borrowings

Himachal’s loan liability is Rs.26,651 crore


August 29th, 2012 - 11:30 am ICT by IANS
Shimla, Aug 29 (IANS) Himachal Pradesh's loan liability is Rs.26,651 crore and it has paid Rs.2,146 crore as interest on borrowings in the past one year, the state government ... Read more...

Posted in Business |

Input costs, lack of reforms hit India Inc. business confidence


August 12th, 2012 - 5:14 pm ICT by IANS
New Delhi, Aug 12 (IANS) Most in India Inc. expect stagnancy or decline in their business activities in July-September period due to high cost of borrowings, unfavourable macro-economic condition and ... Read more...

Posted in Business |

S&P; cuts ArcelorMittal ratings to junk status


August 3rd, 2012 - 5:49 pm ICT by IANS
London, Aug 3 (IANS) Ratings agency Standard & Poor's Friday cut Lakshmi Mittal-led steel firm ArcelorMittal's ratings to junk, saying the slowdown in the global economy, especially in Europe, ... Read more...

Posted in Business |

RBI cuts SLR by 1 percent


July 31st, 2012 - 5:24 pm ICT by IANS
New Delhi, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday announced a reduction in the statutory liquidity ratio (SLR) from 24 percent to 23 percent with effect from ... Read more...

Posted in Business |

S&P; cuts Tata Steel outlook to negative


July 26th, 2012 - 9:01 pm ICT by IANS
New Delhi, July 26 (IANS) Global ratings agency Standard & Poor's Thursday cut its outlook on Tata Steel and its European subsidiary Tata Steel UK Holdings Ltd to "negative" from ... Read more...

Posted in Business |

Don’t raise retirement age, Achuthanandan tells Kerala government


July 17th, 2012 - 3:39 pm ICT by IANS
Thiruvananthapuram, July 17 (IANS) Leader of opposition in the Kerala Assembly V.S. Achuthanandan Tuesday warned the government against raising the retirement age of its employees and starting a contributory pension ... Read more...

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PM sets up monitoring system to fast track projects


June 1st, 2012 - 7:08 pm ICT by IANS
New Delhi, June 1 (IANS) Prime Minister Manmohan Singh Friday approved setting up a monitoring system to fast track implementation of major projects with outlay of over Rs.1,000 crore, ... Read more...

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India’s economic growth dips to 9-year low of 5.3 percent (Roundup)


May 31st, 2012 - 8:41 pm ICT by IANS
New Delhi, May 31 (IANS) India's economic growth slumped to 5.3 percent in the January-March quarter, the slowest in nine years, dragged by contraction in the manufacturing sector due ... Read more...

Posted in Business |

Sluggish growth, inflation mar UPA-2 party


May 22nd, 2012 - 5:11 pm ICT by IANS
New Delhi, May 22 (IANS) Prime Minister Manmohan Singh's United Progressive Alliance (UPA) government, which completed three years of its second term Tuesday, has little to cheer on the ... Read more...

Posted in Business |

Gujarat NRE Coke approves issuance of 5 crore warrants


May 15th, 2012 - 12:55 am ICT by IANS
Kolkata, May 14 (IANS) Gujarat NRE Coke ltd, the largest independent coke producer in India, Monday said its board has approved the plan to issue five crore warrants to ... Read more...

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GAAR rollback a surrender to US: CPI-M


May 8th, 2012 - 4:46 pm ICT by IANS
New Delhi, May 8 (IANS) India's decision to defer the implementation of the General Anti-Avoidance Rules (GAAR) by one year "is a meek surrender to finance capital ... and the ... Read more...

Posted in Business |

Moody’s may downgrade India’s three top private lenders


April 30th, 2012 - 3:23 pm ICT by IANS
Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis ... Read more...

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India’s financial system still strong, says RBI deputy governor


April 26th, 2012 - 4:53 pm ICT by IANS
Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & ... Read more...

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What do ratings, outlook downgrades mean?


April 25th, 2012 - 7:52 pm ICT by IANS
New Delhi, April 25 (IANS) Ratings agency Standard & Poor's Wednesday cut its outlook on India to "negative" from "stable". What does it mean?Outlook indicates potential direction of ratings in ... Read more...

Posted in Business |

SBI, Allahabad Bank cut interest rates


April 23rd, 2012 - 9:34 pm ICT by IANS
Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.However, ... Read more...

Posted in Business |

India Inc says cheers to surprise interest rates cut (Second Lead)


April 17th, 2012 - 9:29 pm ICT by IANS
New Delhi, April 17 (IANS) Indian Industry Tuesday rejoiced at the interest rates cut by the Reserve Bank of India for the first time in three years by an unexpected ... Read more...

Posted in Business |

Kingfisher, Air India owe Rs.525 crore to GMR


April 10th, 2012 - 7:00 pm ICT by IANS
New Delhi, April 10 (IANS) Infrastructure major GMR group Tuesday said that cash-strapped airlines Kingfisher and Air India owed it about Rs.525 crore for using the Delhi and Hyderabad airports."Kingfisher ... Read more...

Posted in Business |

India’s external debt rises to $335 billion


March 30th, 2012 - 6:50 pm ICT by IANS
New Delhi, March 30 (IANS) India's external debt rose to $334.9 billion at December-end 2011, an increase of 9.4 percent in the first nine months of the current financial year, ... Read more...

