Tag: Mauritius
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Mauritius PM inaugurates SBM Bank (India) Ltd in Mumbai
Mumbai : Mauritius Prime Minister P.K. Jugnauth inaugurated the SBM Bank (India) Ltd, which becomes the first foreign bank in India that was granted the Reserve Bank of India (RBI) licence to operate as a wholly owned subsidiary, an official said on Friday. Previously known as SBM Bank (Mauritius) Ltd, it started Indian…
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Amended Mauritius tax treaty plunges equity markets
Mumbai (IANS) Key Indian indices plunged on Wednesday as an amended tax treaty with Mauritius spooked investors at the prospects of a massive outflow of foreign capital from the equity markets. Consequently, the key indices of the Indian equity markets traded deep in the red during the mid-afternoon trade session. The wider 51-scrip Nifty of…
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“Without India, can’t move forward on blue economy”
New Delhi:(IANS) Seychelles said on Thursday that it wants to work together with India on developing its blue economy and that it was keen to invite Indian participation in a 396,000 sq km extended continental shelf area that it shares with Mauritius in the Indian Ocean. Visiting Seychelles President James Alix Michel said: “Without India…