News - Finance

A Shot in the Arm for India’s BFSI Sector: NIIT and ICICI Bank owned IFBI celebrates 5th year

New Delhi, December 6, 2010 (Washington Bangla Radio / PRUrgent) The continued growth of private banks and insurance companies in India is consistently generating lakhs of jobs in both sectors. The need of the hour is qualified, trained and skilled manpower. This massive requirement is specifically addressed by the Institute of Finance Banking and Insurance (IFBI), which is celebrating its fifth year as one of the largest talent providers for India’s BFSI industry.

Jointly set-up by Asia’s No 1 IT education provider and India’s No1 private sector bank viz, NIIT and ICICI Bank, IFBI provides education and training solutions for both individual and corporate clients. Since its inception, the institute has delivered over 9,000 industry-ready candidates and 20,000 ‘re-skilled’ professionals to the financial services sector.

Private Equity Funds Boom - Investment in Brazil Ripe for Growth

MARBELLA, SPAIN November 24, 2010 (Washington Bangla Radio / 24-7PressRelease) The latest addition to the growing list of opportunities for investment in Brazil is private equity. Funds - mostly from foreign investment - are currently enjoying in boom in Latin America's largest economy.

Private equity investment in Brazil has reached high levels this year and well-known international fund managers are joining established local firms in the bid to make the most of what Brazil has to offer. And according to Ernst & Young, Brazil has plenty to offer the foreign investor.

In their report 'Private Equity in Brazil - ready for its moment in the sun', published last month, Ernst & Young present a very bullish picture of Brazil for the private equity investor. The report finds that Brazil is enjoying increasingly popular status among investors, mainly because of its strong economic position, robust growth forecasts and Brazil's increasing transparency in doing business.


Indian Economy Continues To March Forward

New Delhi, Nov 24, 2010 (Washington Bangla Radio / PIB India) The forward march of the Indian economy is continuing on the expected lines. The comfortable indicators promise to drive the economy out of the slowdown it faced in 2008-9, when the growth rate dipped to 6.7 per cent, after experiencing a 9 per cent growth for five consecutive years.

The most gratifying is the fall in food inflation which has been coming down consistently for the last five weeks and has now touched the 17 month low of 10.3 per cent. It stood at about 14 per cent in the corresponding period last year.

New ICICI Bank Fixed Rupee Money Transfer Service Allows NRIs To Send Exact Rupee Amounts

Mumbai, November 24, 2010 (Washington Bangla Radio / 1888PressRelease) Now get freedom from exchange rate movements with online transfer tracking.

This is a significant value addition over the traditional money transfer mechanisms where the rates are not available at the time of initiating the remittance.

German Economy Sees Highest Growth In 20 Years - US Economy Still Jittery

Berlin, November 15, 2010 (Washington Bangla Radio / 1888PressRelease)- That's the fastest growth since records for a reunified Germany began in 1991.

Analysts at "Barvetii" believes Germany's economy is benefiting from a recovery in global demand after last year's recession just as the euro's 10 percent decline against the dollar this year makes its exports more competitive outside the currency bloc. At the same time, governments across the 16-nation euro region are cutting spending to rein in ballooning budget deficits, threatening to slow growth in coming months.


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