NHAI, Gurgaon expressway operator settle dispute (Lead)
September 18th, 2012 - 8:41 pm ICT by IANS
New Delhi, Sep 18 (IANS) The National Highways Authority of India (NHAI) Tuesday informed the Delhi High Court that it would withdraw a termination order issued to the Delhi-Gurgaon Expressway's ... Read more...
Posted in Business |
Deccan Chronicle Holdings reject bid for Deccan Chargers
September 13th, 2012 - 7:12 pm ICT by IANS
Chennai, Sep 13 (IANS) The Indian Premier League (IPL) team Deccan Chargers owned by Deccan Chronicle Holdings Ltd. (DCHL) remained unsold Thursday after the sole bid from PVP Ventures was ... Read more...
Posted in Sports |
Increasing numbers are committing mortgage fraud
August 22nd, 2012 - 8:57 pm ICT by Aishwarya Bhatt
New York, Aug 22 (THAINDIAN NEWS) Mortgages are commonly known to overwork people minds and this is why people are advised to make sure that they consider their financial capabilities while engaging ... Read more...
Posted in Business |
South Korea’s foreign currency deposits grow
August 7th, 2012 - 2:01 pm ICT by IANS
Seoul, Aug 7 (IANS) South Korea's foreign currency retail deposits grew $3.31 billion last month as more export proceeds were deposited in the foreign currency accounts amid a continued trade ... Read more...
Posted in Business |
Bharti Airtel gets EuroFinance Treasury award
July 8th, 2012 - 7:23 pm ICT by IANS
New Delhi, July 8 (IANS) India's largest telecom service provider, Bharti Airtel, Sunday said it has won the EuroFinance Treasury award for innovation and speed in integrating its treasury works ... Read more...
Posted in Business |
Unemployment rate hit record high in Greece
June 8th, 2012 - 12:39 pm ICT by IANS
Athens, June 8 (IANS) The jobless rate in Greece hit a record high of 21.9 percent in March, official data showed.The figure was up from 21.4 percent in the previous ... Read more...
Posted in Business |
Britain not to fund EU bank bailouts
June 3rd, 2012 - 11:33 pm ICT by IANS
London, June 3 (IANS) Ahead of the European Commission revealing plans to rescue and winddown failing lenders on the ccontinent as the Spanish banking crisis mounts, Britain has ruled out ... Read more...
Posted in World |
Home prices down in China
April 18th, 2012 - 7:25 pm ICT by IANS
Beijing, April 18 (IANS) New home prices in most Chinese cities have declined in March, the country's National Bureau of Statistics (NBS) said Wednesday.In March, 46 of the statistical pool ... Read more...
Posted in Business |
South Korean banks’ foreign borrowing growth slows
April 18th, 2012 - 3:19 pm ICT by IANS
Seoul, April 18 (IANS) South Korean banks' foreign borrowing growth slowed last month as local lenders borrowed less loans from overseas amid easing external uncertainties, a financial watchdog said Wednesday.The ... Read more...
Posted in Business |
Mortgage rise to hit millions in Britain
March 3rd, 2012 - 7:45 pm ICT by IANS
London, March 3 (IANS) Millions of families in Britain face rising mortgage rates with the country's leading lenders pushing up interest rates, Daily Mail reported Saturday.The RBS-NatWest group is pushing ... Read more...
Posted in Business |
Spanish banks’ bad loans ratio highest since 1994
February 18th, 2012 - 12:43 pm ICT by IANS
Madrid, Feb 18 (IANS/EFE) Spanish banks' ratio of non-performing loans to total loans came in at 7.61 percent last year, the highest percentage since 1994.According to provisional data published Friday ... Read more...
Posted in Uncategorized |
SBI’s third quarter net profit up 15.38 percent
February 13th, 2012 - 6:00 pm ICT by IANS
Mumbai, Feb 13 (IANS) State Bank of India Monday reported a 15.38 percent rise in net profit for the third quarter of the current fiscal at Rs.3,263.04 crore from ... Read more...
