high interest rate

Kingfisher Airlines posts Q1 losses of Rs.651 crore


August 11th, 2012 - 4:44 pm ICT by IANS
Mumbai, Aug 11 (IANS) Cash-strapped Kingfisher Airlines Saturday reported a net loss of Rs.650.78 crore for the quarter ended June 30, 2012 from a loss of Rs.1,151 crore in the ... Read more...

Posted in Business |

‘Smart cities way forward to housing for all’


August 4th, 2012 - 12:41 am ICT by IANS
Bangalore, Aug 3 (IANS) With increasing migration to urban areas from villages and towns in pursuit of education, jobs and better living, realtors should build smart cities for housing all ... Read more...

Posted in Business |

Sensex tanks 244 points as RBI keeps rates unchanged (Roundup)


June 18th, 2012 - 7:31 pm ICT by IANS
Mumbai, June 18 (IANS) A benchmark index of Indian equities markets fell 244 points after the Reserve Bank of India (RBI) left benchmark rates unchanged in its mid-quarter monetary ... Read more...

Posted in Business |

Interest rate not main reason for growth slowdown: RBI


June 8th, 2012 - 4:23 pm ICT by IANS
Mumbai, June 8 (IANS) High interest rate is not the main reason for the slowdown in economic growth that slumped to a nine-year low of 5.3 percent in the quarter ... Read more...

Posted in Business |

High interest rate, fuel prices slow down car sales (Lead)


May 10th, 2012 - 6:16 pm ICT by IANS
New Delhi, May 10 (IANS) Passenger car sales in India grew by a mere 3.40 percent in April, the slowest in 10 years, as high interest rates and rising fuel ... Read more...

Posted in Business |

RBI governor meets Mukherjee ahead of policy review


April 3rd, 2012 - 7:15 pm ICT by IANS
New Delhi, April 3 (IANS) Reserve Bank of India Governor D. Subbarao Tuesday met Finance Minister Pranab Mukherjee to discuss the macro-economic situation, two weeks ahead of the monetary ... Read more...

Posted in Business |

Ajit Singh carries aviation woes to PM


March 13th, 2012 - 6:39 pm ICT by IANS
New Delhi, March 13 (IANS) Civil Aviation Minister Ajit Singh Tuesday discussed with Prime Minister Manmohan Singh "many issues" afflicting the airline industry.The meeting assumes significance as the government ... Read more...

Posted in Uncategorized |

Aviation industry rocked despite traffic growth (2011 in Retrospect)


December 26th, 2011 - 2:25 pm ICT by IANS
New Delhi, Dec 26 (IANS) Despite a 17-percent growth in passenger traffic, India's civil aviation industry hit turbulent weather in 2011 with rising jet fuel and interest costs eating ... Read more...

Posted in Business |

Economists divided on impact of rate hikes on India’s growth


September 20th, 2011 - 12:59 pm ICT by IANS
Kolkata, Sep 20 (IANS) Economists have started to question the hawkish stance of India's central bank that has seen as many as 12 rate hikes in the past 20 months, ... Read more...

Posted in Business |

Air India says financially hit but operationally sound


August 11th, 2011 - 4:12 pm ICT by IANS
New Delhi, Aug 11 (IANS) Ahead of a crucial meeting of a ministerial panel on the future of Air India, the beleaguered flag carrier has sought to suggest that ... Read more...

Posted in Business |

Fuel, loan interest payment causes for Air India’s losses: Ravi


August 4th, 2011 - 12:45 am ICT by IANS
New Delhi, Aug 3 (IANS) Civil Aviation Minister Vayalar Ravi Wednesday blamed rising fuel prices, falling yields coupled with high interest rate and the very high employee-aircraft ratio as ... Read more...

Posted in Business |

Maintaining low cost of credit is necessary: SBI chairman


July 14th, 2011 - 7:10 pm ICT by IANS
Kolkata, July 14 (IANS) It is necessary to maintain low cost of credit as high interest rate leads to low job creation, State Bank of India (SBI) Chairman Pratip ... Read more...

Posted in Business |

Air India to pay defaulted interest payment in a week


May 21st, 2011 - 8:10 pm ICT by IANS
New Delhi/Mumbai, May 21 (IANS) National carrier Air India Saturday said it will make within a week the defaulted interest payment on the Rs.200 crore working capital loan it took ... Read more...

Posted in Business |

Air India seeks long-term convertion of loans


May 20th, 2011 - 1:58 am ICT by IANS
New Delhi, May 20 (IANS) Debt-ridden national carrier Air India Thursday said that it has sent a proposal to the civil aviation ministry for its permission to convert its short ... Read more...

