India may become top BRICS nation under Modi: Cisco chief

The chances of India becoming top emerging country of the BRICS grouping are "extremely good" under Prime Minister Narendra Modi, tech giant Cisco's Chairman and CEO John Chambers said Wednesday.

Looking forward to serve BRICS nations: Kamath

Equal capital contribution has been decided so that the development bank does not fall into the ownership pattern of IMF and the World Bank.

India not pursuing any agenda for expansion of BRICS

India on Tuesday said it will not pursue any agenda for expansion of Brazil-Russia-India-China- South Africa (BRICS) bloc during the upcoming summit in July in Brazil.

Competition Commission plans pact with BRICS grouping

The idea was discussed during the BRICS International Competition Conference held in the national capital last November, where regulators from these jurisdictions resolved to strengthen their cooperation.

Economic worry shifts to emerging markets at Russian G20

Brazil, Russia, India, China and South Africa -- grouped in the informal BRICS bloc seen as an alternative economic powerhouse -- all go into the meeting experiencing slowing growth and embattled currencies.

India's low growth affects BRICS: South Africa

The Indian economy's current low growth has consequences and implications for all BRICS nations, South African Trade and Industries Minister Rob Davies said.

BRICS states to form teams to work on their bank

Finance ministers of the BRICS countries have agreed to set up delegations that would work out the main principles for the establishment of a development bank by this fall, Russian Deputy Finance Minister Sergei Storchak said.

Inflation in India higher than other BRICS nations: Thomas

Inflation in India is higher as compared to other BRICS countries, Food Minister K V Thomas informed Parliament on Tuesday.

'Development bank to be finalised during BRICS summit'

Brazil, Russia, India, China and South Africa aim to conclude the setting up of a BRICS development bank at the next summit of the grouping, which will take place in Durban from 25 to 27 March next year.

BRICS summit to discuss appointment of new WB chief: China

BRICs countries continue to be touch over the appointment of the new World Bank chief, China's Assistant Foreign Minister Ma Zhaoxu told a media here.