Posted in Business |
PNB raises interest rate on NRE term deposits
December 27th, 2011 - 6:03 pm ICT by IANS
Mumbai, Dec 27 (IANS) The Punjab National Bank (PNB), the country's second largest public sector lender, Tuesday said it will hike interest rates on non-resident external (NRE) accounts to 9.25 ... Read more...
Posted in Business |
SBI, PNB hike interest rate on NRE term deposits (Lead)
December 27th, 2011 - 6:02 pm ICT by IANS
Mumbai, Dec 27 (IANS) State Bank of India (SBI), the country's largest lender, and Punjab National Bank (PNB) Tuesday said they would more than double interest rates on non-resident ... Read more...
Posted in Business |
State-run banks have lent Rs.6,901.86 crore to Kingfisher Airlines
December 13th, 2011 - 6:09 pm ICT by IANS
New Delhi, Dec 13 (IANS) The government Tuesday said state-run banks have lent Rs.6,901.86 crore to the cash-strapped Kingfisher Airlines.Minister of State for Finance Namo Narain Meena said public ... Read more...
Posted in Business |
Mumbai airport gets tough with Kingfisher over pending dues
December 2nd, 2011 - 9:52 pm ICT by IANS
New Delhi, Dec 2 (IANS) Concerns grew over Kingfisher Airlines' ability to operate out of Mumbai airport which threatened to put the airline on a cash-and-carry basis -- or pay ... Read more...
Posted in Business |
Weak rupee will hit corporate borrowers hard
November 22nd, 2011 - 5:03 pm ICT by IANS
Mumbai, Nov 22 (IANS) Even as they deal with rising input costs and high interest rates, Indian companies which have raised funds from overseas sources have been dealt another ... Read more...
Posted in Business |
Kingfishers’ stock rises by two percent
November 21st, 2011 - 2:51 pm ICT by IANS
Mumbai, Nov 21 (IANS) The scrip of the Vijay Mallya-led Kingfisher Airlines Monday rose by two percent on the back of news that the government has asked the Life ... Read more...
Posted in Business |
Kingfisher board to chalk out rescue plan
November 14th, 2011 - 9:37 pm ICT by IANS
Mumbai, Nov 14 (IANS) Cash-strapped Kingfisher Airlines' board is to meet here again Tuesday, after their Monday meet was inconclusive in chalking out a rescue plan for the carrier ... Read more...
Posted in Business |
Obama launches plan to help families facing foreclosure
October 26th, 2011 - 11:26 am ICT by IANS
Washington, Oct 26 (IANS/EFE) President Barack Obama announced a series of measures to make refinancing mortgages easier for families facing the threat of foreclosure, contrasting his administration's efforts with ... Read more...
Posted in Business |
Rs.2 bn for Pakistan highway projects
August 24th, 2011 - 1:52 pm ICT by IANS
Islamabad, Aug 24 (IANS) A sum of Rs.2.3 billion has been provided to a highway authority in Pakistan so that it can continue working on projects across the country.The Dawn ... Read more...
Posted in South Asia |
Union Bank of India hikes base rate by 50 basis points
August 6th, 2011 - 5:09 pm ICT by IANS
Mumbai, Aug 6 (IANS) Public sector lender Union Bank of India (UBI) Saturday said it has increased its base rate by 50 basis points following hike in key interest rates ... Read more...
Posted in Business |
Indian Overseas Bank hikes base rate
July 30th, 2011 - 4:56 pm ICT by IANS
Mumbai, July 30 (IANS) Indian Overseas Bank Saturday said it has revised its base rate from 10.25 percent to 10.75 percent in response to the Reserve Bank of India's 50 ... Read more...
Posted in Uncategorized |
PNB, Allahabad Bank hike lending, deposit rates
July 29th, 2011 - 8:58 pm ICT by IANS
Mumbai, July 29 (IANS) Public sector lenders Punjab National Bank, Allahabad Bank and Oriental Bank of Commerce said Friday they will hike lending and deposit rates by up to 75 ... Read more...