Posted in Business |

Chennai’s Shriram Housing aims big in this fiscal


March 30th, 2012 - 1:34 am ICT by IANS
Chennai, March 30 (IANS) Chennai-based Shriram Housing Finance Limited plans to grow its loan book size around Rs.340 crore this fiscal after beefing up its fund base with fresh equity ... Read more...

Posted in Business |

Dhumal in please-all mode in election year (Himachal Pradesh Newsletter)


March 3rd, 2012 - 1:34 pm ICT by IANS
Shimla, March 3 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal is on a spree to please-all ahead of the state assembly polls later this year.The debt-ridden state, which ... Read more...

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Sri Lankan central bank relaxes regulations


December 13th, 2011 - 2:13 pm ICT by IANS
Colombo, Dec 13 (IANS) Aiming to spur economic growth, the Sri Lankan central bank has relaxed regulations of foreign investments in corporate debentures of local firms and foreign borrowings by ... Read more...

Posted in Business |

Cost increase of Kudankulam project being ascertained


November 19th, 2011 - 7:54 pm ICT by IANS
Chennai, Nov 19 (IANS) India's atomic power plant operator Nuclear Power Corporation of India Ltd (NPCIL) is working out the cost escalation owing to delay in commissioning of the Kudankulam ... Read more...

Posted in Business |

Moody’s to now review India’s sovereign ratings


November 12th, 2011 - 4:32 pm ICT by IANS
New Delhi, Nov 12 (IANS) After lowering the outlook for India's banking industry, credit rating agency Moody's is likely to review the country's sovereign ratings Tuesday, amid a slowdown in ... Read more...

Posted in Business |

Know and grow with your customers, banks told


November 5th, 2011 - 11:04 pm ICT by IANS
Chennai, Nov 5 (IANS) Knowledge about the customers is the key for banks to grow and understand the market, said a top official of India's central bank Saturday.Speaking at the ... Read more...

Posted in Business |

Small home loan borrowers to get 1 percent interest subsidy


October 25th, 2011 - 5:45 pm ICT by IANS
New Delhi, Oct 25 (IANS) In a bid to provide relief to small home loan borrowers from rising interest rates, the government Tuesday said it will provide 1 percent ... Read more...

Posted in Business |

Each Himachal citizen now carries Rs.3.7 crore debt


August 31st, 2011 - 5:48 pm ICT by IANS
Shimla, Aug 31 (IANS) The debt burden of each of Himachal Pradesh's 6,856,509 people has now increased to a staggering Rs.3.70 crore over the past three and a half years.Unable ... Read more...

Posted in Business |

Government to pump Rs.1,732 crore into Air India


August 4th, 2011 - 10:38 pm ICT by IANS
New Delhi, Aug 4 (IANS) In a bid to pump cash into the financially-troubled Air India, the government Thursday cleared a Rs.1,732 crore package for the flag carrier, that ... Read more...

Posted in Business |

8.2 percent growth projection not disappointing: Pranab


August 2nd, 2011 - 7:13 pm ICT by IANS
New Delhi, Aug 2 (IANS) A day after the prime minister's Economic Advisory Council lowered GDP growth forecast to 8.2 percent from the earlier 9 percent, Finance Minister Pranab ... Read more...

Posted in Business |

Housing loan demand may fall: NHB chairman


July 27th, 2011 - 5:57 pm ICT by IANS
Kolkata, July 27 (IANS) The demand for housing loans may come down with key rates of the Reserve Bank of India (RBI) going up by 50 basis points, National Housing ... Read more...

Posted in Uncategorized |

India to set up debt fund to finance infrastructure


June 24th, 2011 - 3:45 pm ICT by IANS
New Delhi, June 24 (IANS) India will soon set up a debt fund to facilitate financing of long-term infrastructure projects. The government said Friday it has finalised the broad ... Read more...

Posted in Business |

Maharashtra’s Rs.42,000-crore annual plan approved


May 20th, 2011 - 5:59 pm ICT by IANS
Mumbai, May 20 (IANS) Maharashtra's Rs.42,000 crore annual plan - an increase of over Rs.4,084 crore over last year's Rs.37,916 crore - for 2011-12 has been approved by the central ... Read more...

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Nepal seeks Rs.3 bn credit guarantee from India


May 2nd, 2011 - 1:01 pm ICT by IANS
Kathmandu, May 2 (IANS) Ahead of a looming constitutional and parliamentary crisis, Nepal's cash-strapped coalition government has now sent an SOS to India, seeking a Rs.3 billion credit guarantee ... Read more...

Posted in Business |

Government to stick to fiscal deficit target, borrowing limit


April 9th, 2011 - 8:08 pm ICT by IANS
New Delhi, April 9 (IANS) The Indian government will meet the fiscal deficit target during the current fiscal and not exceed its borrowing limit, top finance ministry officials said ... Read more...

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Reliance Communications gets $665 mn from Chinese bank


March 17th, 2011 - 7:39 pm ICT by IANS
New Delhi, March 17 (IANS) Reliance Communications Thursday said it has received $665 million from China Development Bank as the first instalment of a $1.93 billion loan to finance ... Read more...

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Dhumal presents Rs.16,708.47 crore budget (With image)


March 9th, 2011 - 6:17 pm ICT by IANS
Shimla, March 9 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Wednesday presented the budget estimates for 2011-12 with a proposed outlay of Rs.16,708.47 crore. However, no fresh taxes have ... Read more...

Posted in Uncategorized |

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