India and Mozambique signed three agreements, including a long-term pact on purchase of pulses from the African country. The other two agreements were related to youth affairs and control of narcotic drugs.
2. Juergen Hase to head Anil Ambani's Reliance Group IoT biz
Anil Ambani-led Reliance Group has appointed Juergen Hase the Group CEO for its Internet of Things (IoT) business.
Hase has over 25 years of experience in developing and executing new businesses in different global markets.
Till recently, he was Director IoT/M2M in Ooredoo at the Group level based in Qatar.
Prior to Ooredoo, he was Vice-president of the M2M Competence Centre at Deutsche Telekom (DT) for over a decade.
3. HSBC says GDP data concerns stay; India to grow slower at 7.4%
According to the global financial services major HSBS, India's economy may grow at a slightly slower pace of 7.4% this fiscal amid weaker global demand and risk aversion.
4. SBI Card to have more co-branding with other banks
SBI Card, a subsidiary of State Bank of India, would go for co-branding of credit cards with more other banks which do not have big back-office support.
SBI Card already has co-branding with Karur Vysya Bank, Bank of Maharashtra, Oriental Bank of Commerce, Federal Bank and Lakshmi Vilas Bank.
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