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NSE ties up with London Stock Exchange
Mumbai: The National Stock Exchange of India (NSE) said it has signed a Memorandum of Understanding (MoU) with the London Stock Exchange Group (LSEG) to create a dual listing route for masala bonds and foreign currency bonds of Indian issuers. The partnership would also explore the launch of “ELITE”, LSEG’s business support and capital raising programme for private high-growth companies, in India in 2019, an NSE statement said.
 
 
Turkey not seeking economic aid from Berlin: Germany
BERLIN: Turkey has not sought economic aid from Germany during talks in Berlin and Turkish President Tayyip Erdogan is not to ask for support when he meets Chancellor Angela Merkel next week, German Finance Minister (FM) Olaf Scholz said. “Turkey has not sought economic aid, neither during our talks nor will it do so in the talks that the president and the chancellor will hold,” Scholz said after meeting
   
Emami Paper Mills to invest Rs2,000 crore in Gujarat
Kolkata: Emami Paper Mills said it will invest Rs2,000 crore for setting up its new manufacturing plant at Bharuch in Gujarat and also for adding capacity in the second phase. Gujarat Chief Minister Vijaybhai Rupani on Friday laid the foundation stone of its greenfield multilayer packaging board project. The company hopes to commence production in the first half of 2020. Spread over an area of around 103 acres, in Saykha
 
 
Infosys to offer cloud solutions on Google platform
Bengaluru: Software major Infosys would offer scalable services and solutions on demand to global enterprises on search engine’s Google cloud platform, the IT major said on Saturday. “We are partnering with Google to develop cloud transformation and migration services for enabling enterprises transform their businesses on scalable and on-demand model,” said the city-based company in a statement here. The $10.9 billion IT
   
Egypt picks Siemens for power plants operation
CAIRO: In a new milestone agreement, Siemens announced today that it has been selected by the Egyptian Electricity Holding Company (EEHC) to provide comprehensive operation and maintenance services (O&M) for the Beni Suef, New Capital and Burullus power plants, for the next eight years. The agreement, which is the largest ever for the Siemens Power Generation Services Division in terms of power generated, includes the
 
 
Investor concern turns to Turkey’s banks after economic programme
ISTANBUL: Investors had hoped Turkey would announce a sweeping plan to help its banks when Finance Minister Berat Albayrak rolled out a new economic programme this week. What they got fell far short of that. Albayrak announced sharply lower growth forecasts for this year and next and promised $12 billion in new savings and revenue for 2019, but failed to mollify investors who wanted to see Ankara move quickly to stem worries
   
SEBI releases revised KYC norms for foreign portfolio investors
Mumbai: The markets regulator Securities and Exchange Board of India (SEBI) on Friday published revised know-your-client (KYC) norms for foreign portfolio investors (FPI) providing relief to the foreign entities. The Securities and Exchange Board of India also revised the eligibility norms for FPIs as it accepted the recommendations of the SEBI working group headed by former Deputy Governor of the Reserve Bank of India H.R.
 
 
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