Posted in Business |
Another rate hike feared in central bank’s policy review Tuesday
July 25th, 2011 - 1:42 pm ICT by IANS
Mumbai, July 25 (IANS) All eyes will be on the Reserve Bank of India (RBI) as it takes up a review of the monetary policy Tuesday, with most fearing ... Read more...
Posted in Business |
Oriental Bank to increase lending to SMEs
April 20th, 2011 - 4:50 pm ICT by IANS
New Delhi, April 20 (IANS) The Oriental Bank of Commerce will increase lending to small and medium enterprises (SMEs) with a view to boosting manufacturing growth in the country, the ... Read more...
Posted in Business |
Apprentice Star Christopher Farrell Avoids Jail
January 29th, 2011 - 12:51 am ICT by Angela Kaye Mason
Jan 28 (THAINDIAN NEWS) Christopher Farrell, one of the contestants from the television reality show“The Apprentice”, has received a suspended sentence on the charges of fraud which he received after allegedly trying ... Read more...
Posted in Entertainment |
Pakistan in deep economic mess, says Pakistani daily
January 23rd, 2011 - 12:57 pm ICT by IANS
Islamabad, Jan 23 (IANS) The economic policies being pursued by Pakistan are "neither sound nor equitable", a leading Pakistani daily said, adding that this "is evident from the deep economic mess the ... Read more...
Posted in South Asia |
Behind the Numbers:Banks Repossess 1Million US Homes in 2010
January 13th, 2011 - 11:33 pm ICT by Angela Kaye Mason
Jan 13 (THAINDIAN NEWS) The headlines have brought the bad news all throughout last year. “Bank repossessions and foreclosure auctions hit new record” has been the theme for many months, and yet ... Read more...
Posted in World News |
Subprime credit card offers on the rise
January 13th, 2011 - 9:14 pm ICT by Aishwarya Bhatt
New York, Jan 13 (THAINDIAN NEWS) Market analysts believe that banks are beginning to lend again and most importantly they are lending to credit card holders.The credit card savvy website, CardHub.com has ... Read more...
Posted in Business |
Two held for extortion bid in capital
January 10th, 2011 - 12:30 am ICT by IANS
New Delhi, Jan 9 (IANS) Two people were arrested for attempting to extort Rs.30 lakh from a businessman in east Delhi, police said Sunday.Suraj Kumar Singh, 20, and Gaurav Verma, 19, were ... Read more...
Posted in Uncategorized |
Union Bank hikes lending rate by 50 bps
December 27th, 2010 - 5:17 pm ICT by IANS
Mumbai, Dec 27 (IANS) The government-run Union Bank of India Monday raised the base rate, the minimum rate at which banks lend, by 50 basis points (bps) to 9 percent, in line ... Read more...
Posted in Business |
Banks need to support a vibrant, inclusive economy: President Patil
December 23rd, 2010 - 6:03 pm ICT by ANI
Mumbai, Dec 23 (ANI): President Pratibha Devisingh Patil on Thursday said banks will have to play a pivotal role in India's growth story, and added that the first priority for lenders should ... Read more...
Posted in National |
Rs.1,360 crore unclaimed money lying with banks: Mukherjee
December 3rd, 2010 - 10:37 pm ICT by IANS
New Delhi, Dec 3 (IANS) More than Rs.1,360 crore is lying unclaimed with banks, mostly public sector lenders, and the government proposes to use this amount for creating depositor awareness, Finance ... Read more...
Posted in Business |
Man U’s American owners to pay off PIK loans
November 16th, 2010 - 2:51 pm ICT by ANI
London, Nov.16 (ANI): Manchester United's American owners have revealed that they will pay off their high interest payment-in-kind (PIK) loans, estimated to be worth around 220 million pounds.The loans were borrowed from ... Read more...
Posted in Sports |