India's Motherson Sumi buys Finland's PKC Group for $619 million
Indian auto parts maker Motherson Sumi Systems Ltd (MSSL) said on Monday it had completed the buyout of Finland's PKC Group for 571 million euros ($619.4 million).
NEW DELHI Gold and silver imports into India, the world's second-biggest buyer of the metal, dropped 40 percent to $33.46 billion in 2013/14, a trade ministry source said on Friday, following a series of restrictions imposed by the government to curtail the current account deficit.
However, the fall in gold and silver imports narrowed in March, registering a fall of 17.27 percent from a year earlier to $2.76 billion, the source, who did not want to be named, told Reuters.
Last month, the Reserve Bank of India (RBI) allowed five more private banks to import the yellow metal, in what many saw it as a first significant step in easing of tough rules on imports.
(Reporting by Malini Menon; Writing by Siddesh Mayenkar; Editing by Anand Basu)
TOKYO Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central bank's 2 percent inflation target, a summary of opinions from their March 15-16 meeting showed on Monday.
The S&P 500 cut earlier losses on Monday to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald Trump's first major legislative action would impact the rest of his agenda.