'Super rich in emerging economies prefer 2nd home abroad'

UHNW individuals are defined as those with at least USD 30 million (about Rs 200 crore) in assets.

No shareholding restrictions on BRICS Bank loans: Kamath

"Our aim will be that we do not see only from the point of view of the lenders, but also from the point of view of the borrowers," Kamath told PTI in an interview.

Exim Bank, BRICS member development banks ink MoU with NDB
Exim Bank, BRICS member development banks ink MoU with NDB

Export-Import Bank of India (Exim Bank) on Friday said it has signed a multilateral agreement to cooperate with New Development Bank (NDB) along with other member development banks of BRICS nations.

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

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 bank to be operational by end of 2015: South Africa

The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said Friday.

No plans to turn BRICS into military alliance: Russia

Russian Deputy Foreign Minister Sergei Ryabkov said on Wednesday that there was no plan to turn the BRICS grouping into a military alliance.

KV Kamath to take over as BRICS Bank chief in 10 days: Govt

Eminent banker K V Kamath will take over as the first president of USD 100 billion BRICS bank in next 10 days after he resigns from various board positions he holds, Finance Secretary Rajiv Mehrishi said Thursday.

'India's investment climate better than other BRICS nations'

Though India has a better investment climate among BRICS nations, its regulatory and tax system-related challenges are impacting immediate investment plans, a survey found.

India cuts exposure to US govt securities at $77.5 bn in Oct

Apart from India, other BRICS nations -- Brazil, Russia, China and South Africa -- cut down their holdings of American government securities.

As money leaves Russian stocks, China, other BRICS benefit

With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow`s equity markets and funnelling cash into other BRICS states, with China a standout beneficiary.

BRICS to create development bank, `mini-IMF`

Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions.

BRICS nations commit to refrain from protectionist measures

BRICS nations, including India, on Tuesday expressed commitment to refrain from taking any protectionist measures and improve policy coordination to enhance trade and investment.

Negotiations to launch new BRICS bank hit snag: Source

Negotiations have stalled for now on a dispute between China, India and South Africa over who will host the bank.

As BRICS economies grow up, 10 upstarts emerge: Report

Indonesia, Bangladesh and Ethiopia are among 10 countries set to take over as emerging economies from the powerful BRICS nations as they struggle with growing pains, a French credit body said on Tuesday.

BRICS fair trade regulators to strengthen co-operation

The region's competition authorities acknowledged the benefits of technical co-operation in sound and effective enforcement of such laws.

India calls for global cooperation among anti-trust regulators

India on Thursday called for greater cooperation among competition authorities from across the world, in the wake of growing number of cross-border M&A deals and possible anti-competitive practices across boundaries.

Competitive markets resilient to economic uncertainties: Pilot

The ongoing summit would discuss various issues and challenges in competition enforcement in BRICS countries and take the agenda of cooperation among the BRICS competition authorities forward from the earlier two conferences.

PM to inaugurate BRICS conference on competition on Thursday

The two-day conference is being organised by Competition Commission of India (CCI) on behalf of BRICS (Brazil, Russia, India, China, South Africa) countries in the national capital.

BRICS countries weathered global crisis well: India

India said on Thursday said BRICS nations have demonstrated economic resilience by weathering the global financial crisis rather well and are expected to play central role in post-crisis global economy.

India, Russia agree on BRICS economic cooperation strategy

India has agreed to consider a Russian proposal aimed at developing multilateral economic cooperation within the BRICS grouping.