, July 9, 2015, 16:17

Prime Minister Narendra Modi today said that "unilateral sanctions" are hurting the global economy, in a veiled attack on the West which has imposed sanctions on Russia over the Ukraine crisis.

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.