ReutersRetail customers will be able to send money to individuals and legal entities in India, the bank said. The maximum volume of one transaction will be 20 million roubles ($213,106), the commission is 1% of the transfer amount.
Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
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Vedanta to Demerge into Six Listed CompaniesResources conglomerate Vedanta, which faces bond redemptions exceeding $3 billion over the next 18 months at its UK-based holding company, Friday said it would demerge into six listed companies to undergird the valuations of its revenue streams as diverse as mining, energy, and non-ferrous metals.
Jewellery Chains Put their Hallmark on Small TownsLatha Radhakrishnan used to travel to Coimbatore city to buy gold jewellery from Tanishq's store there, but she now has the option to buy it closer home, as the Titan co-owned chain has opened an outlet at Pollachi.
Sony-Zee Show Runs Into Overtime; Legal Glitches Behind Delay: ExpertsSony Group Corp Friday said that there would be a delay of several months in the merger of its local media unit Sony Pictures Networks India with Zee Entertainment Enterprises (ZEEL), while adding that both parties would pursue the processes necessary to close the deal that aims to create one of the biggest media companies in Asia’s third-largest economy.
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