Public sector bank’s non-performing assets not alarming: FM (Roundup)
August 18th, 2012 - 7:20 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday tried to calm the jittery financial sector stating that the rise in non-performing assets (NPAs) of public sector banks ... Read more...
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Bank employees oppose Kingfisher bailout
November 16th, 2011 - 10:31 pm ICT by IANS
Mumbai, Nov 16 (IANS) Opposing the bailout of Kingfisher Airlines, the All India Bank Employees Association (AIBEA) Wednesday urged the Reserve Bank of India (RBI) to first recover loans given ... Read more...
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Public sector banks’ NPAs rise to 2.31 percent
August 16th, 2011 - 7:44 pm ICT by IANS
New Delhi, Aug 16 (IANS) Non-performing assets (NPAs) of government-run banks rose to 2.31 percent as on March 31, 2011, as compared to 2.27 percent in the previous year, ... Read more...
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Constant rate hikes have further burdened realty industry (Comment)
August 3rd, 2011 - 1:13 pm ICT by IANS
It is a matter of concern that credit growth, both for home loans and on the exposure to real estate developers, has hit a speed breaker due to repeated interest rate ... Read more...
Posted in Business |
Vishal Retail sells business for Rs.100 crore
September 13th, 2010 - 6:02 pm ICT by IANS
Mumbai, Sep 13 (IANS) Debt-ridden Vishal Retail Monday said it would sell its retail operations to the Shriram Group and wholesale business to the Indian subsidiary of US-based private equity firm TPG.
It ... Read more...
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Reliance Mobile plans contest around Champions Trophy (Business Capsule-Two)
August 20th, 2009 - 8:56 pm ICT by IANS
New Delhi, Aug 20 (IANS) Anil Ambani-led Reliance Mobile, a "global partner" of the ICC Champions Trophy 2009, Thursday announced that it will hold interactive contests surrounding the tournament.
The contest will be ... Read more...
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Maytas Infra retains Karnataka airport contracts
July 7th, 2009 - 7:21 pm ICT by IANS
Mumbai, July 7 (IANS) The Karnataka government has retained Maytas Infra, a company run by the family of former Satyam chairman B. Ramalinga Raju, as the developer for two greenfield airport ... Read more...
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Maytas to raise fresh funds, not ruling out stake sale
May 5th, 2009 - 5:49 pm ICT by IANS
New Delhi, May 5 (IANS) The government-appointed board of Maytas Infra Ltd, an infrastructure firm linked to fraud-hit Satyam Computers, Tuesday said it was planning to raise funds through fresh loans ... Read more...
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Maytas board approves corporate debt restructuring package
April 29th, 2009 - 9:30 pm ICT by IANS
Hyderabad, April 29 (IANS) The board of cash-strapped Maytas Infra, promoted by disgraced founder of Satyam Computer Services B. Ramalinga Raju and his family, Wednesday approved a draft corporate debt restructuring ... Read more...
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Wockhardt scrip nose-dives 20 percent
April 1st, 2009 - 2:59 pm ICT by IANS
Mumbai, April 1 (IANS) The stock of healthcare major Wockhardt fell 20 percent on the Bombay Stock Exchange following reports that the company would be referred to the corporate debt restructuring (CDR) ... Read more...
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