Posted in Business |

JCB India hopes to grow 15 percent in 2011


April 8th, 2011 - 9:41 pm ICT by IANS
Chennai, April 8 (IANS) Earthmoving equipment maker JCB India Ltd is hoping to close calendar year 2011 with 15 percent growth over the 21,000 units it sold in 2010, an ... Read more...

Posted in Business |

High interest rates, agriculture threaten growth rate: Sinha


March 5th, 2011 - 7:10 pm ICT by IANS
Kolkata, March 5 (IANS) Bharatiya Janata Party leader Yashwant Sinha Saturday termed high interest rates and an uncertain growth in agriculture sector as major threats to the high GDP ... Read more...

Posted in Business |

Man arrested for duping his company


March 3rd, 2009 - 10:36 pm ICT by IANS
New Delhi, March 3 (IANS) The police Tuesday said they have arrested an employee of a money exchange firm who embezzled over Rs.10 million from his company. Amit Kumar worked at a ... Read more...

Posted in Uncategorized |

Industry calls for push to affordable housing


December 28th, 2008 - 3:00 pm ICT by IANS
New Delhi, Dec 28 (IANS) Describing the government's decision to provide 5 percent interest subsidy on housing loans taken by the economically weaker sections (EWS) as "a move in the right direction", ... Read more...

Posted in Uncategorized |

Management change in ICICI in May under Kochar


December 19th, 2008 - 6:00 pm ICT by IANS
Mumbai, Dec 19 (IANS) ICICI Bank, India's largest private sector bank, will see structural changes in its management next May, chief executive-designate Chanda Kochar said here Friday. "There would be no changes ... Read more...

Posted in Business |

Cabinet approves Konkan Railways’ financial restructuring


December 4th, 2008 - 5:51 pm ICT by IANS
New Delhi, Dec 4 (IANS) The cabinet committee on economic affairs Thursday approved the financial restructuring of Konkan Railways Corp (KRCL) by the railways ministry.The proposal provides for handholding by the Railways ... Read more...

Posted in Business |

Maruti Suzuki second quarter profit slumps 37 percent


October 24th, 2008 - 7:00 pm ICT by IANS
New Delhi, Oct 24 (IANS) India's largest automobile manufacturer Maruti Suzuki India saw its net profit slumping 37 percent in the second quarter this fiscal, as compared to same period last year, ... Read more...

Posted in Business |

India helped keep Cricket SA losses down


August 21st, 2008 - 10:39 am ICT by IANS
Johannesburg, Aug 21 (IANS) Three matches against India in Northern Ireland last year helped to substantially reduce the losses incurred by Cricket South Africa (CSA) in its last fiscal.CSA financial chief Hentie ... Read more...

Posted in Uncategorized |

Interest rates will moderate, says Chidambaram


August 1st, 2008 - 7:03 pm ICT by IANS
Bangalore, Aug 1 (IANS) Interest rates will moderate and go back to normal in about six months to a year, finance minister P. Chidambaram said here Friday. “Interest rates will not remain ... Read more...

Posted in Business |

‘Pakistani banks fleecing depositors’


July 26th, 2008 - 3:13 pm ICT by IANS
Islamabad, July 26 (IANS) Pakistani banks are taking advantage of a weak regulatory framework to form cartels and rake in windfall profits, a new report says. "The most important issue is that ... Read more...

Posted in South Asia |

Global economic uncertainties impact business confidence index


May 25th, 2008 - 2:12 pm ICT by admin
New Delhi, May 25 (IANS) India's Business Confidence Index (BCI) for the first half of 2008-09 has moderated by 5.3 points on concerns of global economic uncertainties and high interest rates, a ... Read more...

Posted in Business |

India Inc rings caution as inflation hits three-year high


April 4th, 2008 - 9:12 pm ICT by admin
New Delhi, April 4 (IANS) Leading Indian industrialists and businessmen have called for caution as the annual rate of inflation shot up to a three-year high of seven percent for the week ... Read more...

Posted in Business |

Mystery of Delhi cop’s murder deepens


March 26th, 2008 - 10:41 pm ICT by admin
(Lead)Gurgaon, March 26 (IANS) Delhi Police's ace sharpshooter Rajbir Singh, killed Monday night in the office of a property dealer, had reportedly loaned more than Rs.12 million to him at a high ... Read more...

Posted in Uncategorized |

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