World Business News

Bank of India has opened its first South African branch here, more than half a century after it established its first presence in the African continent.

“Africa has, for long, been our favoured continent and upgrading our representative office of the past five years to branch banking in South Africa

NEW YORK: Blackstone Group LP, the largest publicly listed alternative asset manager, said on Wednesday it raised just over $2.5 billion for its first energy-focused private equity fund, as it seeks to ride a wave of energy deals in the United States.

PARIS: As many as 10 car factories in Western Europe could close in the few years, leaving up to 80,000 people out of work, a German consulting firm said Wednesday.

 

The BSE Sensex gained 1.1 percent in August, but IT stocks outperformed as the BSE IT index surged 8.3 percent after falling 7.3 percent in July, with shares in India's top software services firm TCS rising 8 percent, and rival Infosys gaining 6 percent.