Briefly Business: FIPB to decide on IKEA’s FDI proposal in November

FIPB to decide on IKEA's FDI proposal in November

New Delhi: The Foreign Investment Promotion Board (FIPB) is expected to take a decision next month on Swedish home furnishing major IKEA's proposal to invest Rs 10,500 crore to set up single-brand retail stores in the country.

US sues BofA over mortgage fraud

new york: The US filed a civil mortgage fraud lawsuit against Bank of America, accusing it of selling toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion losses.

FIIs pump over $4 bn in Sensex shares in Q2

Mumbai: Foreign institutional investors (FIIs) have raised their exposure to 24 Sensex firms, with purchase of shares worth an estimated amount of more than $4 billion, in the second quarter ended September 30.

China making slow, steady recovery: HSBC

BEIJING: China's economy is making a slow, steady recovery from its weakest period of growth in three years, the HSBC survey of purchasing managers signalled, with new orders and output at their highest in months.

Apple's new launches in stores next month

NEW DELHI: Apple said its newly-launched iMac will be available in India next month. The 21.5-inch base model of the iMac is priced at Rs 85,900, while the 27 inch model would cost Rs 1,34,000. The Mac Mini costs Rs 39,900 while the Macbook Pro sells for Rs 1,34,900.

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